ONGC takes leaf out of Reliance’s book, floats subsidiary to buy own gas

Taking a leaf out of Reliance Industries Ltd’s playbook, state-owned Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for gas business that could be used to bid and buy gas from the firm’s own fields.Taking a leaf out of Reliance Industries Ltd’s playbook, state-owned Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for gas business that could be used to bid and buy gas from the firm’s own fields.