Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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HPL intrinsic value luring oil majors: Experts- The plant is 12 years old so for depreciationTIMES NEWS NErWoRKyou- can deduct Its 4,000 ct-ore. Another Rs 4,000Kolkata: The unexpected response for the statecrore can be deducted for debt," the expertadded.Iovernment's stake in Haldia Petrochemicals LtdSo, the valuation of DPI,at current prices will not(HPL) des,ite erosion of over 50% peak networth b¬ less than Its io,ooocrore,,of the beleaguered petrochem majoris witnessed After ProjectSupermax. HFL has a capacity of- -largely owing to its intrinsic value, feel experts. 6.7 lnkh tonne of Ethylene (the capacity is mea1The surpriseparticipant in the race toacquire the „ sured by Ethylene), which is quite substantial in-state government's stake in HPL. Naveen Jindal Indian standard._ ____has an advanced plantbut theonlyproblem Isbroadened thefightamong the state-run and pri ,. thatit is a standalone naphtha cracker plant with- nobackward integration.This is whyitis facingsoproblems. The promoters should havefora reilneryconsidering thefact thatHitGroups Jindal Steel and Power Ltd (JSPL), has. ________'Itstate sectpr oilmajors. '__________For the NaveenJindal Group, which had fo much,-rayed into the oil and gas sector, operating under nished'-Jindal<strong>Petroleum</strong> Ltd as part of its diversificationhas additional land, sources added.processin 2108, HPL stake buy would be like a for SHOWING INTEREST 1-laldia Petrochemicals has 500 acres free landwardintegratton,saysapetrochem industryveteron its 1,200-acre premises. "If the new owner setsan. The grouphas sofaracluiredseven oil and gas upagreenfieldunitlil
Big players keen tohave stake in HPLstatesman news serviceKOLKATA, ii JUNE: Dëspitë tht many. 'issues surrounding1-laldia Petrochemicals (HPL), PSUs andmajor private players have evinced interest in buyingout the West Bengal government's stake in HPL."The last datç for submission of expression ofinterest (Eol) was yesterday.W Bengal commerce and industry minister, MrPartha Chatterjee, said the entire bidding processwould be conducted by Deloitte on behalfof WBIDC.TCG will have thefirst right of refusal tO match thehighest bidder.Several big companies, both in the public and privatesectors, had shown interest in the biddingprocess," said sources in the West Bengal IndustrialDevelopment Corporation (WBIDC).Indian Oil Corporation (LOG), Oil and Natural GasCorporation (ONGC) and Gas Authori' of India(GAIL) from the public sector and RelianceIndustries, Cairn India and Jindal <strong>Petroleum</strong> from theprivate sector have bid for the government's stake intHPL, the sources said.Mr Purnendu Chatterjee led TCG, the other principalpromoter is the second largest. shareholderowning 37 per cent stake.
Page 7: Vopak considering LNG storage In As
Page 20 and 21: Sd Yet to TurnPSU Pacts intoJVSto A
Page 22 and 23: Pricing makes new deals for importe
Page 24 and 25: India in Talks to Buy 2OMT LNG: Mol
Page 26 and 27: clalidenlified locations gas is sup
Page 28 and 29: India in talks to buy 20 MT ofLNG:
Page 30 and 31: iLNG Pipeline:Meet to beConvenedbFe

Petroleum Ministry note on shale gas for wider ... - GAIL (India)

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