Petronet LNG is now also diversifying into different segments like power, port development etc., which is expected to generate value over a period of time. The company has received in-principle approval from its Board for a 1,200MW gas based power plant at an investment of over Rs.3,000cr. The plant is expected to be 10% more efficient as it will harness the cold energy from re-gasification. Petronet’s Kochi expansion is on-way and is expected to commence operations by early 2012. The company has also invested around Rs150cr for a Solid Cargo port project at Dahej
Wednesday, June 11, 2008
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