Browsing Tag

Natural Gas Utilities (NEC)

Adani raises $1.4 bn from stake sale in 3 firms; $9 bn raised in 4 years

Kemal Pasha Jul 9, 2023

Billionaire Gautam Adani has raised USD 1.38 billion (Rs 11,330 crore) through stake sale in three group companies, taking the total capital raised over four years to USD 9 billion as the conglomerate draws interest from a…

Business

GAIL infuses Rs 2,100 crore in insolvent chemical firm JBF Petrochemicals

Kemal Pasha Jun 2, 2023

India's largest gas firm GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court…

Business

GAIL to build $4.89-bn ethane cracker near LNG import plant in West India

Kemal Pasha May 10, 2023

GAIL is also exploring the possibility to acquire land in Madhya Pradesh, which neighbours Maharashtra, if a deal in Dabhol doesn't materialise, the person said GAIL (India) Ltd, the country's top gas supplier, plans to build a…

Business