ONGC plans new trading arm, eyes $1B profit from operations
ONGC to launch trading company aiming for $1B profit via internal flows.
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6h agoONGC plans new trading arm, eyes $1B profit from operations
Oil & Natural Gas Corporation (ONGC) is readying the launch of a trading company to manage crude and refined product flows between group entities. The proposed arm is expected to generate around $1 billion in annual profits by optimizing internal trade margins and working capital. The plan aligns with public sector firms widening downstream, trading, and integration roles to enhance profitability and internal efficiency amid volatile global oil markets.
positive
6h agoONGC plans new trading arm, eyes $1B profit from operations
Oil & Natural Gas Corporation (ONGC) is readying the launch of a trading company to manage crude and refined product flows between group entities. The proposed arm is expected to generate around $1 billion in annual profits by optimizing internal trade margins and working capital. The plan aligns with public sector firms widening downstream, trading, and integration roles to enhance profitability and internal efficiency amid volatile global oil markets.
positive
ONGC plans new trading arm, eyes $1B profit from operations
about 6 hours ago
1 min read
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ONGC to launch trading company aiming for $1B profit via internal flows.
Oil & Natural Gas Corporation (ONGC) is readying the launch of a trading company to manage crude and refined product flows between group entities. The proposed arm is expected to generate around $1 billion in annual profits by optimizing internal trade margins and working capital. The plan aligns with public sector firms widening downstream, trading, and integration roles to enhance profitability and internal efficiency amid volatile global oil markets.
Oil & Natural Gas Corporation (ONGC) is readying the launch of a trading company to manage crude and refined product flows between group entities. The proposed arm is expected to generate around $1 billion in annual profits by optimizing internal trade margins and working capital. The plan aligns with public sector firms widening downstream, trading, and integration roles to enhance profitability and internal efficiency amid volatile global oil markets.
Companies:
ONGC
Tags:
corporates
energy
corporates
energy
oil & gas
India
strategy
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