The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
As many as 26 mainly offshore oil and gas blocks and 16 coal bed methane blocks have been notified for international bidding as India aims to quickly increase the area under exploration
The state government's stand and the protests against exploration have put ONGC in a spot, with recoverable oil and gas reserves worth $8.5 billion stuck
MM Kutty, secretary for petroleum & natural gas, expects hydrocarbon, motor spirit and gas will play an important role, even with the growth of the EV market