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What are advantage of working in PSU?
PSUs offer lucrative pay package (starting salaries), often higher than equivalent private sector positions. In addition to the salary, there are many other monetary benefits of working at a PSU, such as free medical insurance, retirement benefits, easy to get loans, performance based incentives etc.
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 HPCL and BPCL?
Bharat Petroleum Corporation Limited is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra. Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra and with Navratna status.
Who are the competitors of ONGC?
ONGC’s competitors ONGC’s top competitors include Reliance Industries, HPCL, Oil India and Gujarat Natural Resources. Oil and Natural Gas Corporation (ONGC) is an energy holding company that specializes in the exploration, development, and production of crude oil and natural gas.
What is the difference between Esso and HPCL?
It has its headquarters in Mumbai and was renamed as ESSO India later. HPCL is basically merger of ESSO India and Lube India in 1974. It has about 25\% market-share in India among public-sector companies and a strong marketing infrastructure. It has second largest market share in product pipelines in India.
Should I invest in BPCL or HPCL?
However, BPCL and HPCL look good in terms of interest coverage ratio. Usually interest coverage ratio above 2.5 x is preferable. Being PSU companies, dividend yield is better as compared to private companies. 4. Sales Growth Overall the sales growth of companies is flat over the years (3,5 and 10).
What is the history of HPCL?
HPCL is an Indian oil and natural gas company incorporated in 1952 as Standard Vacuum Refining Company. It has its headquarters in Mumbai and was renamed as ESSO India later. HPCL is basically merger of ESSO India and Lube India in 1974.