ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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CEMENT-Concessions Round the Corner

Lastly, officials in the government expect the international firms to invest considerable risk money in off-shore exploration. This was not forthcoming in the first two rounds and even though the prospects are brighter and terms and conditions more liberal, it is doubtful whether this will take place in the third round. Could it be that exploration and production of crude oil in India is at present not relatively profitable for the western oil cartel?

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