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

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter