ONGC said on Thursday that talks with Kuwait’s Petrochemical Industries Company (PIC) on a possible stake sale in ONGC Petro-additions Ltd (OPaL) remains inconclusive.
In a filing to the BSE, ONGC said, “Discussions have been held with PIC, Kuwait, for equity participation in the OPaL project up to April 2015. However, no recent developments on this front have taken place.”