March 16, 2010 5:09 AM IST Broadcast24's news24online.com » B.A.G Films & Media Ltd. initiative
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ONGC to invest $20 bn on assets abroad

ONGC to invest $20 bn on assets abroad

India's energy behemoth, the Oil and Natural Gas Corporation, will invest $20 billion in assets abroad over the next decade. "ONGC possessed the capacity to borrow up to $20 billion for its overseas projects given its net worth of $19 billion. We have, however, not set aside cash for our operations abroad," ONGC Chairman-cum-Managing Director RS Sharma said.

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