BG UPS EQUITY CAPITAL IN HOLDING Co TO $2 MILLION
Article Abstract:
British Gas Plc (BG) plans to increase the equity capital of its 100 percent Indian subsidiary from $500,000 to $2 million. The proposed holding company will coordinate BG's existing and proposed activities in the oil, power and gas sectors in India. BG will also offer project development services and take part in the operations of the projects. BG will offer technical and consultancy services for other firms in the Indian oil and gas sectors. The subsidiary would not only assist BG in its investment plans for India, it will also protect the company's existing and future investments in the country. BG already has a 60.3 percent stake in India's largest gas distribution company, Gujarat Gas. (rs)
Comment:
Plans to increase the equity capital of its 100% Indian subsidiary from $500,000 to $2 mil
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ONGC OWES Rs75 CRORE TO SHIPPING COS
Article Abstract:
The Oil and Natural Gas Corporation (ONGC) owes Rs75 crore to 5 Indian shipping companies. The Shipping Corporation of India (SCI), the Great Eastern Shipping Company (GESC), the Essar Shipping (ES), the Varun Shipping (VS) and the Garware Shipping (GS) had chartered their offshore service vessels to ONGC. SCI, which had chartered 10 vessels for ONGC, has to get Rs30 crore from the company. The other shipping companies had chartered 14 vessels for ONGC. The shipping companies have now moved the Petroleum and Natural Gas Ministry of the Government of India to recover their dues. (ag)
Comment:
Asks Petroleum and Natural Gas Ministry of Government of India to recover dues from Oil & Natural Gas Corp
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GULF OIL INDIA LIMITED
Article Abstract:
Gulf Oil India Limited, Mumbai, has published the unaudited financial results for the quarter ended December 31, 1998. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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