Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.
Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Sri Lanka and Bangladesh among other countries. Falling spot LNG prices have boosted consumption of the fuel in India and triggered demand for LNG infrastructure in countries long shut out of the gas trade.
Union Oil Minister M Veerappa Moily informed that India may have LNG re-gasification capacity of over 50 million tonne per annum (mtpa) by 2016-17 with a supply of 198 million standard cubic metre per day. Currently, India has 18.6 mt of re-gasification capacity - 10 mt terminal at Dahej and 3.6 mt plant at Hazira in Gujarat
During 2012-13, profit of Adani Ports and Special Economic Zone rose 44 percent to Rs 1,608 crore from Rs 1,117 crore in the previous year. The sharp rise in profit is attributed to the 29 percent rise in coal handling by the port, the company said in a press release. The country's largest private port operator, which operates two ports at Mundra and Dahej, both in Gujarat, witnessed 40 percent rise in revenue to Rs 3,841 crore from
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 percent as domestic production fails to keep pace with growth in demand. Recently, the country's biggest liquid gas importer Petronet LNG has notched up a world record by offloading its 1,000th shipload at its Dahej terminal. This is the first for a
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
Recently, Petronet LNG (PLL) signed an agreement with the Gujarat State Petronet to allot 1 Million Tonne Per Annum (MTPA) of capacity in its natural gas re-gasification terminal at Dahej. PLL agreed to allot the capacity to the firm for a period of 20 years starting from 2016
Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering