ONGC is holding discussions with chemical companies like Itochu Corp of
Japan, and the two UK based companies Ineos and Lyondell Basel for a strategic
partnership in the Rs.12,440 crore petrochemical plant at Dahej in Gujarat.
ONGC Petro-Additions (OPAL) a company formed by ONGC to set up the
petrochemical complex, had initially spoken to seven to eight leading technology
firms and chemical marketers for giving out up to 25 per cent stake in the
proposed unit but has held second round of discussions with just three. OPAL is
likely to finalise the strategic partner by December.
Also See:
OPAL to achieve financial closure
for Dahej plant (05-March-09)
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