{"id":342190,"date":"2020-03-17T11:53:58","date_gmt":"2020-03-17T06:23:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342190"},"modified":"2020-03-17T11:53:58","modified_gmt":"2020-03-17T06:23:58","slug":"ongc-exudes-confidence-of-withstanding-current-volatility-declares-100-interim-dividend","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-exudes-confidence-of-withstanding-current-volatility-declares-100-interim-dividend\/","title":{"rendered":"ONGC exudes confidence of withstanding current volatility; declares 100% interim dividend"},"content":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) on Monday declared 100 per cent interim dividend and said it has sufficient funds to continue operations in an era of extreme volatility in oil prices. In a statement, ONGC said its board of directors met on Monday and \u201cdeclared an interim dividend of Rs 5 per equity share of Rs 5 each.\u201d The government, which owns 62.78 per cent stake in ONGC, will get Rs 3,949 crore in dividend and taxes.<\/p>\n<p>The company further said the sudden and sharp decline in crude oil prices in the last few days had let to a lot of volatility in the sector, hitting share prices of upstream oil and gas producer firms. The outbreak of coronavirus which dampened global demand and the failure of talks of OPEC+ to arrive at an agreement on production cut has led to a drastic decline in oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Oil and Natural Gas Corp (ONGC) on Monday declared 100 per cent interim dividend and said it has sufficient funds to continue operations in an era of extreme volatility in oil prices. In a statement, ONGC said its board of directors met on Monday and \u201cdeclared an interim dividend of Rs 5 per equity share of Rs 5 each.\u201d The government, which owns 62.78 per cent stake in ONGC, will get Rs 3,949 crore in dividend and taxes. The company further said the sudden and sharp decline in crude oil prices in the last few days had let to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-342190","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342190"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342190\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}