Modi’s Houston visit may seal major energy deal


Modi’s Houston visit may seal major energy deal

Prime Minister Narendra Modi’s upcoming agenda-heavy US visit may start a new phase of corporate relations between major energy companies of the two countries.

According to industry sources, an energy major of India Inc may finalise a deal to pick up equity stake in a US-based Fortune 500 oil company. Reliance Industries (RIL), Adani, and Vedanta are among the companies with significant investment in the oil and energy segment.

RIL, Vedanta Cairn or Adani may take up a stake in an American oil major, sources said.

CEOs of 16 leading American companies will attend the roundtable with the Prime Minister in Houston on Saturday, including Baker Hughes, BP, Cheniere Energy, Dominion Energy, Emerson Electric Company, ExxonMobil Read More

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