Petronet LNG tie up with Adani Group for Solid Cargo Port  

Petronet LNG Limited and Adani Group on Friday signed JV agreement for building Solid Cargo Port at Dahej in the state of Gujarat. The Solid Cargo Company has already been incorporated as "Adani Petronet (Dahej) Pvt. Ltd." in which the initial equity ratio from PLL and Adani Group would be 50 : 50. The two phases of the project is likely to cost around 1150 crores on a debt / equity ratio of 70:30. The project is likely to be completed within a period of 36 months. The Solid Cargo Port would have the facilities to import / export coal, steel, fertilizer, etc.

Source: The Pioneer, New Delhi, September 2, 2006
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