How is Gail different from ONGC?

Gail is trading well below its average PE while ONGC is at a big premium to its history. Gail also offers a better dividend yield, it added. At 12:50 pm, shares of GAIL India were trading 0.19 percent lower at Rs 103.45 apiece while ONGC was trading 1.91 percent lower at Rs 82.15 per share on the BSE.

Is Gail under ONGC?

GAIL is a co-promoter with 17% equity stake in ONGC Petro-additions Limited (OPaL) which is implementing a green field petrochemical complex of 1.1 million tonnes per year ethylene capacity at Dahej in the state of Gujarat.

Which is better ONGC or IOC?

Synopsis. ONGC reported a 34 per cent jump in its 2018-19 fiscal profit to Rs 26,716 crore. New Delhi: ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company.

Which is bigger IOC or ONGC?

Indian Oil Corporation Ltd (IOC), the nation’s biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, it said.

What is the difference between ONGC and Gail?

ONGC is a producer and GAIL is a consumer. Look, ONGC produce Natural gas (and Crude Oil) which it doesn’t use but sell to GAIL (India) Ltd. Then GAIL use that gas for different purpose mainly for Power Production.

What is it like to work at ONGC?

With its diverse and exciting approach to human resource development, it gives an exclusive opportunity for 360 degree learning from peers and seniors through on-the-job experiences. ONGC offers a remuneration package that compares with the best in the Indian Industry in Cost-to-Company terms.

Why do companies like ONGC offer higher salary to off shore employees?

Companies like ONGC has many off shore profiles where the salary is much higher than retail or refinery profiles for the obvious reasons like being more physically challenging, various risk involved which are higher than working on land etc.

Is ONGC a private or public sector?

It is a public sector enterprise that recruits thousands of candidates every year. The ONGC jobs are available for all disciplines in engineering, graduates in chemistry, physics, electronics, geology, geophysics and reservoirs. Administrative jobs are available for finance, medical, marketing, legal and management candidates too.