Macquarie Infrastructure and Real Assets eyes Indian oil, gas pipeline assets

The company’s investment platforms are well-placed on capitalising the opportunity

Macquarie Infrastructure and Real Assets, MIRA, Non-core oil and gas assets, Oil storage facilities, Pipelines, Transmission facilities, Indian government, Slump in oil prices, Canada, Brookfield Asset Management, Reliance Industries, East West Pipeline, Infrastructure investment trust, GAIL India, Transmission business, Pipeline network

Macquarie Infrastructure and Real Assets (MIRA) is eyeing non-core oil and gas assets, like oil storage facilities, pipelines, transmission facilities as the Indian government is likely to divest them due to global slump in oil prices.

The company’s investment platforms, local teams are well-placed on capitalising the opportunity. MIRA raised about $61 billion in capital globally in 2019, and has poured $2.5 billion into India over the past decade.

Canada’s Brookfield Asset Management in 2019 acquired Reliance Industries’ East West Pipeline via an infrastructure investment trust for Rs 130 billion.

The government plans to split GAIL India’s transmission business into a separate entity so that it could sell to strategic investors. GAIL (India) owns more than 70% of the country’s 16,800 km pipeline network.

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