Petronet LNG floats JV with Adani for port  

Petronet LNG Ltd (PLL) on Sunday formed a joint venture (JV) with Gujaratbased Adani group for setting up a Rs 1,150-crore solid cargo port in Dahej Special Economic Zone in Gujarat. The agreement for the 50:50 JV, called Adani Petronet (Dahej) Pvt Ltd, was signed by PLL's MD and CEO Prosad Dasgupta and Adani group chairman Gautam Adani, a company release said here. "The two phases of the project is likely to cost around Rs 1,150 crore on a debt/equity ratio of 70:30,?? the release said.

Source: The Economic Times, New Delhi, September 4, 2006
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