ONGC Petro additions Limited (OPaL), a multi billion joint venture company was incorporated in 2006, as a Public Limited Company under the companies Act, 1956, promoted by Oil and Natural Gas Corporation (ONGC) and co-promoted by GAIL and GSPC.
Mitsui will operate two very large ethane carriers for ONGC to import petrochemical feedstock. The joint venture aims to secure ethane for ONGC's subsidiary OPaL.
ONGC PetroAdditions Ltd (OPaL) exits Dahej Special Economic Zone to target domestic petrochemical market. OPaL will operate as Domestic Tariff Area unit from March 8, 2025.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.