PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GSPC – Oil Giant in India – Set to Introduce US$ 6 Billion Float - Followed by the news of Cairn India planning for an initial public offering of 30% of business in Bombay, Gujarat State Petroleum Company in India is all set to launch a US$ 6 Billion float
GSPC – Oil Giant in India – Set to Introduce US$ 6 Billion Float

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2006/12/08 - Followed by the news of Cairn India planning for an initial public offering of 30% of business in Bombay, Gujarat State Petroleum Company in India is all set to launch a US$ 6 Billion float.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GSPC (Gujarat State Petroleum Company) in India has started to prepare a US$ 6 Billion (E4.7 Billion, £3.2 Billion) listing on BSE (Bombay Stock Exchange). This move by GSPC was followed by the news that Cairn India - British owned oil group - is planning for an IPO (Initial Public Offering) of 30% of the business in Bombay in December this year (2006). Cairn is targeting to raise US$ 620 Million.

In November's (2006) first week GSPC appointed London bankers at US, Citigroup, HSBC, and Morgan Stanley for handling the float, among the largest on BSE. As per the sources that are close to the deal, GSPC targets to sell its 10%-25% stocks in the beginning of the year 2007, rising to nearly US$ 2 Billion. (Reliance Industries' refining subsidiary, Reliance Petroleum, raised US$ 650 Million at its IPO on BSE in May 2006).

International oil firms are being attracted by GSPC after the company struck a gigantic gas discovery in the Bay of Bengal. If GSPC's claim is to be believed, 20 Trillion cubic feet of gas is held by the field. BP and BG Group - British oil & gas firms - are being short-listed for a stake in the field, along with Chevron and Eni, the American and Italian oil companies, respectively.

RNCOS has just published its much-awaited report on oil and gas industry in India. The report namely "Indian Oil & Gas Industry: An Industry Analysis" provides an objective analysis on the Oil & Gas sector in India along with information on the exploration, production and other processes, plus the annual consumption figures and future growth projections.

According to an industry expert at RNCOS, "BG - British gas specialist - has the most advanced position in India. If BG or BP is successful in bidding, it will by far be the largest investment by a British oil & gas company in India."

Issues and facts "Indian Oil & Gas Industry: An Industry Analysis" report addresses include:

- Get an insight into the trends in market performance
- Pinpoint sectors of growth and identify the driving factors
- Identify market, brand leaders, and understand the competitive environment of Indian oil and gas sector
- How does the competitive market landscape look like for the Indian Oil and natural Gas Industry?
- What are the various opportunities and challenges of this industry?

About RNCOS

RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GSPC – Oil Giant in India – Set to Introduce US$ 6 Billion Float

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Energy Most Recent Related Newswires:

PJB Spearheads Digital Energy for Indonesia with Deployment of GE Digital Power Plant Software
GE and Maersk Drilling Accelerate their Digital Partnership to Drive Industry Transformation
GE to Provide Digitally-enabled HA Power Plant and Services for Mexico's Tierra Mojada Project
Cisco and Enel Sign Agreement on Digitisation and Innovative Services
Enel and Seedstars Sign Cooperation Agreement to Identify Innovative Energy Access Startups in Africa
ENGIE Launches its First Ephemeral Campus
Enel Signs Agreement with US Company Amber Kinetics on Innovative Flywheel Storage System
Alternative Fuels, Carrefour and ENGIE are Joining Forces to Develop Biomethane in France
GE Renewable Energy and Fortum Sverige AB Sign Digital Hydro Pilot Agreement
GE Renewable Energy Announces Agreement to Provide Cube Hydro with Aerating Turbines
GE Oil & Gas and Eni East Africa Sign Long-term Partnership to Develop Gas Resources Offshore of Mozambique
RWE Turns to GE to Improve Flexibility and Performance
Liquefied Gas Pump Market to Record an Exponential CAGR by 2026 According to Persistence Market Research
GE and Solairedirect India Partner for the Next 25 Years
ENGIE Wins Major Contract with Transport for London

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)