Union Minister Dharmendra Pradhan flagged off eleven Mobile Medical Units (MMUs) in Odisha’s Bhubaneswar.With an aim to provide healthcare in rural pockets, especially the inaccessible areas of the state, Pradhan plans to offer free primary services. The event took place yesterday.
Determined to survive profitably in a future of low prices and difficult-to-find oil, ONGC plans to tap Big Data to cut its operating costs following example of big international players.
ONGC is committed to reduce the import burden of oil and gas by 10 per cent, as exhorted by Prime Minister Narendra Modi, said a senior ONGC official.
ONGC plans to double its oil production in the next 5-6 years, Mr Dinesh K Sarraf, Chairman & Managing Director, ONGC said while addressing a gathering during Independence Day celebrations here.
Gujarat State Petroleum Corp. Ltd (GSPC) has revived its plan to sell stakes in 20 of its onshore oil and gas blocks, two people aware of the development said.
Taking part in promoting solar power in the state, National Centre for Antarctica and Ocean Research (NCAOR), Mormugao Port Trust (MPT) and Oil and Natural Gas Corporation (ONCG) have decided to set up rooftop solar plants in Goa
PwC, JM Financial and ICICI Securities are among the five consultants vying to become transaction adviser to the government’s over Rs. 33,000 crore stake sale in Hindustan Petroleum Corp Ltd HPCL to ONGC.
State-owned explorer ONGC has sought marketing and pricing freedom to make natural gas viable as it plans to put one trillion cubic feet discovered in the Gulf of Kutch to commercial use.
Given the company’s credit metrics -- it has 130 billion rupees ($2 billion) of cash on its books and a long-term rating that’s a notch above the government -- the issuance will be bought by investors drawn to one of the world’s fastest growth rates and Prime Minister Narendra Modi’s economic policies.
Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.
Oil and Natural Gas Corp. plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.