ONGC, BHP-Billiton-GVK Power combine and Reliance Industries-BP Plc joint ventu
Collapse of crude prices makes ONGC regret costly bid
ONGC gets price equivalent to imported crude oil.
Following a go-ahead from the government to acquire the UK-based Imperial Energy
Oil and Natural Gas Corp reluctantly went ahead with its high-priced bid .
India's Oil & Natural Gas Corp will go ahead with its $2.6 billion takeover
The three companies together posted a loss of Rs 12,987 crore.
Minister of state for power Jairam Ramesh told Financial Chronicle
ONGC made a 1,250 pence/share bid for Imperial
ONGC has not tried to renegotiate its takeover bid price for Imperial Energy.
