ONGC eyes on Strategic Roadmap 2040

ONGC CMD says the energy giant is making efforts to explore opportunities for sustaining growth and fulfilling the dream of becoming a global energy leader

GN Bureau | January 29, 2019


#ONGC   #global energy   #Sashi Shanker   #Strategic Roadmap 2040   #energy security   #hydrocarbon production  

ONGC CMD Sashi Shanker has recently said the energy major is contemplating a vision document ‘Strategic Roadmap 2040’ to craft the enterprise’s strategy as an integrated energy major with a long-term perspective.

 
“The document would reframe the vision and recast the objectives of Perspective Plan 2030”, he said. The plan was ONGC’s earlier vision document that outlined strategic goals for the growth of organisation and for the energy security of the nation.
 
“Our portfolio has seen a metamorphic change in the last decade. Today, our business portfolio includes E&P, refining, petrochemicals, LNG, pipelines, retail, SEZ infrastructure and power. While these developments open up new vistas and opportunities for the PSU, they also add layers of complexity to our decision-making and strategic framework”, Shanker said.
 
He said ONGC is making efforts to explore opportunities for sustaining growth and fulfilling the dream of becoming a global energy leader. The exercise envisages evaluating potential growth areas both domestic and overseas to enable ONGC prioritizing suitable actions well in advance.
 
He said overall, 2018 fiscal was a solid year for ONGC. ONGC’s standalone hydrocarbon production increased year on year. Crude oil output increased marginally from 2017 FY levels while gas output increased by over six percent to 23.5 billion cubic metre from 22.0 BCM in 2017.

Comments

 

Other News

India to play leading role in global revival: Modi

India would play a leading role in the global revival, prime minister Narendra Modi said on Thursday, as he addressed the inaugural session of India Global week via video-conference. He said that this is closely linked with two factors. “First is - Indian talent and second is India`s

BMC spells out numbers to counter Fadnavis’ claims

The BrihanMumbai municipal corporation (BMC) has countered Maharashtra leader of opposition Devendra Fadanvis’s suspicions of fewer Covid-19 tests, as it outlined various measures it has adopted since the first test conducted on February 3, and how it has gradually brought down the number of cases in

Mumbai opts for “most liberal Covid-19 testing” in the world

As part of the four T strategy of trace-test-track-treat, Mumbai – the most affected city in India – has decided to make Covid-19 tests accessible to all. The municipal corporation of Greater Mumbai (MCGM) has come out with guidelines allowing all laboratories to conduct RT-PCR (

Exit the Dragon, Enter the Tiger

In a major development on July 6, the Chinese army started moving back its tents, vehicles as well as troops from locations where disengagement was agreed upon in eastern Ladakh’s Galwan Valley. This is a significant milestone in regional geopolitics with India having been successful in isolating the

Hiranandani Group launches ambitious data centre project

With the Covid-19 pandemic pushing more online activity and the capacity usage of data centres going up, India’s largest data centre (DC) building and the biggest tier-IV data centre, Yotta NM1,the  second largest in the world, has been launched in Mumbai. The launch event on Tue

Covid-19: India crosses 1 crore tests milestone

India has achieved a significant milestone as the number of Covid-19 tests conducted in the country so far has crossed the 1 crore milestone. This signifies the importance accorded to widespread testing and the focussed ‘Test, Trace, Treat’ strategy with several follow-up measures taken in tand



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter