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GSPC News

04 Aug 2017

IOC to buy up to 50 % stake in Mundra LNG terminal

The board of India's largest oil firm gave "in-principle approval for acquiring up to 50 percent equity in GSPL LNG Ltd, which is setting up a 5 million tons per annum LNG terminal at Mundra Port in Gujarat," the company said in a statement.

Petronet LNG Ltd

21 Jun 2017

Petronet in talks to buy stake in GSPC's Mundra LNG terminal

Petronet LNG Ltd, India's biggest importer of liquid gas, is in talks to buy 25 percent stake in Gujarat State Petroleum Corporation's (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.

Oil and Natural Gas Corporation

19 Mar 2017

ONGC signs pact to buy out GSPC's KG block stake for $1.2 billion

State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC's entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion.

Gujarat assembly

23 Aug 2016

Gujarat Assembly committee raps GSPC for 'over confidence'

The committee, which monitors state-run public sector undertakings (PSUs), in their report tabled in the House Tuesday pointed out several flaws in the process adopted by GSPC in acquiring the KG gas block through aggressive bidding.

30 Apr 2016

Congress workers burn PM Modi's effigy, demands probe in GSPC scam

Citing a CAG report which rapped GSPC for mismanagement, Congress workers here today burnt an effigy of Prime Minister Narendra Modi as they demanded a probe into the alleged scam in Gujarat State Petroleum Corporation.

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