New York-based private equity firm The Chatterjee Group (TCG) is in talks with India’s state-owned Oil & Natural Gas Corporation (ONGC) and its subsidiary Hindustan Petroleum Corporation (HPCL) for a potential joint venture involving a huge oil-to-chemicals project in southern India, Bloomberg reported on Tuesday.
The project is estimated to cost more than $10 billion and is being planned for the city of Cuddalore in Tamil Nadu, the report claimed, quoting anonymous sources.
Source: Upstream
Can’t stop reading? Read more
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom
NIIF targets $2bn for private credit fund amid India’s growing infrastructure boom India’s...
New York Giants consider selling 10% stake, attracting private equity interest
New York Giants consider selling 10% stake, attracting private equity interest The New York Giants...
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake
Update: Italy pauses CVC and Iliad’s plans for Telecom Italia stake The Italian government has put...