Indian government approves acquisition of 55% stake in Cambay psc by Oilex
Oilex has received necessary approvals from the Government of India and Gujarat regarding its transaction to acquire a 55% stake in Cambay psc from Gujarat State Petroleum Corporation (GSPC). The transaction is valued at US$ 2.2 million, once completed Oilex will own a 100 % stake in operations at Cambay psc in Gujarat.
Cambay psc is a natural gas asset located in Gujarat, which is expected to narrow the demand-supply gap in natural gas.
Country updates
-
-
April 23, 2021
India approves Bangalore Metro Rail project
The Central Government of India has approved two phases of the Bangalore metro rail project, which will cover a total distance of 58.19 kilometres. The estimated investment in the metro rail network i...
Read more -
April 16, 2021
Adani to acquire 31.5 % stake in Gangavaram Port Limited
Adani Ports and Special Economic Zones (APSEZ) has received regulatory approvals for the acquisition of a stake in Gangavaram Port Limited (GPL). In March 2021, APSEZ had announced a 31.5% stake held...
Read more -
April 14, 2021
Adani Ports acquires multimillion Port PPP project in India for USD371 million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port Ltd., (Krishnapatnam Port) for INR 28 billion (US$ 371.67 m...
Read more -
April 14, 2021
Tata Power acquires 51% stake in power distribution in Odisha
Tata Power has announced that it has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) due to the completion of the sale process. NESCO will operat...
Read more -
April 13, 2021
NHAI awards Pathankot - Mandi road PPP project
National Highway Authority of India (NHAI) has issued a letter of award to IRB Infrastructure Developers for the road section PPP project in Himachal Pradesh. The development includes rehabi...
Read more
