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

19 Jun 2026via Business StandardSource

English हिंदी తెలుగు தமிழ்ಕನ್ನಡ मराठी বাংলা ગુજરાતી

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

#Energy#ONGC#StrategicReserve#Infrastructure

Stocks mentioned

ONGCONGC

⚠️ This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.

Trade smarter on NSE

Live option chains, FII flows, PCR, AI analysis — for NIFTY, BANKNIFTY & 200+ F&O stocks.

Start for ₹1 →