BPCL,ONGC's Rs 5bn Mangalore LNG terminal on hold
Bharat Petroleum Corp Ltd (BPCL) and Oil and Natural Gas Corp Ltd (ONGC) proposed jointly to develop Mangalore LNG terminal has reportedly put on hold.
Senior executives of both the companies said that how far the two partners could sell the fuel in the domestic market is under doubts. As we are thinking whether the Rs 5,000-crore regasification plant is viable.
R K Singh, Chairman and Managing director of BPCL was quoted as saying, “The LNG terminal project is very much on the table and we have not scrapped it.”
The company could also use Petronet LNG Ltd’s (PLL’s) regassification terminal at Kochi for importing gas, as BPCL is an equity holder in PLL, Singh added.
Turn your smartphone into a powerful mobile trading platform - Know more!!!
India Infoline Research Team / 10:30, Jul 13, 2015
Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14