The oil and gas major ONGC is likely to offload 34 per cent equity in its special purpose vehicle ONGC Petro-additions (OPaL) formed for the upcoming Rs 13,500-crore petrochemical project at Dahej.
The company has started talks with Japanese majors Mitsui and Mitsubishi, that have expressed an interest in the project.
According to sources, ONGC is keen to have both the Japanese firms as partners in the project.
ONGC currently holds 95 per cent stake in OPaL, with Gujarat State Petroleum Corporation (GSPC) holding the remaining 5 per cent stake.
(Source: Business Standard)
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