French energy giant Total SA is in talks to buy up to half of Adani Group’s stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects, sources privy to the development said.
The French firm is keen on investing in fast growing gas market in India and finds Adani a suitable vehicle as it owns the crucial downstream infrastructure, they said.
Adani holds 25 per cent stake in just-completed 5 million tonnes a year liquefied natural gas (LNG) import terminal at Mundra. It is also building a similar capacity LNG import terminal at Dhamra in Odisha at a cost of Rs 51 billion Read more
Latest posts by indiatvnews (see all)
- Fuel prices continue to spiral; petrol costs Rs 70.13/litre in Delhi, Rs 75.77/litre in Mumbai - January 14, 2019
- WPI inflation falls to 4.64% in November on easing food, petro prices - December 15, 2018
- Fuel prices slashed further; Petrol cheapest in 8 months, diesel 3 months | Check revised rates here - December 2, 2018