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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Oil and Natural Gas Corporation Ltd    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LTD (ONGC)
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Mumbai chopper crash: 6 bodies found, search on for missing 1

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01/14/2018 | 03:07am CEST

New Delhi [India], Jan 14 (ANI): A Pawan Hans helicopter carrying five senior officials of the Oil and Natural Gas Corporation (ONGC) and two pilots crashed off the Mumbai coast minutes after it took off. So far, six bodies have been recovered.

The police informed that the bodies have been brought to Cooper Hospital for postmortem.

"Out of six bodies, five has been identified. The search for one missing is still underway", a senior police inspector said.

Currently, four Indian Naval ships (Teg, Tarasa, T 11 and T 45) are undertaking the search in the area.

INS Teg also has Chetak helicopter and diving teams embarked onboard to augment the search efforts.

One IN Dornier aircraft has completed the search and one P8I Long Range aircraft has conjoined the search with two SAR kits.

Further, Indian Coast Guard ships and aircraft are also deployed for SAR.

INS Makar, a special hydrographic ship, has left Karwar to augment the search for any sunken wreck from today onwards. Additional ships and aircraft are being kept ready at Mumbai for deployment as and when required.

A total of seven people were on-board in the Pawan Hans Dauphin N2 that crashed and a total of four bodies have been recovered so far.

Meanwhile, the Indian Coast Guard (ICG) identified two of the bodies to be of ONGC employees.

In total, there were seven people, including five ONGC employees, which crashed off the Mumbai coast.

The ONGC, along with the ICG and the Indian Navy, has pressed its helicopter and speedboats for search operations.

The helicopter, which took off from Juhu at 10.20 am, was scheduled to land at ONGC's North Field oil rig at 10.58 am.

The last contact with the Air Traffic Control (ATC) was made at about 10.30 am, 30 nautical miles off Mumbai.

The cause of the tragic incident is still unknown. (ANI)

(c) 2018 2017 aninews.in All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (INR)
Sales 2019 1 776 B
EBIT 2019 437 B
Net income 2019 305 B
Debt 2019 509 B
Yield 2019 5,20%
P/E ratio 2019 6,76
P/E ratio 2020 6,73
EV / Sales 2019 1,45x
EV / Sales 2020 1,42x
Capitalization 2 057 B
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Average target price 223  INR
Spread / Average Target 39%
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Shashi Shanker Chairman & Managing Director
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