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OPaL to raise additional funds upon financial closure of Dahej plant by November

25-Aug-11

In a bid to fast-track execution of its petrochemical complex at Dahej, Gujarat, ONGC Petro additions Ltd (OPaL) targets financial closure of its project by November 2011, after a lenders' meet by September-October. The company plan to meet additional capital requirement of the new project by raising additional funds either by way of initial public offer (IPO) or through financial institutions.

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