NEW DELHI: A leading private oil refiner is willing to build a well-head refinery at Cairn India’s Barmer oil-field after the Rajasthan government has agreed to give tax concessions, officials in the know said.
NEW DELHI: A leading private oil refiner is willing to build a well-head refinery at Cairn India’s Barmer oil-field after the Rajasthan government has agreed to give tax concessions, officials in the know said. “Cairn India and some state-owned oil companies could also be equity partners,” a Rajasthan government official said on condition of anonymity. The state government may pick up a 26% stake in the proposed refinery project, he said, but declined to disclose the name of the prospective promoter as discussions were at a preliminary stage.
Full Story: 'Private oil co keen on refinery at Cairn's Rajasthan field' - Economic Times
NEW DELHI: A leading private oil refiner is willing to build a well-head refinery at Cairn India’s Barmer oil-field after the Rajasthan government has agreed to give tax concessions, officials in the know said. “Cairn India and some state-owned oil companies could also be equity partners,” a Rajasthan government official said on condition of anonymity. The state government may pick up a 26% stake in the proposed refinery project, he said, but declined to disclose the name of the prospective promoter as discussions were at a preliminary stage.
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A senior official in the oil ministry confirmed the development. “An expert panel has said that the refinery is viable with state assistance. The state government is also keen. Some oil companies are willing to invest. We are considering the proposal,” the official, who did not wish to be named, said.Information about India auto components
Full Story: 'Private oil co keen on refinery at Cairn's Rajasthan field' - Economic Times
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