New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval for investment of Rs.5,000 crore by Oil and Natural Gas Company Limited (ONGC) into the equity share capital of ONGC Videsh by conversion of existing loan of equivalent amount into equity.
The approved investment will strengthen the capital base of ONGC Videsh. It will enhance the ability of ONGC to undertake overseas Exploration and Production (E&P) business, thereby improving the energy security of the country.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
The Golden Triangle of Customer Focus
Tips to Make Your Home Date Night Ready
Why Becoming a Midwife May be the Best Thing You Do for Yourself – and Your Community
VBM Flight AIIX 1344 Incident At Kozhikode On August 7, 2020
Delhi Airport develops portal for all international arriving passengers across India
2014 The Global Indian New Network (TGINN)