ONGC eyes on Strategic Roadmap 2040 -Governance Now

ONGC eyes on Strategic Roadmap 2040

ONGC CMD says the energy giant is making efforts to explore opportunities for sustaining growth and fulfilling the dream of becoming a global energy leader

GN Bureau | January 29, 2019

#ONGC #global energy #Sashi Shanker #Strategic Roadmap 2040 #energy security #hydrocarbon production

ONGC CMD Sashi Shanker has recently said the energy major is contemplating a vision document ‘Strategic Roadmap 2040’ to craft the enterprise’s strategy as an integrated energy major with a long-term perspective.

“The document would reframe the vision and recast the objectives of Perspective Plan 2030”, he said. The plan was ONGC’s earlier vision document that outlined strategic goals for the growth of organisation and for the energy security of the nation.

“Our portfolio has seen a metamorphic change in the last decade. Today, our business portfolio includes E&P, refining, petrochemicals, LNG, pipelines, retail, SEZ infrastructure and power. While these developments open up new vistas and opportunities for the PSU, they also add layers of complexity to our decision-making and strategic framework”, Shanker said.

He said ONGC is making efforts to explore opportunities for sustaining growth and fulfilling the dream of becoming a global energy leader. The exercise envisages evaluating potential growth areas both domestic and overseas to enable ONGC prioritizing suitable actions well in advance.

He said overall, 2018 fiscal was a solid year for ONGC. ONGC’s standalone hydrocarbon production increased year on year. Crude oil output increased marginally from 2017 FY levels while gas output increased by over six percent to 23.5 billion cubic metre from 22.0 BCM in 2017.

Comments

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said: