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No plans to sell stake in ONGC, IOC: Petroleum Secretary

Wednesday, 10 March 2010

11 March 2010;deccanherald.com:New Delhi:The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said on Wednesday. Both IOC and ONGC are not in favour of raising money through equity route as valuations are being impacted due to uncertain fuel pricing policy. Also, market conditions were not right for FPOs. "(These are) not the correct market time for FPOs," he said.

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Last Updated ( Wednesday, 10 March 2010 )

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