ONGC VIDESH LIMITED

ongc-q2-net-profit-drops-over-36-per-cent

ONGC Q2 net profit drops over 36 per cent

Public Sector oil company ONGC reported a 36.2% drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices. Net profit in July-September quarter reported at Rs 5,276 crore that was 36.2 per cent lower than Rs 8,271 crore profit after tax in the corresponding period last year.

Revenue fell to 10.5 per cent to Rs 1.01 lakh crore. Oil production fell 3.9 per cent to 5.8 million tonnes while gas output fell 1.6 per cent to 6.2 billion cubic metres. The company got $60.33 for every barrel of crude oil it produced and sold, down from $73.07 realisation a year back. Gas price realisation, however, was up 20 per cent at $3.69 per million British thermal unit.

15 Nov 2019
ovl:-a-k-gupta-appointed-director-(ops)

OVL: A K Gupta appointed Director (Ops)

Alok Kumar Gupta (ED, ONGC) was on Monday appointed to the post of Director (Operations) in ONGC Videsh Limited (OVL) till his superannuation i.e. 30.06.2022.


03 Sep 2019
ongc-q2-net-profit-drops-over-36-per-cent

ONGC Q2 net profit drops over 36 per cent

By IndianMandarins 15 Nov 2019

Public Sector oil company ONGC reported a 36.2% drop in second quarter net profit as it faced double whammy of fall in oil production and drop in prices. Net profit in July-September quarter reported at Rs 5,276 crore that was 36.2 per cent lower than Rs 8,271 crore profit after tax in the corresponding period last year.

Revenue fell to 10.5 per cent to Rs 1.01 lakh crore. Oil production fell 3.9 per cent to 5.8 million tonnes while gas output fell 1.6 per cent to 6.2 billion cubic metres. The company got $60.33 for every barrel of crude oil it produced and sold, down from $73.07 realisation a year back. Gas price realisation, however, was up 20 per cent at $3.69 per million British thermal unit.

ovl:-a-k-gupta-appointed-director-(ops)

OVL: A K Gupta appointed Director (Ops)

By IndianMandarins 03 Sep 2019

Alok Kumar Gupta (ED, ONGC) was on Monday appointed to the post of Director (Operations) in ONGC Videsh Limited (OVL) till his superannuation i.e. 30.06.2022.


ovl:-gupta--selected-for-the-post-of-director-(ops)

OVL: Gupta Selected for the post of Director (Ops)

By IndianMandarins 20 May 2019

The public sector headhunter (PESB) on May 20, 2019 selected  Alok Kumar Gupta for the post of Director (Operations), ONGC Videsh Limited (OVL). Presently, he serves as Group General Manager, Oil & Natural Gas Corporation Limited (ONGC).

Altogether, Seven candidates were interviewed by the selection board.

iocl-&-ongc-videsh-ltd:-two-board-level-posts-on-offer

IOCL & ONGC Videsh Ltd: Two Board-level posts on offer

By IndianMandarins 18 Jan 2019

The PESB, on Friday, advertised two board-level positions in Indian Oil Corporation (IOCL) and ONGC Videsh Limited (OVL). Last date for submission of the application for both positions is 29 March 2019.


The post of Director (Operations) OVL is scheduled to fall vacant on 01 March 2019 whereas the post of Director (Refineries) in Indian Oil Corporations Ltd (IOCL) will be falling vacant on 01 August 2019.

chaturvedi-appointed-director,-ovl

Chaturvedi appointed Director, OVL

By IndianMandarins 10 Aug 2018

Girija Shankar Chaturvedi appointed to the post of Director (Exploration) in ONGC Videsh Limited (OVL) for a period of five years. Chaturvedi (Group GM, ONGC) will take over on 01 October 2018 following the retirement of Sudhir Sharma on 30 September 2018.

 

It may be noted that PESB had selected Chaturvedi for the post on 27 April 2018.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.