GAIL reduces equity stake in OPaL to 15.5%

23-Aug-12
India Ltd has reduced its equity stake in OPaL to 15.5% from 19%. OPaL is ONGC's Dahej mega petrochemical project. An additional escalation in project cost by 9.5% has led to this decision. In 2008-09 OPaL, picked up 19% stake in ONGC Petro-additions Ltd (OPaL).
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