(a) whether the ONGC has taken over several Oil PSUs run by the State Government of Gujarat and other Private players;
(b) if so, the details thereof and the amount spent by ONGC in this regard; and
(c) whether the acquisition of such State PSUs has resulted in the reduction in profits of ONGC and if so, the details thereof?
MINISTER IN THE MINISTRY OF PETROLEUM & NATURAL GAS
(SHRI DHARMENDRA PRADHAN)
(a) & (b): ONGC has acquired 80% Participating Interest from Gujarat State Petroleum Corporation Limited (GSPC) along with operatorship rights at a consideration of Rs. 7,560 Crore for Deendayal West field and other discoveries in the Block KG-OSN-2001/3 in Financial Year 2017-18.
(c): ONGC’s Profit After Tax has increased during the last 3 years.
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