Petronet anchors with Adani for Dahej cargo port

Petronet LNG (Q, N,C,F)* (PLL) has signed a joint venture agreement with the Adani Group for setting up a solid cargo port at the Dahej SEZ, reports Business Line.

The joint venture has already been incorporated as Adani Petronet (Dahej), in which the initial equity ratio would stand at 50:50. The two phases of the project are likely to cost Rs 11500 million, with a debt-equity ratio of 70:30 and is expected to be completed within a 36-months period .

The first phase would include one berth, while two additional berths and full mechanisation of the port would be executed in the second phase on the plot of land identified in the Dahej SEZ besides PLL`s LNG terminal. The solid cargo port would have the facilities to import and export coal, steel, and fertilisers.

Source:, New Delhi, September 1, 2006
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