The government’s law officers have held that Edinburgh-based firm needs ONGC’s consent to sell its majority stake in Cairn India to Vedanta Resources.
Tag: Rajasthan
Post
Post
ONGC to have last word in Cairn-Vedanta deal
ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
Post
Punj Lloyd bags O&G orders
Punj Lloyd has bagged three oil and gas orders, cumulatively worth Rs 645 crore, in India, Oman and Indonesia.
Post
Logistics: A much needed transformation
Among other firsts, Vallarpadam ICTT will also trigger a stream of business activities in its immediate neighbourhood. NA Muhammed Kutty, explains why India’s first transhipment terminal will transform the face of the logistics industry.
Post
Companies should be made integral in acquisition
ASSOCHAM President Dilip Modi says states’ several land acquisition policy initiatives to attract industries could be ineffective unless they address specific ground issues, and involve the industries’ participation.
Post
Vedanta-Cairn subject to 11
The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.
Post
Punj Lloyd bags three O&G orders
Punj Lloyd has bagged three oil and gas orders, aggregating Rs 645 crore in India, Oman and Indonesia. Occidental’s Rs 323 crore entails construction of a water treatment plant in Oman.
Post
We should collaborate in O&G and renewables
Bas JA Van Vroonhoven, Manager, Business Development of FME Association, the largest organisation in the Netherlands representing employers and businesses in the technological industry.