[vc_row][vc_column][vc_column_text]The Indian Oil Board has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG Ltd, which is setting up a 5 mtpa LNG Terminal at Mundra Port in Gujarat. GSPL LNG Ltd is a joint venture of Gujarat State Petroleum Corporation and Adani Enterprises Ltd.
The LNG terminal, to be commissioned in the fourth quarter of 2017-18, will have receipt, storage and re-gasification facilities for LNG and will be connected to Gujarat State Petronet Ltd’s existing pipelines network at Anjaar (Gujarat). The estimated cost of the Mundra LNG Terminal is approx. Rs 5,040 crore.[/vc_column_text][/vc_column][/vc_row]
