{"id":496300,"date":"2022-06-04T11:01:23","date_gmt":"2022-06-04T05:31:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=496300"},"modified":"2022-06-04T13:09:42","modified_gmt":"2022-06-04T07:39:42","slug":"solid-cash-flow-to-support-ongcs-higher-investments","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/solid-cash-flow-to-support-ongcs-higher-investments\/","title":{"rendered":"\u2018Solid cash flow to support ONGC\u2019s higher investments\u2019"},"content":{"rendered":"<p>Riding on the back of surge in global energy prices, state-owned Oil and Natural Gas Corporation (ONGC) should have a solid base to increase investments over the next 12-18 months on account of healthy earnings, S&amp;P Global Ratings said on Friday. <\/p>\n<p>\u201cImproved cash flow continues to support the rating\u201d of ONGC, it said in a statement. <\/p>\n<p>While ONGC gets price equivalent to international oil rates for the crude oil it produces from fields such as Mumbai High, the government fixed price of natural gas based on a formula that factors in global indices.<\/p>\n<p>While oil prices are hovering at multi-year high, gas prices for ONGC too have risen to best ever rate of USD 6.1 per million British thermal unit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riding on the back of surge in global energy prices, state-owned Oil and Natural Gas Corporation (ONGC) should have a solid base to increase investments over the next 12-18 months on account of healthy earnings, S&amp;P Global Ratings said on Friday. \u201cImproved cash flow continues to support the rating\u201d of ONGC, it said in a statement. While ONGC gets price equivalent to international oil rates for the crude oil it produces from fields such as Mumbai High, the government fixed price of natural gas based on a formula that factors in global indices. While oil prices are hovering at multi-year [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-496300","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496300","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=496300"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496300\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=496300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=496300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=496300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}