Govt assigns ONGC to build ₹15,000 crore strategic oil reserve

Govt assigns ONGC to build ₹15,000 crore strategic oil reserve. The project aims to enhance India's energy security by creating additional underground storage capacity for crude oil. This capex outlay signals strong state backing for ONGC’s infrastructure role. The move could lead to long-term asset expansion and revenue visibility.

📊 STOCKS: ONGC | 🏢 SECTOR: Energy | #HIGHIMPACT #Energy