Oil PSUs to the rescue of Prasar Bharti

Promise ads for CWG

PTI | September 24, 2010



With advertisers hard to come by, oil PSUs have been roped in to bailout public broadcaster Doordarshan - the official telecaster of the 12-day Commonwealth Games.

Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other state-owned oil firms will buy air-time worth Rs 10 crore during telecast of the Games between October 3 and 14, sources in know of the development said.

Lack of advertisers interest has already forced Prasar Bharti, which administers Doordarshan, to halve the revenue target from ad slots during the Games to Rs 100 crore.

Concerned at the poor showing, Oil Minister Murli Deora today led heads of ONGC, IOC and gas utility GAIL India to Delhi Chief Minister Sheila Dikshit in a show of solidarity.

ONGC Chairman and Managing Director R S Sharma, IOC Chairman B M Bansal and GAIL Chairman and Managing Director B C Tripathi promised all support, sources said, adding that ONGC will buy air-time worth Rs 5 crore and IOC Rs 1.5 crore.

GAIL and other oil firms Bharat Petroleum and Hindsutan Petroleum too will chip in with Rs 3.5 crore.

Sources said originally the government had asked oil PSUs to chip in with Rs 100 crore worth of advertising on Doordarshan, with ONGC contributing half of this as principal advertiser. This was subsequently scaled down to Rs 15 crore with principal advertiser slot going to state power utility NTPC and PowerGrid.

But following controversies like alleged corruption in award of contracts for building stadia and buying equipments and poor preparedness for the extravaganza, sponsorships by PSUs was put on hold.

Sources said the poor response Prasar Bharti got from advertisers forced a rework and oil PSUs were roped in.
 

Comments

 

Other News

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter