New Delhi - India is taking a decisive step towards reshaping how its state-run energy cargo is transported across global sea routes, with Oil and Natural Gas Corporation Limited (ONGC) set to join the proposed shipping joint venture led by The Shipping Corporation of India Ltd. (SCI).

The move brings ONGC alongside Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited in the JV, slightly altering the equity structure while significantly strengthening its strategic foundation. As India’s largest upstream oil and gas producer, ONGC brings a substantial and assured cargo base, accounting . . .