In a significant development, the Gujarat government has issued a letter of intent (LoI) to a consortium of three companies for the world’s first CNG terminal at Bhavnagar port. The three companies are the UK’s Foresight Group, a Netherlands-based company and the Mumbai-based Padmanabh Mafatlal Group. The CNG terminal has been approved at an investment of Rs 19 billion and will have a capacity of 1.5 mtpa.
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