ONGC restructuring

At a review meeting, Dharmendra Pradhan has told ONGC to develop business models for early monetisation of assets and discoveries

ONGC has said that the discussion on restructuring has been going on since April 2019 and is neither new nor intended to limit ‘intended to limit role or growth of ONGC’

Sources have claimed that the ONGC management’s failure to address a slew of issues raised by field officers over time has affected the morale of employees, impacting production

The government has come up with an action plan to ‘restructure and revamp’ state-run ONGC in a way that will turn it into an ‘enabler’ of growth