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ONGC Gas Ltd.
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Pm News Bureau
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Wednesday, May 16, 2012, 16:25 Hrs [IST]
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ONGC plans to foray into gas retailing
business through a new subsidiary
ONGC Gas Ltd. ONGC
would use the new entity for its city
gas distribution business and sale
of imported liquefied natural gas.
The new unit may be aimed at making
amends to the company letting
go lucrative opportunities to enter
gas business. Though being the
country's largest natural gas producer
at around 55 million cubic
metres per day, ONGC has virtually
no presence in marketing of the
environment friendly fuel.
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