No proposal to acquire GSPC by ONGC

A non-binding MoU has been signed between ONGC and GSPC on October 4, 2016

GN Bureau | November 23, 2016


#ONGC   #GSPC   #MoU   #PSU  


There is no proposal to acquire Gujarat State Petroleum Corporation (GSPC) by Oil and Natural Gas Corporation Limited (ONGC), minister of state (I/C) for petroleum and natural gas Dharmendra Pradhan informed the Rajya Sabha in a written reply on Wednesday.

The minister, however, said that in one area, namely KG-OSN-2001/1, allotted to GSPC and its joint venture partners, GSPC has approached ONGC for framing out certain stake.

Towards this, a non-binding Memorandum of Understanding has been signed between ONGC and GSPC on October 4, 2016.

 

Comments

 

Other News

People of Delhi now hate Kejriwal: Vijay Goel

What is your perception about Arvind Kejriwal’s brand of politics?   In Delhi, after the BJP and the Congress, people wanted to give the Aam Aadmi Party a chance. However, after the Delhi assembly polls, his (Kejriwal`s) political fortune has been on the declin

BHEL’s biggest foreign power project takes off in Bangladesh

Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer.   BHEL said that it won a

For a free and open access

Mozilla is working on two separate goals in net neutrality. One is to bring everyone online; ensure that everyone has access to the internet. The other is to ensure that the network should remain open and diverse. We want people to have access to the whole diversity of the internet and not just in

RSGL, GAIL Gas to set up gas infra in Rajasthan

In a significant step towards setting up of retail gas infrastructure in Rajasthan and opening CNG corridors to connect key cities, a business transfer agreement (BTA) was signed between Rajasthan State Gas Limited (RSGL) & GAIL Gas Ltd.   The agreement is aimed at transf

The might of monies

India Today conducted a cash-for-vote sting operation in the recent assembly polls which revealed how candidates were blatantly violating election commission (EC) guidelines by bribing voters. It also exposed large amounts of money being spent in campaigning as some leaders admitted to spending sev

Why India needs a bullion bank

India’s affinity for gold is a well-known fact, so is its dependence on gold imports to meet the domestic demand. More than 98 percent of the gold consumed in the country is met through import, while the rest is met through recycled domestic gold. In 2015-16, India imported 926 tonnes of gold



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter