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ONGC to buy out 9 percent stake of GAIL stake in Dahej project category
March 26, 2018

ONGC to buy out 9 percent stake of GAIL stake in Dahej project

State owned enterprise ONGC will be buying out stake of GAIL in the Dahej Mega Petrochemical Plant in Gujarat. GAIL which had 19% stake originally during the inception of the project is holding only 9% stake. A source privy to the development said, “It doesn’t make any sense to hold such a small percentage stake and its best that ONGC buys out GAIL in the project.”

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