ONGC Offers Stake in Deen Dayal Gas Field
OIL & GAS

ONGC Offers Stake in Deen Dayal Gas Field

ONGC, a major player in India's oil and gas sector, has decided to divest a portion of its stake in the Deen Dayal gas field, marking a strategic shift in its operations. This move is part of ONGC's broader strategy to optimize its portfolio and attract new investments.

The Deen Dayal gas field, located in the KG-D6 block in the Krishna Godavari basin, has been a key asset for ONGC, contributing significantly to the country's gas production. With this stake offering, ONGC aims to enhance operational efficiency and unlock additional value from its assets.

The decision to offer a stake in the Deen Dayal gas field comes at a time when the energy landscape is evolving rapidly, with a growing emphasis on cleaner fuels and sustainable practices. ONGC's move aligns with the industry's shift towards diversification and investment in renewable energy sources.

This development is expected to attract interest from domestic and international investors keen on participating in India's energy sector. It also reflects ONGC's commitment to leveraging opportunities for collaboration and growth in a dynamic market environment.

Key stakeholders, including government authorities and industry experts, are closely monitoring ONGC's stake offering in the Deen Dayal gas field, anticipating its impact on the energy sector's future trajectory. The outcome of this strategic move is poised to influence investment trends and operational strategies across the oil and gas industry.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

ONGC, a major player in India's oil and gas sector, has decided to divest a portion of its stake in the Deen Dayal gas field, marking a strategic shift in its operations. This move is part of ONGC's broader strategy to optimize its portfolio and attract new investments. The Deen Dayal gas field, located in the KG-D6 block in the Krishna Godavari basin, has been a key asset for ONGC, contributing significantly to the country's gas production. With this stake offering, ONGC aims to enhance operational efficiency and unlock additional value from its assets. The decision to offer a stake in the Deen Dayal gas field comes at a time when the energy landscape is evolving rapidly, with a growing emphasis on cleaner fuels and sustainable practices. ONGC's move aligns with the industry's shift towards diversification and investment in renewable energy sources. This development is expected to attract interest from domestic and international investors keen on participating in India's energy sector. It also reflects ONGC's commitment to leveraging opportunities for collaboration and growth in a dynamic market environment. Key stakeholders, including government authorities and industry experts, are closely monitoring ONGC's stake offering in the Deen Dayal gas field, anticipating its impact on the energy sector's future trajectory. The outcome of this strategic move is poised to influence investment trends and operational strategies across the oil and gas industry.

Next Story
Real Estate

Housing sales up 5% to 87,108 units across 8 cities in Q2 FY25: Report

Housing sales experienced a 5 per cent annual increase during the July-September period, reaching 87,108 units across eight major cities, driven by strong demand for premium homes, according to a report by Knight Frank India. The real estate consultant released its 'India Real Estate' report for the third quarter of the 2024 calendar year during a webinar, highlighting a moderate rise in housing sales, which contrasted with data from Anarock and PropEquity that indicated a decline in total sales across major cities during the same period. The report mentioned that the residential market had s..

Next Story
Infrastructure Urban

Telangana HC grants bail to Nizampet commissioner in HYDRAA case

Justice Juvvadi Sridevi of the Telangana High Court granted anticipatory bail to Municipal Commissioner P Ramakrishna Rao, who had been charged by the Cyberabad police following a complaint from HYDRAA. The complaint alleged that Rao had granted building permissions within the buffer zone of Errakunta Pond in Bachupally, under the Nizampet municipality. The judge concurred with the argument made by the Municipal Commissioners Association, which stated that the TG b-PASS system had bypassed the municipal commissioners, assigning the responsibility of approving or rejecting building permissions..

Next Story
Real Estate

NRI duped of Rs 30.6 million by Hyderabad real estate company

A Non-Resident Indian (NRI) from Nigeria lost Rs 30.6 million after being lured by a real estate firm that promised to provide him land in Kondapur, where a popular Tollywood hero served as the brand ambassador. After collecting the payment, the accused promised to register the property but ultimately deceived the businessman by making him wait at the sub-registrar's office without showing up. The victim approached the Cyberabad police and filed a criminal case against the proprietor of the real estate company. The complainant had been in search of land with potential for appreciation during ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000