Petronet LNG, Adani Group In JV

Petronet LNG Ltd and Adani Group on Friday signed a joint venture agreement for building solid cargo port at Dahej in Gujarat. A PLL release said, the solid cargo company has already been incorporated as ?Adani Petronet (Dahej) Pvt Ltd in which PLL and Adani Group would hold 50% each. The project will be executed in two phases and is likely to cost around 1150 crore on a debt-equity ratio of 70:30. To be completed in 36 months, the solid cargo port would have the facilities to import/export coal, steel, fertilizer etc.

Source: The Financial Express, New Delhi,September 2, 2006
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