{"id":525044,"date":"2022-09-27T10:42:24","date_gmt":"2022-09-27T05:12:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=525044"},"modified":"2022-09-27T10:42:24","modified_gmt":"2022-09-27T05:12:24","slug":"ongc-ioc-hikes-jbf-petro-bid-over-2-fold-but-still-trails-gail","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-ioc-hikes-jbf-petro-bid-over-2-fold-but-still-trails-gail\/","title":{"rendered":"ONGC-IOC hikes JBF Petro bid over 2-fold, but still trails Gail"},"content":{"rendered":"<p>Mumbai: Gail India NSE -0.06 % is the frontrunner in what is now a two-pony race for JBF Petrochemicals, with the public sector gas transmission company comfortably trumping its rivals at the close of the second round of bankruptcy auctioning for the debt-laden borrower.<\/p>\n<p>Gail&#8217;s \u20b92,015-crore offer, translating roughly into a 60% haircut for all creditors, remained comfortably ahead of those by a consortium of Oil and Natural Gas Corp (ONGC NSE 1.22 %)-Indian Oil Corp (IOC NSE 0.61 %), and the Kolkata-based MCPI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Gail India NSE -0.06 % is the frontrunner in what is now a two-pony race for JBF Petrochemicals, with the public sector gas transmission company comfortably trumping its rivals at the close of the second round of bankruptcy auctioning for the debt-laden borrower. Gail&#8217;s \u20b92,015-crore offer, translating roughly into a 60% haircut for all creditors, remained comfortably ahead of those by a consortium of Oil and Natural Gas Corp (ONGC NSE 1.22 %)-Indian Oil Corp (IOC NSE 0.61 %), and the Kolkata-based MCPI.<\/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-525044","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\/525044","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=525044"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/525044\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=525044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=525044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=525044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}