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FPJ Exclusive: Maharashtra govt drops plans to import oxygen
AFP Photo
Mumbai: The Maharashtra government will not explore the option of importing 25,000 metric tonnes of oxygen but will instead focus on ramping up supply from various states and also by setting up generation plants.
âIn response to its global tender issued on April 27, the government has received a response from Spain for the supply of oxygen at Rs 49 per cubic metre and after factoring in Rs 25-30 per cubic metre towards related costs, the oxygen will be available at around Rs 80 per cubic metre. This is not a workable and feasible proposition and the government has therefore decided against it. Therefore, the state government now plans to procure it from various states as per the allotment by the Centre,ââ said a senior bureaucrat involved in the process of oxygen procurement.
Synopsis
Embassy Industrial Parks a 70-30 joint venture between Warburg Pincus and Embassy has total 22 million sq ft logistics assets across India s major consumption centers including metros.
Being one of the largest owners of warehousing spaces globally, the group is moving swiftly to create a large portfolio in India and market watchers say that it is in advanced talks with developers to acquire and build warehousing assets
Private equity major Blackstone Group has acquired Embassy Industrial Parks at an enterprise valuation of Rs 5,250 crore from Warburg Pincus and Embassy Group in the largest yet logistics and warehousing deal in the country.
Embassy Industrial Parks – a 70-30 joint venture between Warburg Pincus and Embassy – has 22 million square feet logistics assets across the country’s major consumption centres, including metros.