Sage-Tips

Is Indian oil going to be Privatised?

Sources said that while privatisation plan for IOC, GAIL, ONGC, OIL has not been drawn as of now, under the roadmap finalised by the government it would keep bare minimum. This would mean that privatisation of mergers could be considered for remaining oil PSUs at a later stage as well.

What will be the future of Indian oil Corporation?

“To strengthen our company’s long-term future, we are focusing on optimally integrating current refining processes to yield more chemical products per barrel of oil. This will intensify petrochemical and lubricant integration, leading to a diversified product portfolio and attain profit maximization,” Vaidya said.

Will Govt Privatise ONGC?

The petroleum ministry has made its third attempt to get Oil and Natural Gas Corporation (ONGC) to privatise its oil and gas fields along with other infrastructures to raise production. The letter aimed to help the firm raise oil and gas production by one-third by 2023-24.

Is ONGC going to be Privatised?

The government also wants ONGC to privatize smaller fields, and induct partners in bigger, ageing fields where new technologies and the efficiency of private players can help sustain production. In another shift, the government will “no longer insist” on ONGC hiving off its drilling and well services arm, Kapoor said.

What are the JV companies of IOCL?

Manufacture, assemble, & sell Aluminum-Air Battery technology. Note : Apart from above IOCL has 2 other JV Companies (Petronet India Limited and Petronet CI Limited) and 1 Subsidiary Company (Indian Catalyst Private Limited) which are under winding up process. Canara Bank.

Is IOCL a good company to work for?

IOCL is a great organization to work for. It takes great care of its employees. You almost never pay for your boarding and you are covered for any kind of illness. The compensation offered by them is also top-notch for a fresher in India. However, people may not be happier with IOCL as time passes by due to the following reasons: No career growth.

Are people happier with IOCL as time passes by?

However, people may not be happier with IOCL as time passes by due to the following reasons: No career growth. No matter how talented and hard-working you are, promotions happen in fixed time intervals. Growth of compensation is limited to 3\% annually (with an additional 3\% in the year you get promoted).