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…
Latest posts by Livemint (see all)
- NCLAT adjourns hearing over JSW’s bid for Bhushan Power and Steel - October 22, 2018
- Reliance To Decide Site To Build India’s First Pod Taxi Prototype - October 22, 2018
- Railways On The Right Track In States With JV Projects - October 19, 2018