Petronet LNG Ltd, a consortium promoted by state-owned energy firms, has decided to double the capacity of a proposed liquefied natural gas (LNG) terminal at Puthuvypu, near Kochi in Kerala, from 2.5 million tonnes (mt) to 5 mt. Expanding capacity would entail an additional investment of about Rs. 450 crore from the previous estimation of Rs. 3700 crore.
The terminal is expected to be commissioned by March 2012. The firm had tied up a 1.5-tonne LNG supply agreement with ExxonMobil Australia and is in talks with other LNG suppliers.
GAIL (India) Ltd, Oil and Natural Gas Corp. Ltd, Indian Oil Corp. Ltd and Bharat Petroleum Corp. Ltd each hold 12.5% in Petronet, while 10% is held by GDF International Co. Ltd, 5.2% by the Asian Development Bank and 34.8% by the public.crackcrack
Company Name | CMP |
---|---|
GAIL India | 199.95 |
Petronet LNG | 304.55 |
Linde India | 8244.10 |
Confidence Petroleum | 84.95 |
Refex Industries | 150.75 |
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