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RIL in race for Gujarat terminal

Reliance Industries-BP combine, Indian Oil Corp (IOC), Oil and Natural Gas Corp (ONGC) and GAIL are among the 8 firms in race to buy 25% stake in a LNG import terminal being planned at Mundra in Gujarat.

business Updated: Aug 09, 2013 23:39 IST
Hindustan Times

Reliance Industries-BP combine, Indian Oil Corp (IOC), Oil and Natural Gas Corp (ONGC) and GAIL are among the 8 firms in race to buy 25% stake in a LNG import terminal being planned at Mundra in Gujarat.

Reliance-BP have bid for the stake through their equal joint venture India Gas Solutions.

Gujarat State Petroleum Corp (GSPC) had invited expression of interest in the 5 million tonnes a year liquefied natural gas (LNG) terminal.

First Published: Aug 09, 2013 23:35 IST