Governance Now Masterminds

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

There is huge hunger for news, says Ashish Bhasin

India is a news-hungry nation with more than 1 lakh newspapers, apart from many news channels. News consumption is high – more so in smaller cities, and the industry needs to capitalize on its huge untapped potential, believes Ashish Bhasin, CEO, APAC, and chairman, India Dentsu Aegis Network.

Amnesty wind-up: NHRC notice to home ministry

As the Amnesty International downs the shutters on its India operations, the National Human Rights Commission (NHRC) has taken suo motu cognizance of the matter and sought the home secretary’s response on the allegations levelled by the global organisation. Amnesty International in Ind

Covid-19 triggers research culture in Ayurveda, traditional medicines

The Covid-19 pandemic has brought the spotlight on the health-promotive and disease-preventive solutions of Ayush (Ayurveda, Yoga, Unani, Siddha, Homeopathy) disciplines. What has not come into the limelight is the emerging nationwide trend in the Ayush disciplines, of taking up evidence-based studies.

Derivative market for electricity in India: Will it lead to innovation or speculation?

The Indian electricity sector is going through an interesting phase right now. Many reforms are being introduced to increase competitiveness and transparency in the sector. The power market in India is a surplus market now and the spot prices are going down day by day. With all these indicators signaling a

A walk down the rich history of Ayurveda

The Indic Quotient: Reclaiming Heritage through Cultural Enterprise By Kaninika Mishra Bloomsbury India, 230 pages, Rs. 499    Over the past decade, India has seen a significant rise in passion for enterprise as well as pride in her

Is China gearing up for prolonged conflict with India?

International observers will keenly watch the Chinese Communist Party Central Committee meeting next month. The central committee is the highest organ of the CCP with a mandate to execute the decision of the National Congress which is convened once every five years.   Besides economy, r

Governance Now Masterminds

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter