MoneyWorks4Me

ONGC to set-up Rs 266.40 crore seawater desalination plant at Uran unit

09 Oct 2017 Evaluate

Oil and Natural Gas Corporation (ONGC) has received clearance from the Coastal Regulatory Zone (CRZ) for setting up a seawater desalination plant at its Uran unit in Raigad, Maharashtra at a cost of Rs 266.40 crore.

The proposal is to set up a seawater desalination plant with a capacity to process 20 million litres per day (MLD). The proposed site is about 380 meters away from the high tide line (HTL) of Arabian Sea, along the western coast of India.

Oil and Natural Gas Corporation (ONGC) is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

Peers
Company Name CMP
ONGC 221.65
Oil India 452.60
Jindal Drilling&Inds 598.50
Deep Industries 797.15
Asian Energy Service 480.45
View more..