ONGC wins Rs 1000 crore award in cost disputes with 3 companies

State-run ONGC wins international arbitration awards worth Rs 1,000 crore in cost-sharing disputes with Petrobras, ENI, and Rocksource. The disputes are related to offshore exploration blocks in Mahanadi, Krishna-Godavari and Cauvery basins. ONGC’s work execution quality is validated by the unanimous awards.