BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping enhance output from fields that account for about 72% of ONGC’s gas production and 60% of its oil output.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall