ONGC

signed joint venture agreements with Japan's Mitsui OSK Lines Ltd (MOL) to set up two entities in Gift City, Gandhinagar, owning 50% stake in each. The two entities, Bharat Ethane One and Two IFSC, will operate very large ethane carriers (VLECs) for ethane transport from the US to supply feedstock for ONGC Petro Additions Limited.