Hope to complete 27 projects on time: ONGC


Hope to complete 27 projects on time: ONGC

India”s largest oil and gas exploration and production company, Oil and Natural Gas Corporation Limited (ONGC) on Friday said it has 27 projects worth Rs 87,000 crore which are on stream and will be completed in the next 3-4 years.

“As many as 27 projects worth Rs 87,000 crore are on stream. These projects will be completed in the next 3-4 years. We are on track. We are hopeful that these projects will be completed on time,” ONGC executive director N C Pandey said after attending a meeting with the Department of Economic Affairs (DEA) secretary Atanu Chakraborty and Expenditure Secretary G C Murmu at North Block.

On payment issues, he said, it was emphasized in the meeting that endeavours should be made to make payments ahead of the scheduled date.

The finance ministry on Friday met CPSEs to boost capital expenditure and ensure quick payments to vendors to tackle the slowdown. Read More

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