ONGC’s comeback slips again as KG delays and Mumbai High lag derail recovery plans

Halfway in, ONGC moves key volumes into next year

ONGC had promised the turnaround would finally end its long decline this year. But the company now says the recovery is slipping, citing delays in KG, slower progress at Mumbai High, and shifting of key production volumes to next year. The revival that was eagerly awaited appears to be stalled once more, raising fresh questions about timelines.