September 17, 2026: ONGC Videsh Limited (OVL), the overseas arm of state-run Oil and Natural Gas Corporation (ONGC), is stepping up its global expansion strategy by exploring new oil and gas assets and working to increase production from its existing overseas projects.
The company’s expansion drive comes amid strong economic growth in India and rising energy demand, with OVL seeking to strengthen the country’s long-term energy security through overseas asset acquisition and increased production.
OVL Managing Director and CEO Rajarshi Gupta said the company was actively pursuing opportunities in international markets and was confident of securing additional global assets as India’s position and influence in the international market continue to grow.
Gupta said OVL is continuously evaluating new opportunities across international markets as part of its strategy to expand its overseas portfolio.
Speaking in Odisha after receiving the Distinguished Alumni Award at his alma mater’s 24th convocation, Gupta said the company is currently focused on expanding its global presence.
He indicated that OVL could announce new developments related to overseas assets in the future.
(Source: Indian masterminds)
To download the latest issue 'Volume 33 Issue 11 - September 10, 2026', click here |
