Monday 1 June 2015

ONGC plans to invest Rs. 5000 crores: reports

D K Sarraf, chairman and managing director ONGC reported, "We have decided to expedite development in our CBM blocks." 

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Oil and Natural Gas Corporation is reportedly planning to invest Rs 5,000 crores.

D K Sarraf, chairman and managing director ONGC reported, "We have decided to expedite development in our CBM blocks."

The company stated that it has invested about Rs 510 crore on the four CBM blocks.

Sarraf stated that the company may look for options if the companies are interested in an partnership, says report.

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