8It looks like the promoter has dropped this refinery expansion project
No reason however was assigned

L&T had a pipeline replacement (PRP-VII) project going with ONGC
8It entailed 350 km subsea pipelines in 39 pipeline segments:, 29 full-segment replacements., 10 part-segment replacements., 38 km of chemical injection pipelines. Topsides modifications for 72 structures. Demolition of 9 redundant risers. Surveys and engineering modifications around the B-193 platform.
8How far has it gone so far?

GAIL seems to be in a bit of a spot when it comes to the Indian gas market
8It does not have enough gas floating around to market
8And what is more, it is now forced to buy expensive gas
8So it is bad news all-around for the gas major

A spate of PNGRB's decisions have stirred up a hornet's nest of troubles everywhere
8Trust has been lost and key stakeholders no longer seem to trust the regulator anymore
8Some court battles are on
8And allegations of favoritism are rampant
8There are conflicts of interest galore
8Here is a full tabulation of what's going wrong
8Clearly, the regulator has to work hard to be seen as honorable

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8A movement in today's price is witnessed

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