Oil and Natural Gas Corporation (ONGC) and GAIL (India) are keen on picking up stake in the Rs.5,000-crore Kochi petrochemical project being executed by Bharat Petroleum Corporation Limited (BPCL) in joint venture with LG Chemicals of South Korea.

“We have got written proposal from several companies to join the project. ONGC and GAIL have also shown interest in taking equity stake in the Kochi venture,” BPCL Chairman and Managing Director R. K. Singh told journalists on the sidelines of the Petrotech Conference here on Tuesday. The petrochemical complex is being built with LG Chemicals as the lead partner.