ONGC to Invest ₹7,000 Crore in 13-Million-Barrel Strategic Oil Reserve at Mangalore

ONGC to Invest ₹7,000 Crore in 13-Million-Barrel Strategic Oil Reserve at Mangalore

ONGC Chairman Arun Kumar Singh disclosed the investment plans in New Delhi on 31 August 2026, confirming that the company has already secured the land required for the project and that construction is expected to begin shortly. The ₹70-billion investment forms part of ONGC&039;s wider strategy to strengthen India&039;s domestic energy security while expanding the company&039;s role beyond conventional oil and gas exploration. The post ONGC to Invest ₹7,000 Crore in 13-Million-Barrel Strategic Oil Reserve at Mangalore appeared first on Dharmakshethra - India Unabridged | Defence, Diplomacy, Economy, Health, Ayurveda, Heritage .