Financing of Upcoming Petrochemical Project
A REPORT ON
FINANCING OF UPCOMING PETROCHEMICAL PROJECT: “A CASE STUDY IN PROJECT FINANCE IN ONGC WITH SPECIAL EMPHASIS ON FUNDING THROUGH EXPORT CREDIT AGENCIES”
By Name of Student Enrollment No.: IBS, Hyderabad
Submitted to Dr. Nitin Gupta, Asst. Professor, ICFAI Business School, Hyderabad
Summer Internship Report 2009
A REPORT ON
FINANCING OF UPCOMING PETROCHEMICAL PROJECT: “A CASE STUDY IN PROJECT FINANCE IN ONGC WITH SPECIAL EMPHASIS ON FUNDING THROUGH EXPORT CREDIT AGENCIES”
Submitted by Puneet Goyal 08BSHYD0597 IBS, Hyderabad
Project undertaken in OIL AND NATURAL GAS CORPORATION LTD.BD & JV GROUP 16th May 2009 Page 2
Summer Internship Report 2009
AUTHORIZATION This is to certify that this report is submitted in partial fulfillment of the requirements of MBA program of ICFAI Business School (IBS), Hyderabad. This report document titled: “Financing of upcoming Petrochemical Project – A Case Study in Project Finance in ONGC with special emphasis on funding through Export Credit Agencies” is done by Puneet Goyal as part of the completion of the study at ONGC during his Internship program under the guidance of Mr. Sarto Miranda DGM Finance ONGC.
Page 3
Summer Internship Report 2009
ACKNOWLEDGMENT I would like to express my profound gratitude to all those who have been instrumental in the preparation of my project report. To start with, I would like to thank the organization Oil and Natural Gas Corporation (ONGC) for providing me the chance to undertake this internship study and allowing me to explore the area of finance which was totally new to me and which would prove out to be very beneficial to me in my future assignments, my studies and my career ahead. I wish to place on records, my deep sense of gratitude and sincere appreciation to my company guide and mentor, Mr. Sarto Miranda, DGM1 Finance ONGC, BD&JV2 Group who suggested and prepared the frame work of the project. I
FINANCING OF UPCOMING PETROCHEMICAL PROJECT: “A CASE STUDY IN PROJECT FINANCE IN ONGC WITH SPECIAL EMPHASIS ON FUNDING THROUGH EXPORT CREDIT AGENCIES”
By Name of Student Enrollment No.: IBS, Hyderabad
Submitted to Dr. Nitin Gupta, Asst. Professor, ICFAI Business School, Hyderabad
Summer Internship Report 2009
A REPORT ON
FINANCING OF UPCOMING PETROCHEMICAL PROJECT: “A CASE STUDY IN PROJECT FINANCE IN ONGC WITH SPECIAL EMPHASIS ON FUNDING THROUGH EXPORT CREDIT AGENCIES”
Submitted by Puneet Goyal 08BSHYD0597 IBS, Hyderabad
Project undertaken in OIL AND NATURAL GAS CORPORATION LTD.BD & JV GROUP 16th May 2009 Page 2
Summer Internship Report 2009
AUTHORIZATION This is to certify that this report is submitted in partial fulfillment of the requirements of MBA program of ICFAI Business School (IBS), Hyderabad. This report document titled: “Financing of upcoming Petrochemical Project – A Case Study in Project Finance in ONGC with special emphasis on funding through Export Credit Agencies” is done by Puneet Goyal as part of the completion of the study at ONGC during his Internship program under the guidance of Mr. Sarto Miranda DGM Finance ONGC.
Page 3
Summer Internship Report 2009
ACKNOWLEDGMENT I would like to express my profound gratitude to all those who have been instrumental in the preparation of my project report. To start with, I would like to thank the organization Oil and Natural Gas Corporation (ONGC) for providing me the chance to undertake this internship study and allowing me to explore the area of finance which was totally new to me and which would prove out to be very beneficial to me in my future assignments, my studies and my career ahead. I wish to place on records, my deep sense of gratitude and sincere appreciation to my company guide and mentor, Mr. Sarto Miranda, DGM1 Finance ONGC, BD&JV2 Group who suggested and prepared the frame work of the project. I