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Home > News > ONGC exits Kakinada, GMR enters > ONGC exits Kakinada, GMR enters

ONGC exits Kakinada, GMR enters [1]

Private infrastructure company GMR will replace state-owned Oil and Natural Gas Corporation (ONGC) in the proposed Rs 31,000-crore refinery and petrochemical plant at Kakinada in Andhra Pradesh. The exit follows the country's largest oil and gas producer's claims over the past year that the project was unviable. ENTRY STRATEGY # GMR will hold 51% in the Kakinada Refinery and Petrochemical Ltd (KRPL), the company implementing the project # No tax sops to be extended to GMR

Publication Date: 
24/06/2008
Business Standard (New Delhi) [2]
Tags:
Energy Policy [3], GMR Infrastructure [4], Petrochemical Industry [5], Andhra Pradesh [6], Kakinada [7]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/ongc-exits-kakinada-gmr-enters

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/ongc-exits-kakinada-gmr-enters
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gmr-infrastructure
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/andhra-pradesh
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kakinada