By siliconindia | Monday, 05 July 2021, 03:15 Hrs The Oil and Natural Gas Corporation Ltd (ONGC) has committed to procurement worth over Rs 30,000 crore in a bid to promote local ventures and support the government s mission of Atmanirbhar Bharat . In this process, the state-run energy major is taking steps to enhance transparency and streamlined contracting practices, which would enable the promotion of a business-friendly environment for ONGC s business partners. ONGC estimates to spend Rs 15,500 crore on major LSTK (lumpsum turnkey) projects, Rs 13,600 crore on major services, and Rs 2,250 crore on major material procurement, in FY 2021-22, a company statement said. To promote its renewed push to ease contracted business practices, ONGC organised an online business partners meet, titled Building Bridges in ONGC s Supply Chain: Aatmanirbhar Bharat: Prosperous India , on Saturday.
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ONGC commits Rs 30,000 cr procurement to boost local ventures
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