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
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