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Indian Oil, GAIL sign MoU for equity stake in Dhamra LNG terminal

Indian Oil, GAIL sign MoU for equity stake in Dhamra LNG terminal

Indian Oil Corporation Limited and GAIL (India) Limited have signed an MoU with Dhamra LNG Terminal Private Limited (DLTPL) for taking equity in the 5 MMTPA capacity LNG receiving, storage and re-gasification terminal being set up at Dhamra Port, Odisha. The agreement was signed in New Delhi in the presence of Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.

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Adani to set up IL&FS captive port in Tamil Nadu

Adani to set up IL&FS captive port in Tamil Nadu

IL&FS is planning to set up a captive port in the district of Cuddalore in Tamil Nadu. The port will be developed and run by Adani Port, say sources. Sources said Adani Group will construct and run the port. The port project cost is estimated to be around `300 crore.

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Business Acumen

Business Acumen

Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.