Solid cash flow to support ONGC’s higher investments: S&P
Riding on the back of surge in global energy prices, state-owned Oil and Natural Gas Corporation (ONGC NSE -0.56 %) should have a solid base to increase investments over the next 12-18 months on account of healthy earnings, S&P Global Ratings said on Friday.
“Improved cash flow continues to support the rating” of ONGC, it said in a statement.
