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Meet the men who bid for most oil & gas blocks

When the bidding window closed on November 21, ATNRL was barely three days old

Shine Jacob & N Sundaresha Subramanian  |  New Delhi 

It was not a big corporate leader or a multi-national that emerged as the largest bidder in the recently concluded bidding round of small oil & gas contract areas. Bengaluru-based  start-up Akhil Teja Natural Resources (ATNRL) surprised many in the government and the petroleum sector with its bids for 17 blocks or half the total number that attracted bids. When the bidding window closed on November 21, ATNRL was barely three days old. Records with the ministry of corporate affairs (MCA) showed that the company floated by three principal shareholders Erubothu Akhil Teja, ...

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Meet the men who bid for most oil & gas blocks

When the bidding window closed on November 21, ATNRL was barely three days old

When the bidding window closed on November 21, ATNRL was barely three days old It was not a big corporate leader or a multi-national that emerged as the largest bidder in the recently concluded bidding round of small oil & gas contract areas. Bengaluru-based  start-up Akhil Teja Natural Resources (ATNRL) surprised many in the government and the petroleum sector with its bids for 17 blocks or half the total number that attracted bids. When the bidding window closed on November 21, ATNRL was barely three days old. Records with the ministry of corporate affairs (MCA) showed that the company floated by three principal shareholders Erubothu Akhil Teja, ... image
Business Standard
177 22

Meet the men who bid for most oil & gas blocks

When the bidding window closed on November 21, ATNRL was barely three days old

It was not a big corporate leader or a multi-national that emerged as the largest bidder in the recently concluded bidding round of small oil & gas contract areas. Bengaluru-based  start-up Akhil Teja Natural Resources (ATNRL) surprised many in the government and the petroleum sector with its bids for 17 blocks or half the total number that attracted bids. When the bidding window closed on November 21, ATNRL was barely three days old. Records with the ministry of corporate affairs (MCA) showed that the company floated by three principal shareholders Erubothu Akhil Teja, ...

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Business Standard
177 22