Announcement

Wednesday, September 8, 2010

ADB wants to exit Petronet LNG

The Asian Development Bank wants to exit Petronet LNG Ltd and has offered to sell its 5.2% stake in the country’s largest liquefied natural gas importer to state owned oil firms IOC, ONGC, GAIL and BPCL.

A company official said that “ADB last month wrote to PLL Chairman and Oil

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