In a bid to meet growing energy needs of the country, GAIL India, state owned gas utility is planning to double capacity of Dabhol LNG terminal to 10 million tonne. The terminal, which will take about 45-days to be fully commissioned, is expected to operate at less than 60% of capacity in the absence of a breakwater, which guard ships against high tides. In the absence of breakwater, the terminal may not be able to operate during four monsoon months beginning May-end. The breakwater is likely to be constructed in 2013-14 after which the LNG terminal will become fully operational.
GAIL holds 31.52% stake in Ratnagiri Gas and Power Co -- the firm that owns the 1,967 MW power plant and adjacent 5 million tonne a year LNG import terminal. The power plant and LNG terminal were originally built by now bankrupt US energy major Enron Corp. Ratnagiri Gas and Power Co (RGPPL) took over the project in 2005 after the Enron's bankruptcy. The LNG terminal was 80% complete when RGPPL took over the plant.
| Company Name | CMP |
|---|---|
| GAIL India | 158.20 |
| Gujarat Gas | 367.00 |
| Indraprastha Gas | 167.70 |
| Mahanagar Gas | 1138.00 |
| Adani Total Gas | 623.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: