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Will ONGC Finally Meet Its Production Guidance? History Suggests Otherwise
ONGC has not only reduced production guidance of its key KG asset over the years, but has also consistently missed production targets in the last 6 years.
03 Jan 2025, 02:10 PM IST 
ONGC has consistently missed its production targets for the last six financial years (Photo Source: ONGC’s Twitter handle)
Oil and Natural Gas Corporation Ltd.'s management as well as analysts tracking the stock remain positive of the company's production prospects. This comes on the back of an expected production ramp-up at the oil producer's key asset — KG Basin.However, it is key to note that ONGC has consistently missed its production targets for the last six financial year and has also cut the production guidance for its KG 98/2 basin by 33-42% sinc...
