Under the agreement, the GAIL and AGCL will receive 50,000 standard cubic metre of gas each from Khubal Gas Gathering Station
The government is selling up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC at a floor price of Rs 159 per share.
In a statement, ONGC said net profit for the fiscal FY22 (April 2021 to March 2022) soared 258 per cent to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year.
The OFS by the government will be open on March 30 and 31 for retail investors, ONGC said in a stock exchange filing on Tuesday
In a statement, ONGC said its board held a meeting on Thursday to firm up its 'Future Exploration Strategy'.
