Showing posts with label Top Stock Updates. Show all posts
Showing posts with label Top Stock Updates. Show all posts

Wednesday 21 September 2016

IOC strengthens on plan to pick 38% stake in Rs 5,000 crore Dhamra LNG project in Odisha


 IOC and GAIL (India) will exercise their right to jointly acquire 49% stake in Adani Group’s Rs 5,000 crore Dhamra LNG project in Odisha. While, IOC will take a 38% stake, GAIL will pick up 11% stake in the proposed 5 million tonne per annum liquefied natural gas import terminal in Dharma, being set up by Adani Petroleum Terminal (APTPL). APTPL will also hold a 49% stake in the project and remaining 2% will be held by financial institutions.

Share it