Shell in talks to buy stake in southern Andhra Pradesh project
May 26 2014 , New Delhi
"Shell is in talks with the Andhra Pradesh government for a stake in the project. Up to 24 percent is available," he told reporters.
GAIL Gas, a subsidiary of GAIL (India), is a co-promoter of Andhra Pradesh Gas Distribution Company (APGDC) that will build the project in the state.
APGDC will have a 50 percent stake and Gaz de France 26 percent share in the project, leaving the remainder for the new partner.