THE FINANCE MINISTRY is pushing oil companies, including ONGC, to buy back shares. ONGC may have to shell out ` 4,800 crore for this.
LAST FISCAL, ONGC spent ` 36,915 crore to buy the government’s 51.11 per cent stake in HPCL
ONGC paid dividend twice last year
THE GOVERNMENT is sticking to oil sector reforms, but oil price rise brings back the threat of oil subsidies making a comeback
STILL no clarity on pricing of gas from producing fields