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GAIL India and
The JV will develop natural gas highways/spur lines for transmission and distribution of gas in the state from the main line of GAIL/other companies, to the gas consumption centres. The initial authorised share capital of the JV company will be Rs 100 crore. The authorised capital would be increased to meet requirements for further investments, as and when they arise.
The initial issued, subscribed and paid-up capital of the JVC would be Rs 5 lakh, consisting of 50,000 equity shares of Rs 10 each. GAIL and MIDC would hold 25 per cent equity each in the JV and the balance half would be offered to strategic investors or non-government companies or financial institutions. No single investor from strategic partners or financial institutions would be allowed to hold more than 20 per cent of the JVC’s equity.
The JVC would not be a government company as envisaged under Section 617 of the Companies Act, nor a company to which the provisions of Section 619B of the Companies Act applies. The JVC would source its requirements of natural gas from GAIL India or its affiliates by entering into a Gas Purchase Agreement.
The sourcing of the product would be done at the most competitive/best offered price and the transactions carried out on ‘arms length’ principles. If GAIL or its affiliates are not in a position to supply the gas requirements of the JVC, the latter would give the next preference to other parties. The JVC may also source natural gas/CNG by importing these.
crackcrack
| Company Name | CMP |
|---|---|
| GAIL India | 210.45 |
| Petronet LNG | 346.50 |
| Linde India | 7789.40 |
| Confidence Petroleum | 77.56 |
| Refex Industries | 518.60 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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