FinMin open to idea of disinvestment in SBI, ONGC: Report
The minister further said the government is not against the idea of holding a minority stake in key strategic public sector companies.
The minister further said the government is not against the idea of holding a minority stake in key strategic public sector companies.
Oil and Natural Gas Corporation (ONGC) will set up a new unit to house its gas business and clean energy projects such as green hydrogen, as it looks to fast-track foray into new areas.
ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output.
ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output.
India's state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil production from its flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast.
Gainers on the Sensex were led by Sun Pharma, rising 2.49 per cent, followed by ONGC, Bharti Airtel, IndusInd Bank, HUL, ITC, NTPC AND ICICI Bank.
Its gross revenue also declined by 30.9 per cent to Rs 16,917 crore as compared to Rs 24,493 crore in the previous fiscal year.
As per the reports, the fire was reportedly caused by a rupture in the 36-inch Uran-Mumbai gas pipeline.
The PSU also said that it is making efforts to get the taxes and duties rationalised due to the severe impact caused by the pandemic.
There are indications that restrictions on the movement of people and goods are likely to continue after April 14 when the lockdown ends.