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Nifty ends above 5300, gain over 2% this weekFebruary 03 2012 16:25
Petronet LNG plans Rs.23 bn capex for Dahej port
MUMBAI (makemystocks): Petronet LNG (BOM:532522) is reported to be planning to invest Rs.23 billion towards installation of additional two storage tanks at its LNG receiving and regasification terminal in Dahej, Gujarat.
The company stocks rose over 2.7% in the afternoon trades on BSE today.
According to media reports, with addition of the two more storage tanks, the total capacity of the Dahej terminal of the company will rise up to 15 million tonnes per annum (mtpa) from the present 10 mtpa. The company has four tanks at present.
Reports further suggested that Petronet LNG has initiated talks with the Gujarat state government for the expansion plan. The company would fund the expansion through internal accruals along with debt financing, reports suggest.
The company stocks rose over 2.7% in the afternoon trades on BSE today.
According to media reports, with addition of the two more storage tanks, the total capacity of the Dahej terminal of the company will rise up to 15 million tonnes per annum (mtpa) from the present 10 mtpa. The company has four tanks at present.
Reports further suggested that Petronet LNG has initiated talks with the Gujarat state government for the expansion plan. The company would fund the expansion through internal accruals along with debt financing, reports suggest.
