ONGC’s equity infusion in OPaL gets nod

ONGC announced an additional equity infusion of Rs 18,365 crore in its subsidiary OPaL, increasing its stake to over 95%. This move, approved by the government, is part of a capital restructuring plan aimed at achieving financial and operational sustainability. ONGC will also provide domestic gas to OPaL from re-developed fields at a premium price to ensure steady performance.