APSEZ signs regasification pact with GAIL for Dhamra Port

The contract is for regasification capacity of 1.5mn tonne annually for a period of 20 years, the company said in a statement.

Jul 26, 2018 01:07 IST India Infoline News Service

Adani Ports and Special Economic Zone
Adani Ports and Special Economic Zone (APSEZ) has signed a contract with state-run GAIL India for regasification capacity of 1.5mn tonne annually for a period of 20 years at Dhamra port, the company said in a statement.

The agreement is for Adani’s upcoming LNG import terminal at the port located in the eastern state of Odisha. The terminal is expected to be commissioned during the second half of 2021.

Adani Ports & Special Economic Zone share price ended at Rs400, up Rs2.5, or 0.63%, from its previous close of Rs397.50 on the BSE.

The scrip opened at Rs397.70 and touched a high and low of Rs401.75 and Rs394.75, respectively. A total of 36,22,119 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs82,838.07cr.
Source: Bloomberg

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