No impact on investment due to slowdown: ONGC chief

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No impact on investment due to slowdown: ONGC chief

Feb 20, 2020 12:00 IST

State-run Oil and Natural Gas Corporation (ONGC) said its investments have not been affected due to slowdown in the country's economy. "Our investments are long-term and it takes long for them to yield profits but our fundamentals are very strong both in oil and natural gas and we are progressing well," ONGC Chairman and Managing Director Shashi Shanker said. ONGC has always been a profit making company with government stake of 62% and it has made large-scale foreign investments in Middle East, different countries of Africa and even in Venezuela.

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