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Gujarat State Petroleum Corporation sells stake in KG-basin

Mon, Dec 26 2016, 02:56 PM

Gujarat State Petroleum Corporation (GCPC) 80% stake in the natural gas block of KG-basin saw a cost overrun of $664.63 million (total expenditure of $3.41 billion), incurring debt in the process, which ONGC has now bought for over $1.2 billion