Comments
Fernas Construction India Pvt Ltd has signed an MoU with the Gujarat Government pledging an investment of $1 billion (Rs 5,300 crore) over a period of four years for setting up a new LNG terminal at Okha in Jamnagar district.
According to a release, Fernas India, a 100 per cent owned subsidiary of Turkey’s Fernas Inc., will set up a joint venture with the Mumbai-based Swarn Energy for floating the LNG storage and re-gasification unit.
Fernas and Swarna have signed the MoU as joint venture partners during the Vibrant Gujarat Global Summit.
The MoU was signed by Engin Nasiroglu, Vice-Chairman, Fernas Construction, in the presence of Gujarat Chief Minister Narendra Modi and Pankaj Kumar, Vice-Chairman & CEO, Gujarat Maritime Board.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.