GAIL Update by Epic Research

GAIL India is planning to reduce its equity stake in Oil and Natural Gas Corporation’s (ONGC) mega petrochem project at Dahej to 11.6% as project faces major cost swarming. GAIL had in 2008-09 picked up 19% stake in ONGC Petro-additions (OPaL), which is building a mega petrochemical complex at Dahej in Gujarat.



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Posted in: Indian Market Tips