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Road shows by ONGC-II: What kind of discount is ONGC looking for?
Aug 09: What is the extent of discounts that ONGC is currently seeking from suppliers of E&P equipment?
8The discount sought is high.
8Since the rapid decline of equipment and service prices, the traditional Last Purchase Rate model for determining the reserve price is no longer working.
8A rough yardstick is followed, which is usually a deep discount to the Last Purchase Rate
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