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C.N. Rao, along with three CISF personnel, died in a blast when they were trying to check gas leakage from a pipeline at ONGC’s processing plant in Uran near Mumbai.
The Atal Bihari Vajpayee government’s disinvestment record has still not been matched by any government. UPA government’s record has been relatively pathetic.
The fire broke out in the storm water drainage at ONGC's Uran Plant early Tuesday morning. The oil company said there was no impact on oil processing.
Vietnamese official says Chinese presence could create a potentially 'dangerous' situation in the region.
The Modi govt has an ambitious disinvestment target of Rs 1.05 lakh crore, but is not comfortable with launching an IPO for ONGC Videsh.
An official said the govt identified the biggest energy companies as probable candidates for cutting its direct holding to below 51%.
Former finance minister Arun Jaitley had earlier pushed for ONGC and HPCL merger, which has not been smooth.
ONGC’s cash balance fell to Rs 167 crore in Sept 2018 from Rs 9,511 crore in March 2017, but it says it has enough to finance current and future projects.
ONGC’s cash & bank balances hit Rs 167 crore in Sept 2018, down from Rs 9,511 crore in March 2017, following the acquisition of HPCL and other govt diktats.
Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.
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