GSPC-Adani Group JV to invest Rs4,000 crore in Mundra LNG terminal

09 Aug 2011

1

Gujarat State Petroleum Corporation Ltd (GSPC) and the Adani Group will jointly invest Rs4,000 crore to develop an LNG import terminal at Mundra, alongside Adani Group's port and SEZ.

The 50:50 joint has received the state government's approval and the LNG terminal, the third in the state after Dahej and Hazira, is expected to be ready in the next three years.

The terminal will have an initial capacity to import five million tonnes per annum of LNG and the two partners hope to start work on the much-delayed project soon.

The project will have a debt-equity ratio of 70:30, sources said.

The LNG project was originally proposed as a tripartite project with 33 per cent stake each for GSPC, Essar Group and the Adanis.

The Adanis had signed an MoU with the state government during the Vibrant Gujarat event in 2007.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers