ONGC denies reports it used overdraft facility to pay salaries
State-owned Oil and Natural Gas Corporation (ONGC) has denied reports which said the company had to avail overdraft facility to pay salaries to its employees. It said such claims are "based on a misinformation campaign". ONGC continues to be in a "sound financial position" and is meeting all of its â¹32,077 crore budgeted expenditure for the fiscal, the company added. 