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ONGC Gains On Hopes Of Subsidy, Gas Reforms

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Shares in Oil and Natural Gas Corp gained on Wednesday (27 August) with dealers citing hopes of reforms on subsidies and gas prices ahead of the state-owned company's share sale.

ONGC shares were trading up 2.1 per cent to Rs 426.85 as of 9:52 a.m.

The government plans to sell a stake in ONGC, India's largest oil and gas exploration company, later this year.

(Reuters)


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