Tag Archives: ongc

ONGC technical director Shashi Shankar sacked

At a time of focus on corporate espionage, the petroleum ministry Tuesday suspended Oil and Natural Gas Corp technical director Shashi Shankar over allegations of irregularities. “Shashi Shankar, director (Technical and Field Services), ONGC has committed gross misconduct while dealing with a tender for Procurement of 21 Blowout Preventers (BOP),” the ministry said in a release here. “Taking strong note ...

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ONGC to Profit by Rs.2,350 Cr after Gas Price Hike

With the new natural gas price hike that was announced on Saturday, state-run Oil and Natural Gas Corporation (ONGC) said the company will benefit by an increase in its profits annually amounting to Rs.2,000 crore. "Every $1 rise in gas price increases our revenues by Rs.4,000 crore and net profit by Rs.2,350 crore," ONGC chairman D.K. Sarraf told reporters here. ...

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