There is no proposal at present to transfer India’s biggest oil NSE -1.62 % and gas producer ONGC NSE -0.72 %’s assets to smaller state-owned firm Oil India Ltd (OIL), Parliament was informed on Monday.
Assam Chief Minister Himanta Biswa Sarma had earlier this year written to Prime Minister Narendra Modi requesting him to consider transferring all assets of Oil and Natural Gas Corporation (ONGC) in the northeastern region to Oil India Ltd.
