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Both ONGC and MRPL hold respectively 49% and 51% stake in the company.OMPL is a Subsidiary Company of MRPL and also a PSU behalf of share pattern of OMPL. It was incorporated on 19 December 2006. The OMPL complex spans 442 acres of land in Mangalore Special Economic Zone (SEZ). The project cost was estimated at ₹ 5750 crores.
On 28 March 2003, ONGC acquired A.V. Birla Group's stake and further infused equity capital of ₹600 crores making MRPL a majority-held subsidiary of ONGC. [7] [5] The lenders also agreed to the debt restructuring package (DRP) proposed by ONGC, which included, inter alia, conversion of up to ₹3,65,54,884 of the company's loans into equity ...
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai.It is a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Government of India and under the administration of Ministry of Petroleum and Natural Gas.
WASHINGTON/NEW DELHI (Reuters) - Venezuela's state-run PDVSA has shipped a crude cargo valued at $35 million as partial payment to Indian oil company ONGC Videsh Ltd for overdue dividends from a ...
The latter included corporate bodies (20%), ONGC (14%), LIC (6%), Foreign portfolio investors (6%), [37] Oil India Limited (5%) and Indian Mutual funds (4%). [38] This was similar to its shareholding in 2017. As of 31 December 2017, the Promoters Government of India held approx. 56.98% of the shares in Indian Oil Corporation. The public held ...
The OMPL complex spans 442 acres of land in Mangalore Special Economic Zone (SEZ). The project cost was estimated at ₹ 5750 crores. The complex is connected with MRPL Refinery from where the feed to the complex is supplied. It is 14 km away from the New Mangalore Port and about 15 km from Mangalore International Airport.
Chevron, ConocoPhillips, Equinor, [2] Gazprom [3] and ONGC [4] are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production. [5] Geologists believe the country's maritime exclusive economic zone holds one of the largest oil and gas reserves in the Asia ...
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