'Global crisis not to derail ONGC's investment plans' - Hindu

By
Viraj
on March 26, 2009 10:10 PM | | TrackBacks (0)
New Delhi (PTI): Global economic meltdown and fall in crude oil prices will not deter state-run Oil and Natural Gas Corp from committing to investment of billions of dollars in improving output and diversifying into refining and petrochem business.

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"Despite global slowdown, we shall not slowdown our investments," ONGC Chairman and Managing Director R.S. Sharma said at the CII annual conference here on Thursday. The board of ONGC has approved investments in excess of Rs 25,000 crore during past six months in improving recovery of oil and gas from existing fields, he said.

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This page contains a single entry by Viraj published on March 26, 2009 10:10 PM.

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