Company Is Looking for Investments for Government Tender for an Oil Exploration Project in Gujarat
Product / Service
Oil exploration
Clientele type
Government
Premises
office in Mumbai and Gujarat
Asking Price Includes
equity partnership
Reason
requiring to raise fund for equity
Other Details
This oil and natural gas exploration business was incorporated on 2008.
Company has bagged government tender for oil exploration in Gujarat 2012 which was approved in 2018.
The company was formed to diverse into Oil & Gas E & P (Exploration & Production) Activity in India through NELP and other countries in which similar activities are permitted.
The company is looking for JV partner for 26 % stake at USD 160 million.
Finance of USD 250 million repayable over a period of 10 years with 3 years moratorium.
Business Tags
₹10 to ₹200 Cr
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