State-run Oil and Natural Gas Corporation (ONGC) and GAIL India plans to take 12.5 per cent stake in the $2.01 billion (around Rs 9,300 crore) gas pipeline that
Sources said the Cabinet Committee on Economic Affairs is likely to soon consider a proposal allowing ONGC Videsh, the overseas arm of the state explorer, and GAIL to invest $251.2 million (around Rs 1,170 crore) in the 870-km pipeline China National Petroleum Corp (CNPC) is laying in Myanmar to supply gas found in offshore blocks A-1 and A-3 to mainland China.
ONGC has agreed to lend about Rs 4,000 crore to OVL to fund its share of cost of developing the gas fields in A-1 and A-3 blocks and the pipeline to
South Korea's Daewoo Corp holds 51 per cent stake each in Block A-1 and A-3 while OVL has 17 per cent stake. GAIL and Korea Gas Corp have 8.5 per cent each while the remaining 15 per cent is with
Company Name | CMP |
---|---|
ONGC | 246.00 |
Oil India | 447.90 |
Jindal Drilling&Inds | 761.00 |
Hind Oil Exploration | 197.15 |
Deep Industries | 610.75 |
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