Don't have large pile of money for share buy-back: ONGC
December 5, 2011 | Duration: 5 min, 56 sec
Sudhir Vasudeva, Chairman and Managing Director of ONGC, the state-owned oil explorer, told NDTV Profit, "We don't really have a very large pile of money, which is lying idle." He said that the money would hardly suffice for next two years expansion plans and that it does not have enough cash to make buyback offers. He also spoke about new discoveries made by the company and challenges in Syrian operations.