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Home > News > GMR to replace ONGC, buy 51% in Kakinada SEZ > GMR to replace ONGC, buy 51% in Kakinada SEZ

GMR to replace ONGC, buy 51% in Kakinada SEZ [1]

State-owned exploration giant Oil and Natural Gas Corporation on Monday decided to exit the Rs 25,600 crore Kakinada refinery, petrochemicals and SEZ project. It will be replaced by infrastructure major GMR Group which would get 51% equity in the venture, that had also been eyed by the Hinduja group.

Publication Date: 
24/06/2008
Times Of India (New Delhi) [2]
Tags:
Land Resources [3], Oil Exploration [4], Petrochemical Industry [5], Special Economic Zones (SEZ) [6], Andhra Pradesh [7], Kakinada [8]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/gmr-replace-ongc-buy-51-kakinada-sez

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/gmr-replace-ongc-buy-51-kakinada-sez
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/land-resources
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/special-economic-zones-sez
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/andhra-pradesh
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kakinada