Direct ONGC to pay Rs 10,000 cr royalty: Guj urges petroleum minister

Image
BS Reporter
Last Updated : Jun 12 2014 | 10:35 PM IST
The Gujarat government on Thursday sought intervention of the minister of state for petroleum and natural gas minister Dharmendra Pradhan for recovery of Rs 10,000 crore in form of crude oil royalty from the state-run Oil and Natural Gas Corporation (ONGC) Ltd.

For this purpose state energy minister today met with Pradhan in New Delhi. This meeting was held in presence of senior officials of petroleum ministry and ONGC. Patel appraised Pradhan over the issue and said that even the Gujarat High Court had issued order in favour of the state government and had directed ONGC to pay the royalty in few months. Patel urged the minister of state to direct ONGC to pay the Rs 10,000 crore royalty to Gujarat government.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 12 2014 | 8:56 PM IST

Next Story