Reliance, IOC to go slow on city gas venture (The Hindu Business Line 27th Dec 2007)Reliance Industries Ltd (RIL) and Indian Oil Corporation Ltd (IOC) have decided to go slow on their proposed joint venture for city gas distribution. “The two companies have decided to wait for the final guidelines for development of city or local natural gas distribution networks before formalising their joint venture,” sources said. The draft guidelines put out by the Petroleum & Natural Gas Regulatory Board (P&NGRB) have proposed calling bids for the projects. More
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