Power Today |
Advertise Here [728 W x 90 H pixels]
News Brief | August 2016

ONGC in talks to sell 25percent stake in OPaL

ONGC Petro additions Ltd (OPaL) is in talks with local and overseas petrochemical companies to sell as much as 25 per cent in the company, according to sources. The company is jointly owned by ONGC, GAIL (India) Ltd and Gujarat State Petroleum Corp. Ltd (GSPC). ONGC and GAIL hold 44 per cent each in OPaL, and GSPC holds the rest. ONGC also plans to sell OPaL shares to the public in a few years from now. The envisaged equity structure would be: ONGC (26 per cent), GAIL (15.5 per cent), GSPC (0.5 per cent), other public sector companies (8 per cent), strategic investor 25 per cent, and public shareholding (25 per cent).
Contact: ONGC Petro additions Ltd
Tel: +91-265-6192600
Website: www.opalindia.in
Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]