ONGC set to see higher volumes after years of stagnation: Jal Irani

Edelweiss has come out with a report on Oil and Natural Gas Corporation (ONGC). They believe the stock is at an inflection point and that robust growth is not priced into the stock price. In an interview with CNBC-TV18, Jal Irani, Oil & Gas Analyst at Edelweiss Financial Services shared his readings and outlook on the same.

ONGC’s volumes are decisively poised to revive after years of stagnation especially on the gas side, he said.

ONGC is in the process of commissioning 20 projects on the back of which ONGC’s gas volumes are poised to revive by 37 percent over the next four years, he added.

According to him, the Mangalore Refinery and Petrochemicals (MRPL) refinery could get merged into Hindustan Petroleum Corporation Ltd (HPCL) once the acquisition of ONGC into HPCL happens.

For full interview, watch accompanying video...