Is ONGC a good PSU?

ONGC is India’s “Most Valuable” PSU The Maharatna organization has emerged as the Most Valuable PSU in the Maharatna category according to the India Today Group- MDRA Survey of India’s Best PSUs ranking above other Maharatnas – NTPC, IOCL, CIL and BHEL.

Which one is better ONGC or Iocl?

Ongc is better and package of ongc is 14lakh and 4lakh facilities. Salary is good as compared to IOCL.

Is ONGC a profitable company?

The profit in the quarter is compared with Rs 11,246.44 crore net profit ONGC had earned in full 2020-21 fiscal year (April 2020 to March 2021). This is the highest ever quarterly net profit by any company in the country.

Which is bigger ONGC or IOCL?

NEW DELHI: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.

Is ONGC running in loss?

India’s top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company”s September quarter net profit. This was 31.4 per cent lower than $ 60.33 per barrel price it had got in July-September 2019.

Is ONGC debt free?

How Much Debt Does Oil and Natural Gas Carry? As you can see below, Oil and Natural Gas had ₹894.6b of debt at September 2020, down from ₹1.06t a year prior. However, it does have ₹250.3b in cash offsetting this, leading to net debt of about ₹644.3b.

What is it like to work at ONGC?

True to the ONGC Brand of being the best oil and gas company to work for in India, our institution values commitment, dedication, integrity and sincerity. Right from the early stages, employees are expected to leverage the professional freedom.

How ONGC turned the crisis into an opportunity?

However, the academy turned the crisis into an opportunity by leveraging technology and imparting training to executives online for the very first time at ONGC. A total of 245 ONGCians across all work centres spread across the country attended this programme.

How can ONGC’s employee engagement programme help?

The programme commenced on April 6 and three courses on ‘Maximising Your Productivity’ by training consultant Davis Abraham were conducted back to back during the month. “This helped in keeping employees fruitfully engaged, mentally agile, and kept them connected to the ONGC Community while keeping social distancing in mind.