No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

On December 21 last year, the board of ONGC had raised the red flag to a move by the Di­p­am for listing OVL

At a time when there is controversy surrounding the listing of ONGC Videsh Ltd (OVL), the fully-owned overseas arm of Oil and Natural Gas Corpo­ration (ONGC), Union Petroleum Minister Dharmendra Pradhan has said there is no such proposal before his ministry.

On December 21 last year, the board of ONGC had raised the red flag to a move by the Department of Investment and Public Asset Management (Di­p­am) for listing OVL, citing that market conditions were not ideal for listing an exploration and production company. Following this, there were reports that the government might ask the company to reconsider the