Oil and Natural Gas Corp. Ltd. (BSE:500312) is in talks to buy a 26% stake in Indian Oil Corporation Limited (BSE:530965)'s INR 43.2 billion liquefied natural gas (LNG) import plant at Ennore in Tamil Nadu. "In our Perspective Plan 2030, we have set a target of non-E&P business contributing 30 per cent of the company's total revenues.

Among the non-E&P business, we are betting big on entry into LNG business," a top company ONGC said. "We held detailed discussions with IOC on stake in Ennore terminal in October last year and hope to conclude a deal shortly," the official said.