ONGC excels on all fronts 0%/100% 758

ONGC excels on all fronts

Posted: 08/07/2012 12:41 PM IST

India's Oil & Natural Gas Corp (ONGC) and its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) are making waves on the business exports division. As per the trade circles on Monday the company has till now sold 95,000 tonnes of naphtha and gasoline for August-September delivery. The quantity has been mostly sold to Middle east and China say sources.

However on the production fronts ONGC may be forced to restate its volumes if the government continues with the current method of calculating the subsidy mechanism that had left the country’s biggest oil producer saddled with about Rs 4,500 Cr additional burden last year. About two million tonnes (mt) of condensates produced by the oil company were taken into account while apportioning the subsidy burden.  However an official stated, “We just produce around 24,000 tonnes of condensate annually, which gets sold to companies that produce value added products. So, it is a part of our sales.”

On the other hand recruitment is going on in ONGC. The Graduate Trainee (GT) Recruitment 2012 drive is on at ONGC. Important dates that ought to be remembered for the candidates are:
1.    Start Date of Online Registration : August 4, 2012 , 10.00 Hrs
2.    Last date for Online Registration: August 26, 2012 , 20.00 Hrs
3.    Admit card shall be available from : September 25 2012 (Tentative)
4.    All India Written Test (Tentative): October 7, 2012

On the whole the country's premier oil company is up on all fronts, say industry analysts. Infact ONGC VIDESH features in 14th Position in the "FASTEST GROWING COMPANIES" companies within the industry as per BussinessWorld. (With inputs from internet-AW AarKay)

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