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GAIL cuts stake in ONGC proj

GAIL cuts stake in ONGC proj
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GAIL India has cut its equity stake in ONGC’s Dahej mega petrochemical project to 15.5 per cent after project cost further escalated by 9.5 per cent. ONGC has revised the cost upward to Rs 21,396 crore from Rs 12,440 crore with December 2013 set as the commissioning date.

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