Capital Investment Practices of Oil Sector in India
The Present Chapter
It discusses the capital budgeting practices in Indian oil sector, of ONGC and Cairns India, on comparative basis. ONGC as discussed in the last chapter is a public sector undertaking, whereas Cairns India is s private sector enterprise. Their comparative analysis of capital budgeting practices will give a better insight into the process for managerial implications.
Introduction
1. ONGC
(a) History
As discussed in the preceding chapter, Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, India. It is a public sector undertaking (PSU) of the Government of India, under the administrative control ...
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