"We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the Department of Divestment, Ministry of Finance was pushing for a sale.

The executive did not wish to be named as the matter is not public. He cited that ONGC executives would favour delaying a listing, given current low oil prices.

Earlier, India's top energy explorer ONGC reported a 20 percent drop in quarterly net profit on Thursday. ONGC said net profit was 39.35 billion rupees (USD616 million) in its fiscal fourth quarter to March 31, down from 48.89 billion rupees a year earlier. Sales for the quarter were 213.03 billion rupees versus 208.81 billion rupees a year ago.

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