{"id":516089,"date":"2022-08-23T10:36:26","date_gmt":"2022-08-23T05:06:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=516089"},"modified":"2022-08-23T10:36:26","modified_gmt":"2022-08-23T05:06:26","slug":"ongc-indian-oil-to-make-joint-bid-for-jbf-petrochemicals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-indian-oil-to-make-joint-bid-for-jbf-petrochemicals\/","title":{"rendered":"ONGC, Indian Oil to make joint bid for JBF Petrochemicals"},"content":{"rendered":"<p>ONGC NSE 0.15 % and Indian Oil NSE -0.21 % will submit a joint financial bid for JBF Petrochemicals, the former said in response to ET&#8217;s queries on its interest to acquire the Mangalore-based bankrupt chemicals company under corporate insolvency process.<\/p>\n<p>&#8220;ONGC has entered into a consortium with Indian Oil for the purpose indicated in your trailing email and is likely to submit a financial bid shortly,&#8221; an ONGC spokesperson said in an email reply. JBF NSE 1.79 % Petrochemicals is also on the wish list of private sector rivals such as Reliance Industries NSE 0.14 %.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONGC NSE 0.15 % and Indian Oil NSE -0.21 % will submit a joint financial bid for JBF Petrochemicals, the former said in response to ET&#8217;s queries on its interest to acquire the Mangalore-based bankrupt chemicals company under corporate insolvency process. &#8220;ONGC has entered into a consortium with Indian Oil for the purpose indicated in your trailing email and is likely to submit a financial bid shortly,&#8221; an ONGC spokesperson said in an email reply. JBF NSE 1.79 % Petrochemicals is also on the wish list of private sector rivals such as Reliance Industries NSE 0.14 %.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-516089","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=516089"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/516089\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=516089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=516089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=516089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}