Friday, December 28, 2007

ONGC asks for free land, fiscal incentives to set up Kakinada project

Oil and Natural Gas Corporation's (ONGC) fresh list of conditions to set up the Rs 25,600 crore export-oriented refinery-cum-petrochemical project at Kakinada includes 950 hectares of land free of cost from Andhra Pradesh government and fiscal incentives in the form of exemption from sales tax on sale of petroleum and petrochemical products.

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