The National Company Law Tribunal (NCLT) has approved GAIL’s (India) acquisition of bankrupt Infrastructure Leasing and Financial Services’ (IL&FS) 26 per cent stake in ONGC Tripura Power Company (OTPC).
OTPC is a special purpose vehicle between Oil and Natural Gas Corporation (ONGC), IL&FS Group and Government of Tripura (GoT) for setting up of a 726.6 MW combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
