Split one share into two. The company has also announced Government of India has conveyed the decision for disinvestment of 5% paid up equity capital of ONGC out of Government shareholding.
Top Oil & Gas news of the week - India Infoline.com
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The discussion also covered bilateral cooperation in Renewable Energy and construction of Natural Gas pipelines etc. it was decided that the Joint Working Group between India & Romania should meet early ahead of the Joint Commission Meeting scheduled to be held during next year. GAIL India has reporetdly proposed to set up 5,500 km of gas connectivity over the next two-three years entailing an investment of US$4bn. Rajendra Tiwari, General Manager (Gas Marketing), GAIL India was quoted as saying that “We have planned to add 1,000 km of gas connectivity every year and in another two-three years we will be laying gas connectivity to around 5,500 km across the country... we are investing $4 billion for these projects”. GAIL is in the process of laying additional pipelines in the Dadri-Bawana-Nangal and Chainsna-Jhajjar-Hissar region to serve the Northern market and this year alone around 1,000 km were laid. In the Southern region, pipelines were also laid in Kochi-Bangalore-Mangalore and Dabhol-Bangalore to serve the Kerala, Karnataka and Tamil Nadu markets, adds report.Top Oil & Gas news of the week - India Infoline.com
