Hiranandani Energy Arm H-Energy May Sell Up To 20% Stake In LNG Project

Hiranandani Energy Arm H-Energy May Sell Up To 20% Stake In LNG Project

The Hiranandani group is planning to sell up to a 20% stake in its liquefied natural gas (LNG) project at Jaigarh in Maharashtra, two people aware of the matter said.

H-Energy Pvt. Ltd, the energy arm of the real estate developer, is building the project across two phases.

“H-Energy is seeking partners in its LNG terminal. It may offload anywhere up to a 20% stake,” said an investment banker aware of the development. He spoke on condition of anonymity as he is not authorized to talk to the media.

H-Energy is building two LNG terminals: one in Jaigarh and the second, a floating LNG import terminal off Haldia, West Bengal. Read More…

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