Breaking the bonds
Article Abstract:
Reliance Industries Inc may sever its dependence on imported feedstock by 1995, when its natural-gas liquids and naphtha cracker becomes operational. The petrochemical plant will be partly financed out of the company's Euroissue and partly by Reliance's venture partner Itochu Corp. The financing of the largest Japanese investment in India has, however, raised some questions. Under the set-up, Itochu's equity will be channelled through Reliance Polyethylene and Reliance Polypropylene to prevent investors from taking a large part of the mother company.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Fuel injection
Article Abstract:
India's growing fuel needs call for extraordinary measures. One, proposed by Australia's Broken Hill Petroleum (BHP), would lay a $4-5 billion natural gas pipeline from Iran to India, through Pakistani waters. To secure Pakistan's permission BHP intends to let it share in the gas. The pipeline would supply 45 to 60 million cubic feet per day, equal to India's domestic production and about 1/5 of projected need by 1997. If it is successful, more pipelines could follow.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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