NEW DELHI: Those holes weren’t dug for finding oil or natural gas, but ONGC prizes them anyway. The government, though, now wants the public sector hydrocarbon giant to sell its golf courses dotted around the country.
ONGC’s fairways, used by its executives for playing the leisurely game and hosting the company’s business partners, have been deemed ‘non-core’ assets by the Department of Investment and Public Asset Management (DIPAM). The government wants ONGC to monetise these assets, said officials familiar with the matter, who spoke off record.
