Ankush

Oil & Gas Industry

Oil & Natural Gas Corporation Reliance Industries Ltd

Financial Analysis

Ankush Raghuvanshi

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Contents

1. Indian Oil & Gas Industry---------------------------------------------------------3 2. Reliance Industries Ltd-------------------------------------------------------------7 a. Analysis of Balance Sheet------------------------------------------------13 b. Analysis of Profit & Loss Account-------------------------------------15 3. Oil & Natural Gas Corporation-------------------------------------------------16 a. Analysis of Balance Sheet------------------------------------------------21 b. Analysis of Profit & Loss Account-------------------------------------23 4. Long Term Investment------------------------------------------------------------24 5. Short Term Lending----------------------------------------------------------------29 6. Long Term Lending----------------------------------------------------------------32 7. Short Term Investment------------------------------------------------------------35 8. Strategy--------------------------------------------------------------------------------38 9. Share price movement-------------------------------------------------------------44 10. Significant accounting policies--------------------------------------------------45 11. Reference------------------------------------------------------------------------------48

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Indian Oil & Gas Industry

History of Oil & gas in India

         1867-First Oil struck at Makum in Assam 1889-First commercial oil discovery in Digboi 1899-Systematic E&P after Assam Oil Company formed 1947-India’s domestic oil production just 250,000 tonnes pa 1955 – ONGC set up 1958 - First Gas & Oil pool discovered in Jwalamukhi (Punjab) and Cambay. Oil India Limited (OIL) set up 1974-Bombay High field in 1974 1991-Liberalized petroleum exploitation and exploration policy 1999-New Exploration Licensing Policy (NELP) was launched by the Government for...