Post the venture, India gas solution would commence operations with 30 employees well experienced in the gas business, both in India and internationally.
“This joint venture will assume the administration of the existing gas contracts to KGD6 customers and will also pursue other opportunities, including LNG import," added the company in a filling to Bombay Stock Exchange on November 18, 2011.
Meanwhile, the entire deal comes in line with the growing demand for gas at an exponential rate. “The need for assured gas supplies to fuel this growth is crucial and the RIL-BP partnership is in a unique position to contribute significantly in the respect," said BP India Region President and Country Head, Sashi Mukundan.
Dion Global Solutions Ltd