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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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Oil and Natural Gas : Pradhan to discuss chopper crash with Sitharaman

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01/13/2018 | 02:11pm CEST

New Delhi [India], Jan 13 (ANI): Union Petroleum Minister Dharmendra Pradhan on Saturday said that he will discuss the Pawan Hans Dauphin N2 helicopter crash with Defence Minister Nirmala Sitharaman.

"The Indian Navy and the Indian Coast Guard are on their job. I am also going to Mumbai to coordinate things. I will discuss it with Defence Minister Nirmala Sitharaman. She is also cooperating and has instructed the Navy and the Coast Guard to look into the issue extensively," Pradhan said.

The bodies of four people have so far been fished out of the sea, near the debris of the helicopter.

The Indian Coast Guard (ICG) have identified two of the bodies to be of Oil and Natural Gas Corporation (ONGC) employees.

Five ships, two Dornier and two helicopters have been deployed for search and rescue operations.

In total, there were a total of seven people, including five ONGC employees, on board the helicopter which crashed off the Mumbai coast early on Saturday.

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

"Two Immediate Support Vessels (ISV)s deployed for patrolling in the area have been diverted for search and rescue operations along with three Coast Guard units. Seaking 42B helicopter is being launched in addition," a Navy spokesperson said.

The helicopter, V T PWA Dauphin, which took off from Juhu at 10.20 am, was scheduled to land at North Field of the ONGC at 10.58 am.

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

The cause behind the tragic incident is not yet known. (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 435 B
Net income 2019 305 B
Debt 2019 509 B
Yield 2019 5,15%
P/E ratio 2019 6,82
P/E ratio 2020 6,77
EV / Sales 2019 1,45x
EV / Sales 2020 1,42x
Capitalization 2 063 B
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 223  INR
Spread / Average Target 38%
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NameTitle
Shashi Shanker Chairman & Managing Director
Subhash Kumar Chief Financial Officer
Adapa Krishnarao Srinivasan Executive Director
Tapas Kumar Sengupta Executive Director & Offshore Director
Ajay Kumar Dwivedi Executive Director & Exploration Director
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