Corporate Analysis – Oil & Natural Gas Corporation (ONGC)

ONGC (Oil and Natural Gas Corporation Ltd) acquired government’s majority stake in Hindustan Petroleum Corporation Ltd (HPCL) last year. The company, with consolidated revenue of Rs 3.6 lakh crore and assets of Rs 4.6 lakh crore in FY18, seems to have moved away from its original objective of oil exploration and production. Whether the diversification […]

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