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India s end-use energy consumption to grow 90% by 2050: Rosneft CEO - Industry News
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Capex spending of oil & gas PSUs at Rs 6,669 cr in April
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ONGC s high investments to delay deleveraging: S&P
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ONGC s High Investments To Delay Deleveraging: S&P
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S&P Global Ratings stated that increased investments by Oil and Natural Gas Corp (ONGC) will slow its deleveraging over the next 12-24 months, affecting its bbb+ standalone credit profile. Despite a 2-3% drop in domestic production and lower realizations in FY2024, ONGC s EBITDA rose to Rs 1.1 lakh crore due to strong performance from subsidiaries MRPL and HPCL. S&P forecasts EBITDA to remain around Rs 1 lakh crore for FY2025 and FY2026, supported by increased production from the Krishna Godavari basin and international assets.