LNG Transportation
Petronet, India's largest gas importer, seeks 120 billion rupees loan
Saurav Mitra said on Monday that India's largest gas importer, Petronet LNG is seeking a local currency loan of 120 billion rupees (about $1.4billion) to finance the expansion of an existing plant. The cost to build a petrochemical facility in Gujarat, a western Indian state, is 206.85 billion dollars. Mitra stated that Petronet plans to spend 300 billion rupies in the coming years. The majority of this money will be spent on a petrochemical plant. He said that the capital expenditures for 2026-2027 would be greater than the estimated 50 billion rupees for the current fiscal period to March 2026....