On 25 December, Mint reported that the tender had received an only bid from GH4India Pvt Ltd, which is IOCL’s own joint venture (JV) with infrastructure and engineering major Larsen & Toubro (L&T) and renewable energy company ReNew. The JV, in which all three companies have equal stakes, was formed in August 2023.
Indian Oil, L&T, ReNew and union ministry of petroleum and natural gas did not respond to emailed queries.
This story is from the February 27, 2024 edition of Mint Mumbai.
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This story is from the February 27, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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