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SP Ports, HPCL to form JV for Rs 50 bn project

SP Ports, HPCL to form JV for Rs 50 bn project

SP Ports Pvt Ltd and Hindustan Petroleum Corp (HPCL) would soon sign a 50:50 joint venture agreement for setting up a liquid natural gas (LNG) terminal at Chhara in Gujarat. The state-run HPCL and the Shapoorji Pallonji group company would invest about Rs 5,000 crore on the terminal project, which is intended to

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HPCL to set up 5 mn tpa LNG terminal in Chhara

HPCL to set up 5 mn tpa LNG terminal in Chhara

Media reports suggest that Hindustan Petroleum Corp (HPCL) identified Chhara in Gujarat's Junagadh district to set up a liquefied natural gas (LNG) import terminal in a joint venture with SP Ports, a unit of Shapoorji Pallonji Group. The Rs 5,000 crore terminal project would be executed by both the firms through a 50:50 joint vent