ONGC says finances are sound; no issues with salary payments
State-owned Oil and Natural Gas Corp (ONGC) Thursday said its finances are as sound as ever and is generating enough revenues to meet all its capital and operating expenditures as well as any additional merit-based requirement.
ONGC had in January this year bought government's stake in Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore. Of this, Rs 24,881 crore was by way of loan and remaining from internal accruals. Image Source: