Motilal Oswal
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Motilal Oswal
March 14, 2019 08:07 PM IST | Energy

ONGC's Mumbai High, Vasai East came close to being sold, stopped after opposition

Multiple sources in Niti Aayog and government said, the plan to give away fields producing 95 per cent of India's current oil and gas could not go through because of very strong opposition from Oil and Natural Gas Corp (ONGC) as well as some quarters within the government who found something amiss in the proposal.
Besides the 9 fields, 149 marginal fields, that contribute about 5 per cent of the domestic production, were to be clustered and bid out.
ONGC's Mumbai High, Vasai East came close to being sold, stopped after opposition
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