Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 31, 2015 6:37 AM ET

Chemicals

Company Overview of ONGC Petro-Additions Limited

Company Overview

ONGC Petro-Additions Limited engages in the development of a petrochemical plant. It deals with organic, inorganic, or synthetic chemicals and chemical compounds; petrochemicals, polymers, resins, solvents, and other allied chemicals; and derivatives, by-products, co-products, alkalis, acids, and gases, obtained from crude oil, natural gas, and petroleum products. The company undertakes manufacturing, production, processing, conversion, formulation, blending, storing, transportation, warehousing and distribution, sales, and other transactions of these items. ONGC Petro-Additions Limited was founded in 2006 and is based in India.

,  

India

Founded in 2006

Key Executives for ONGC Petro-Additions Limited

ONGC Petro-Additions Limited does not have any Key Executives recorded.

ONGC Petro-Additions Limited Key Developments

ONGC Petro-Additions Is Reportedly In Stake Sale Talks With Petrochemical Industries

ONGC Petro-Additions Limited (OPaL) has revived talks for stake sale to strategic partners, especially to Petrochemical Industries Company (PIC). PIC is in talks to pick up as much as 40% stake in OPaL, according to two people familiar with the development who did not wish to be identified. The deal size is expected to be around INR 35 billion-INR 40 billion, they said. The talks are at an advanced stage and the deal is expected to be finalized in the next two to three months, ahead of the commissioning, that person said. OPaL has also appointed Ernst & Young as advisors to the deal, said one of the two people cited above. An email sent to a PIC official remained unanswered, reported MINT.

ONGC Petro-Additions May Consideration Public Float Next Year

ONGC Petro-Additions Limited is looking for strategic partners from India and overseas and would shortly appoint another financial advisor for the same, a person said. A public float sometime in 2016 is also under consideration, people said.

No Plans To List OPAL And ONGC Videsh

Oil and Natural Gas Corp. Ltd. (BSE:500312) has ruled out plans to list ONGC Petro additions Limited and ONGC Videsh Limited. ONGC Chairman and Managing Director, D K Sarraf told a group of journalists here over the weekend, "We have no plans to exit any of our joint ventures. Also, are we not thinking about taking them public through IPOs".

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ONGC Petro-Additions Limited, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.