Ambani's pipeline sale to Brookfield approved by oil regulator
Billionaire Mukesh Ambani has won the oil regulatorâs approval for selling his loss-making natural gas pipeline to Canadian investor Brookfield. The 1,400-kilometre pipeline from Kakinada in Andhra Pradesh to Bharuch in Gujarat was made a decade ago. However, the pipeline has been operating at less than 5% of its capacity as output from RIL's KG-D6 block fell sooner than expected.