ONGC cuts debt by 35 pc to Rs 13,949 crore

ONGC cuts debt by 35 pc to Rs 13,949 crore

State-owned Oil and Natural Gas Corporation (ONGC) has cut its debt by more than one-third but faces an uphill challenge to meeting planned expenditure during current fiscal due to oil and gas prices falling below sub-optimal levels, according to company officials and regulatory filings.