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| ONGC declares highest-ever interim dividend of Rs. 3,850 Crore |
| December 23, 2006 |
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| An interim dividend of 180 per cent (Rs. 18 per share), has been declared by the Board of Oil and Natural Gas Corporation Ltd. (ONGC), in its 162nd meeting held in New Delhi, today. This is on the post-bonus expanded equity capital of ONGC. Earlier during the year, ONGC had issued bonus shares in the ratio 1:2, thus increasing its capital from Rs. 1,426 Crore to Rs. 2,139 Crore. |
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| HR professionals favour globalized approach to Employee Relations |
| December 14, 2006 |
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| Union Labour Minister Mr. Oscar Fernandes has called for an insurance mechanism for protection of the working class. Speaking at the 26th National employee Relations Conference organized by SCOPE and ILO at New Delhi on 14-15th December 2006, the Minister said, “Globalization has affected the employment relations all over the world including India and cordial employment relations is a sine-quo-non of industrial growth”. |
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| ONGC Mittal (OMEL) JV poised for significant growth |
| December 14, 2006 |
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| There are certain press reports covering acquisition of 50% stake in Lukoil’s subsidiary, Caspian Investment Resources by Mittal Investment. Relevant to this report, section of the media has raked speculative apprehensions about continuity of the Joint Venture between ONGC and Mittal Group in the form of ONGC Mittal Energy Ltd. (OMEL). To clarify the issues to all the stake-holders and the interested parties, the following clarifications are hereby issued jointly by ONGC and Mittal Investment Sarl. |
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| MRPL Bags the First Prize in Specific Energy Consumption |
| December 13, 2006 |
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| MRPL bagged the First Prize in Category-I in the Jawaharlal Nehru Centenary Awards given for Energy Performance of the Refineries for 2005-2006. |
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| R S Sharma bags 'CNBC-TV 18 CFO Award 2006' |
| December 08, 2006 |
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| R S Sharma, C&MD and Director (Finance), ONGC bags ‘CNBC – TV18 CFO Award 2006’ Mr. R S Sharma, C&MD and Director (Finance), ONGC has been awarded the ‘CNBC – TV18 CFO Award 2006’ for excellence in Finance in the Oil and Allied Services category, recently. |
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| ONGC first PSU to get ISO 9001 for Internal Audit |
| December 06, 2006 |
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| Internal Audit function of Oil and Natural Gas Corporation Ltd. (ONGC) has been accredited with ISO 9001:2000 certification by M/s DNV. This is the first time any public sector company has been accredited with ISO certification for its Internal Audit function. |
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| ONGC earns ‘Excellent’ rating for FY06 MoU performance |
| December 05, 2006 |
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| The FY06 performance of Oil and Natural Gas Corporation Ltd. (ONGC) has been rated ‘Excellent’ by the Department of Public Enterprises under the Ministry of Heavy Industries & Public Enterprises, Government of India. |
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