10/08/2024 12:54 PM | Click to read full article
The Government of India has approved the ONGC proposal for additional investment totaling Rs.18,365 Crores increasing ONGC’s stake in ONGC Petro-additions Limited (OPaL) from 49.36% to 95.69%. This paves the way for capital restructuring leading to the operational and financial sustainability of OPaL. OPaL, situated at Dahej in Gujarat, is a world-class petrochemical complex having the largest standalone dual feed cracker in Southeast Asia.
