This is the first time when any retired person assumes a role of head at any Maharatna PSU.
It suggested the ceiling rate for this gas from legacy or old fields, called APM gas, will be increased by $0.5 per mmBtu annually.
With this, the total dividend received by the government from Central Public Sector Enterprises (CPSEs) in current fiscal stands at Rs 23,797 crore.
The total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal reached Rs 23,797 crore.
For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), the committee is likely to recommend a floor or minimum base price and cap or ceiling rates.
Oil and Natural Gas Corporation (ONGC) is without a regular chairman and managing director since April 2021 and the senior most director on the board has been entrusted with the additional charge.
The company said if this levy was not there, ONGC profits would have surpassed its record earnings of July-September 2021.
The revenue, however, increased by 54% to Rs 38,321 crore on a standalone basis during the quarter.
ONGC CMD Rajesh Kumar Srivastava, along with Director (Offshore) Pankaj Kumar, was present on the occasion
TTD's assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India.
Shapoorji Pallonji spokesman while refusing to divulge costing details told PTI that the vessel will be reaching the domestic waters sometime before December-end.
The levy on diesel includes Rs 1.50 per litre road infrastructure cess (RIC), the notification showed.
At least 40 people in three villages nearby have complained of burning sensation in eyes and throat, and the ONGC has been asked to set up gas analysers to check it.
Customers are said to have placed 3.34 crore orders during the 5-day event, up 68% from the previous year sale. Nearly 60% of orders came from Tier 4 cities and beyond.
The Indian consortium has so far invested around USD 85 million in the block. The contract provides for the Indian consortium to be paid back the expense together with a fixed rate of return.
It also has a member from private city gas operators, state gas utility GAIL, a representative of Indian Oil Corporation (IOC) and a member from the fertiliser ministry, the order said.
The statement from Anti Methane Project Movement came at a time when there were reports of agitations against movement of ONGC equipment in Tiruvarur district.
As per tender document, the company sought bids for sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal.
The cumulative crude oil production by ONGC during April-July was 6,606.19 TMT, 1.12% lower than the target.
This was the second time in one-and-a-half decades that a suitable candidate was not found among those who had applied.