Business

ONGC to reevaluate government request to list investigation backup, says chairman

India’s Oil and Natural Gas Corp Ltd will reevaluate the administration’s interest that it list ONGC Videsh Ltd, its abroad investigation auxiliary, Shashi Shanker, administrator and overseeing executive of the organization said on Wednesday.

The organization has a few reservations about the posting of ONGC Videsh and has passed on this to the administration, Shanker told journalists at an occasion in New Delhi.

The legislature in August had asked India’s greatest state-claimed oil organization to list its auxiliary as a major aspect of a drive to offer state-advantages for raise reserves.

ONGC Videsh has stakes in 41 oil and gas resources in 20 nations and in the last financial year created oil proportionate to 26.2 percent of India’s nearby yield.

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Alan Brown

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