Not getting NOC for petroleum mining licence from WB govt:

Image
Press Trust of India Kolkata
Last Updated : Jan 08 2019 | 10:12 PM IST

Oil and gas downstream major ONGC on Tuesday alleged that it was not getting the no objection certificate for petroleum mining licence (PML) from the West Bengal government which was long due.

The company plans to invest Rs 6,000 crore more for four Coal Bed Methane (CBM) blocks including the Ranigung belt in West Bengal, an official said.

"We are not getting the NOC for getting the PML within the Ranigung coal belt from the West Bengal government", the official told PTI on the sidelines of an event here.

A major portion of the coal belt falls under the existing airport of Andal in Burdwan, the official added.

Along with IOC, ONGC was supposed to do the downstream activity but the marketing rights lay with the former.

ONGC had been given CBM blocks at Ranigung, Jharia, Bokaro and north Karanpura.

The bidding process conducted by Petroleum and Natural Gas Regulatory Board will cover 10 districts of West Bengal and bring substantial investment to the state along with employment opportunities, an official of the board said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Jan 08 2019 | 10:12 PM IST

Next Story