ONGC announced an additional equity infusion of Rs 18,365 crore in its subsidiary OPaL, increasing its stake to over 95%. This move, approved by the government, is part of a capital restructuring plan aimed at achieving financial and operational sustainability. ONGC will also provide domestic gas to OPaL from re-developed fields at a premium price to ensure steady performance.
- News Source Indiatimes (Click to view full news): CLICK HERE
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