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TCG Partners with ONGC for $10 Billion Indian Project

Last Update 27 August 2024

The Chatterjee Group (TCG) is negotiating with Indian firms ONGC and HPCL to invest over $10 billion in an oil-to-chemicals project in Cuddalore, Tamil Nadu. TCG plans to hold 51% of the venture, with ONGC and HPCL sharing the remaining 49%. The project aims to enhance India's petrochemical capacity, meeting rising demand projected to triple by 2040.

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