Shell says will expand investments in India


Royal Dutch Shell Plc. will be committing further investments in India after its February merger with BG Group Plc., a spokesperson for the oil and gas company said.

Shell has so far invested around $1 billion in its India operations.

A Shell India spokesperson said by email, “We have a long history in India and have consistently looked to expand our investments. I can assure that our overall approach towards investment in India remains positive.”

Shell announced its merger plans with BG Group in April 2015 and completed the same in February 2016.

On Monday, Shell India announced the appointment of Nitin Prasad as its new chairman after Yasmine Hilton retires in September.

Shell is one of the few international oil companies in India present in the downstream and midstream segments. With BG Group’s assets in tow, Shell becomes an upstream player too through the Panna Mukta and Tapti (PMT) oil and gas fields where Shell now partners Oil and Natural Gas Corp. Ltd (ONGC) and Reliance Industries Ltd (RIL).

Click here for more…