{"id":581593,"date":"2023-06-03T09:31:01","date_gmt":"2023-06-03T04:01:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581593"},"modified":"2023-06-03T10:14:57","modified_gmt":"2023-06-03T04:44:57","slug":"ongc-to-maintain-financial-flexibility-as-earnings-steady-says-sp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-maintain-financial-flexibility-as-earnings-steady-says-sp\/","title":{"rendered":"ONGC to maintain financial flexibility as earnings steady, says S&amp;P"},"content":{"rendered":"<p>State-owned ONGC&#8217;s operating cash flows will rise over the next 12-24 months due to higher production volumes, stable earnings from domestic gas production, and the removal of a windfall tax on crude oil, S&amp;P Global Ratings said on Friday.<\/p>\n<p>&#8220;This should help the company maintain its good credit quality, despite its investment plans and healthy shareholder distributions,&#8221; the rating agency said in a statement. <\/p>\n<p>ONGC is India&#8217;s largest oil and gas producer. <\/p>\n<p>&#8220;We estimate that ONGC&#8217;s domestic production volumes will rise by 8-10 per cent for fiscal 2024 (year ending March 31). The increase is attributable to the start of oil production from its block in the Krishna Godavari basin later this year,&#8221; S&amp;P said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned ONGC&#8217;s operating cash flows will rise over the next 12-24 months due to higher production volumes, stable earnings from domestic gas production, and the removal of a windfall tax on crude oil, S&amp;P Global Ratings said on Friday. &#8220;This should help the company maintain its good credit quality, despite its investment plans and healthy shareholder distributions,&#8221; the rating agency said in a statement. ONGC is India&#8217;s largest oil and gas producer. &#8220;We estimate that ONGC&#8217;s domestic production volumes will rise by 8-10 per cent for fiscal 2024 (year ending March 31). The increase is attributable to the start of [&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":[135,130,169],"tags":[],"class_list":["post-581593","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581593","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=581593"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581593\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}