Shell-GDF to acquire 26% stake each in GAIL LNG terminal
OIL & GAS

Shell-GDF to acquire 26% stake each in GAIL LNG terminal

Oil firm Shell and GDF Suez will acquire 26 per cent stake each in GAIL India Ltd-Æs proposed floating LNG import terminal at Kakinada in Andhra Pradesh, while Andhra Pradesh Gas Distribution Corp (APGDC) - a JV of GAIL Gas and Andhra Pradesh Gas Infrastructure Corp (APGIC), will hold the remaining 48 per cent. Andhra Pradesh Government is pushing for an early start of work on the 3.5 mtpa floating storage and regasification unit (FSRU) off the Kakinada coast.

Contact: GAIL India.
Tel: 011-2617 2580.
Website: www.gailonline.com

Oil firm Shell and GDF Suez will acquire 26 per cent stake each in GAIL India Ltd-Æs proposed floating LNG import terminal at Kakinada in Andhra Pradesh, while Andhra Pradesh Gas Distribution Corp (APGDC) - a JV of GAIL Gas and Andhra Pradesh Gas Infrastructure Corp (APGIC), will hold the remaining 48 per cent. Andhra Pradesh Government is pushing for an early start of work on the 3.5 mtpa floating storage and regasification unit (FSRU) off the Kakinada coast. Contact: GAIL India. Tel: 011-2617 2580. Website: www.gailonline.com

Next Story
Infrastructure Urban

BharatBenz Launches New Mining Range to Support India’s Infra Growth

Chennai, India: The Indian construction and mining equipment sector is set to grow significantly, projected to increase from $16 billion to $45 billion by 2030. To support this expansion, Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, has launched its all-new BharatBenz Construction and Mining range. This range includes the HX and Torqshift series models, designed to meet the critical demand for reliable, high-performance vehicles as large contractors modernise their fleets and invest in owned assets.The HX and Torqshift series have undergone rigorous ..

Next Story
Infrastructure Transport

Astrophel Aerospace Raises Rs 6.84 Cr to Develop Reusable Rocket Engine

Astrophel Aerospace, a Pune-based deep-tech space startup, has raised INR 6.84 Crore (USD 800,000) in a pre-seed funding round led by a consortium of angel investors and venture firms. The funds will be used to develop a reusable semi-cryogenic launch vehicle and scale the company's R&D to create missile-grade guidance systems and components. Astrophel Aerospace aims to have a working prototype ready for testing within 24 to 36 months.This funding comes at a pivotal moment, with India’s space sector poised for growth due to the Gaganyaan mission, Axiom-4, and the upcoming Space Activitie..

Next Story
Infrastructure Energy

Cooper Corp and Sinfonia Launch India’s First CPCB IV+ Certified LPG Genset

The partnership culminates in the launch of the ‘Daimon Genset,’ India’s first CPCB IV+ certified 10 kVA LPG genset. This groundbreaking product sets a new benchmark in efficient and sustainable power generation and will be exclusively manufactured by Cooper Corporation. It will be marketed both in India and internationally, marking a major step towards technological progress, energy efficiency, and environmental responsibility.The model CSG-0010L-IN genset, branded ‘DAIMON’ in India, is named after the town where Sinfonia Technology is headquartered. In Japan, the product will be so..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?