(EnergyAsia, June 25, Wednesday) — Indian infrastructure company GMR has offered to take over ONGC’s stake in the proposed Rs310 billion refinery and petrochemical complex in Kakinada in Andhra Pradesh state. (US$1=Rs42). Upstream company ONGC had proposed to develop the project if the Andhra Pradesh state government had agreed to provide tax incentives worth a…
INDIA: Infrastructure company GMR wants to take over ONGC’s stake in Kakinada oil refinery
Posted on June 24, 2008 by EnergyAsia