Shares of Gail (India) advanced nearly 4%, touching the weekly high of Rs367.70, on reports that the company plans to commission liquefied natural gas ( LNG) terminal at Dabhol in Maharashtra in the first week of April
Dabhol LNG terminal will be commissioned on the first week of April with the first cargo of spot liquefied natural gas expected to arrive at the Maharashtra port on March 27,' as per the report suggests quoting Gail India chairman BC Tripathi.
GAIL, which owns 31.52% stake in Ratnagiri Gas and Power Co Ltd -- the firm that owns the 1967 MW power plant and adjacent 5 million tons a year LNG import terminal --, has contracted a shipload of gas ( LNG) to commission the facility, added report.
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Dabhol LNG terminal will be commissioned on the first week of April with the first cargo of spot liquefied natural gas expected to arrive at the Maharashtra port on March 27,' as per the report suggests quoting Gail India chairman BC Tripathi.
GAIL, which owns 31.52% stake in Ratnagiri Gas and Power Co Ltd -- the firm that owns the 1967 MW power plant and adjacent 5 million tons a year LNG import terminal --, has contracted a shipload of gas ( LNG) to commission the facility, added report.
....more info