ONGC to invest ₹4,600 crore in Andhra Pradesh’s KG Basin for drilling, infrastructure, and gas processing:

Oil and Natural Gas Corporation Limited (ONGC) has outlined a major investment plan exceeding ₹4,600 crore in the Krishna-Godavari (KG) Basin, situated in Konaseema district, Andhra Pradesh. The project will involve drilling 10 development wells, establishing two unmanned offshore platforms, laying an offshore pipeline, and setting up an onshore gas processing facility. ONGC has approached the Ministry of Environment and Forests for fresh environmental clearance, as recorded in the July 24 meeting minutes of the ministry’s Expert Appraisal Committee (EAC).