Need to Know | GAIL in talks with Qatar Petroleum

Need to Know | GAIL in talks with Qatar Petroleum

Dubai: GAIL (India) Ltd, India’s largest natural gas distributor, is in talks with state-owned Qatar Petroleum to build a petrochemicals plant in Qatar, GAIL chairman Upendra Choubey said.

“India is a growing market for petrochemicals," Choubey said in an interview in Doha, Qatar.

“Per capita consumption of polymers is 4kg, whereas the world average is 25kg."

The proposed plant would have capacity to produce 1 million tonnes of polymers a year for export, Choubey said, declining to forecast the project’s cost. Polymers are used to make car parts and machinery. Bloomberg

London: The Tata group is set for a battle royal with One Equity, the private-equity arm of American bank JPMorgan, over Jaguar and Land Rover, the two British marques that have been put up for sale by Ford.

Second-round bids for the famous brands are due on Monday and sources said the field, currently comprising six contenders, is likely to be narrowed to two. One Equity bid is being led by Jacques Nasser, former Ford CEO.

All interested parties have toured the two companies’ plants and seen the new Jaguar XF, a model that will go on sale in March and is regarded as crucial to the marque’s future. PTI