Indian Oil Corp (IOC) is in talks to buy 26 per cent stake in Gujarat State Petroleum Corp´s (GPSC) almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat.
The 5 million tonnes a year import terminal, the third facility in Gujarat for import of natural gas in its liquid form in ships, is nearing completion and GSPC is keen to exit the project completely.
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