Union Minister for Petroleum and Natural Gas Marpadi Veerappa Moily has stated that work on the new LNG (liquefied natural gas) import terminal at Mangalore will begin in next November. A feasibility study on the terminal is being carried out by a consortium of ONGC, BPCL, Mitsui and New Mangalore Port Trust (NMPT).
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Eton invests $125 million in JSW's port business
Eton Park Capital Management, a global multi-disciplinary investment organisation, will invest upto $125 million in acquiring equity of Jindal Group’s JSW Infrastructure (JSWIL).