India’s government and a clutch of state-owned companies already own 87 percent of ONGC. The only upside for ONGC investors is the price of crude. If that’s fixed, then there’s no reason to own its shares.
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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