Indian government approved ONGC’s ₹18,365 crore (~$2.2 billion) investment in OPaL, raising ONGC’s stake from 49.36% to 95.69%.
This move ensures OPaL’s financial stability, improves its debt-equity ratio, and guarantees a steady supply of feed from ONGC.
OPaL, a key petrochemical complex in Gujarat, supports ONGC’s strategy to expand in the downstream sector.
This move ensures OPaL’s financial stability, improves its debt-equity ratio, and guarantees a steady supply of feed from ONGC.
OPaL, a key petrochemical complex in Gujarat, supports ONGC’s strategy to expand in the downstream sector.
