ONGC Approaches Record High, Up 5% on Strong Growth Prospects

11 Jul 2024 CW Team

Oil and Natural Gas Corporation (ONGC) witnessed a significant surge, nearing a record high with a 5% increase in its stock price. The rise comes on the back of optimistic growth forecasts and new milestones in global oil prices. Investors responded positively to ONGC's strong operational outlook and the bullish trend in the oil market.

ONGC, India's largest exploration and production company, continues to benefit from favourable market conditions driven by rising oil prices. The company's strategic investments and operational efficiencies have positioned it well to capitalise on the current economic environment. Analysts cite ONGC's robust financial performance and proactive measures in navigating market volatility as key factors contributing to investor confidence.

The surge in ONGC's stock underscores market optimism surrounding the energy sector, particularly amid heightened global demand for oil and gas. As oil prices hit new highs, ONGC stands to gain from increased revenue potential and enhanced profitability. The company's strong production capabilities and ongoing exploration efforts further bolster its growth prospects in the evolving energy landscape.

Investor interest in ONGC reflects confidence in its ability to leverage market opportunities and deliver sustainable returns. With a focus on expanding its operational footprint and enhancing efficiency, ONGC remains poised for continued growth and value creation in the energy sector.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..