VERIFIEDET Finance·18 Jun 2026neutral

Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at Mangaluru

AI Summary

·ONGC will build a ₹15,000 crore strategic oil reserve facility in Mangaluru.
·The project aims to significantly increase India's emergency crude storage capacity.
·This initiative is intended to bolster the nation's energy security.