Representatives of the group held discussions with Uzbekistan government officials in August, including Investment, Industry and Trade Minister Laziz Kudratov, over the proposed projects
The project is also expected to create business opportunities for local contractors, suppliers, transport operators and service providers during its development and operation
The IPO will be entirely an offer for sale by Torrent Investments, with no fresh issue of shares. As a result, Torrent Gas will not receive any proceeds from the public offering
Adani Enterprises submitted three applications for urea projects. Gallantt Ispat applied for a direct reduced iron and syngas project, while NTPC proposed a synthetic natural gas project
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
The acquisition has been completed and does not fall under related-party transactions. No government or regulatory approval is required for the transaction
The proposed project will comprise an alumina refinery with a capacity of nearly 4 million tonnes per annum (MTPA), an aluminium smelter of around 2 MTPA
