ONGC Petro-additions Limited (“OPAL”), a joint venture company promoted by Oil and Natural Gas Corporation Limited (“ONGC”) with 26% equity, and Gujarat State Petroleum Corporation Limited (“GSPC”), is implementing a mega petrochemicals project in the Special Economic Zone at Dahej, Gujarat.
52 year old Oil and Natural Gas Corporation Ltd. (ONGC) has formed a 51-officer Think Tank to pump in young and innovative ideas for tackling issues facing the oil major. The 51 officers are all brand new recruits, what the oil major terms Graduate Trainees (GTs).
The Board of Premier Navratna PSU, Oil and Natural Gas Corporation Ltd. (ONGC) has approved an Interim Dividend of 180 % for the financial year 2008-09. This amounts to Rs.18 per equity share, aggregating to Rs.3850 Crore. The most valuable public enterprise in Indian bourses has 213.89 crore paid-up equity shares of Rs. 10 each, after issuing a bonus of 1:2 in 2006.
