Mumbai, May, 20 (EPC News): Quippo Oil & Gas Infrastructure Ltd (QOGIL), promoted by Srei Infrastructure plans to set up oil and gas exploration at Cambay Basin in Gujarat this financial year. Srei Infrastructure Finance further targets to raise $500 million-1 billion from foreign investors for a dedicated fund to invest in Indian infrastructure projects.
“For Srei project and equipment financing jointly, we would like to disburse about Rs 25,000 crore this year . Out of this 10-15 per cent should come from the ECB route,” said Hemant Kanoria, chairman and managing director, Srei Infrastructure Finance.
QOGIL was awarded an oil block, (NELP VII Round) for exploration and production in Cambay basin before two years.
EPC News Bureau
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| Posted on:5/20/2011 at 11:06 AM