State-run oil company ONGC is planning to invest around Rs 10,000 crore to set up an integrated gas processing plant in Maharashtra. The plant will have processing capacity of 10 mmscmd and a 30 megawatt captive power plant as part of the project. At present, the company has two gas processing plants at Hazira in Gujarat and Uran near Mumbai.
Meanwhile, the Ministry of Environment and Forest (MoEF) has recommended Terms of Reference for preparation of the environmental impact assessment report and environment management plan for the gas processing plant.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
