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ONGC receives environment ministry’s approval for Rs 350 crore drilling project in Gujarat

Equitypandit_ONGC

ONGC has got the environment ministry’s approval for its Rs 350 crore project of drilling 22 exploratory wells in NELP-9 blocks situated at Gandhinagar, Banaskantha and Ahmedabad district of Gujarat.

A senior government official has said that “Based on the views of the expert appraisal committee (EAC), the Union environment ministry has given environmental clearance to the ONGC drilling project in Gujarat subject to strict compliance of specific and general conditions.”

The official has further said that the clearance has been granted only for exploratory drilling of 22 wells and in case in future, the development drilling is to be done, the company should take prior clearance from ministry.

Read EquityPandit’s Nifty Energy Outlook for this week

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