Energy PSUs eye diversification
Mumbai Soaring crude prices and pressure back home to keep rates lower is forcing government-run hydrocarbon firms to diversify into non-oil and gas sectors.
Oil & Natural Gas Corporation (ONGC), which supplies crude to oil refiners at a lower price as part of a government subsidy plan, said its board has approved a plan to enter nuclear power and will soon start discussions with the Nuclear Power Corporation of India (NPCIL) for partnering their projects.
Publication Date:
05/11/2012