The Tata groups plan to exit the hydrocarbon sector as part of its business restructuring plan, and has thus put up Tata Petrodyne assets for sale. Photo: Bloomberg
Mumbai: Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.
As part of a group restructuring, Tata plans to exit the hydrocarbon sector. Tata Petrodyne has participating interest in four oil and gas blocks in India and one each in Indonesia and Tanzania.
According to the first of the two persons cited above, who said he was approached by Tata Petrodyne, the company hasnt been able to generate interest in its blocks as it does not hold a majority stake in any of them.
Besides, it has cl…
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