While ONGC owns 95.5% in the country’s the largest E&P company in the country, OPaL is also ONGC’s largest greenfield investment, rest of the stakes are with Gail India (4.19%) and Gujarat State Petro ...
The group has asked vendors and suppliers to "suspend all activities of the scope of work and performance of all obligations" for Mundra Petrochem Ltd's Green PVC project "till further notice."
The Gujarat refinery project is part of IOC's plans to boost petrochemical capacity by more than 70 per cent over the next decade, from 3.2 million tonnes a year currently, Vaidya said.
Saudi Aramco on Wednesday signed an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India's west coast.