ONGC approves project to boost strategic crude reserves

ONGC approves project to boost strategic crude reserves — ONGC has approved a project to expand India’s strategic crude oil reserves, enhancing national energy security. The move aims to increase storage capacity by 5 MMT, supporting long-term supply stability. The capital expenditure for the project is estimated at ₹2,500 crore. This positions ONGC as a key player in India’s energy infrastructure growth.

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