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Solid Cargo Port by Petronet LNG Limited alongwith Adani Group

Petronet LNG Limited and Adani Group today signed Joint Venture Agreement for building Solid Cargo Port at Dahej in the state of Gujarat. The SolidCargo Company has already been incorporated as "Adani Petronet (Dahej) Pvt. Ltd." in which the initial equity ratio from PLL and Adani Group would be 50 : 50. The two phases of the project is likely to cost around 1150 crores on a debt / equity ratio of 70:30. The project is likely to be completed within a period of 36 months. The Solid Cargo Port would have the facilities to import / export coal, steel, fertilizer, etc. The Solid Cargo Port Phase I would include one berth and 2 nd Phase would have two additional berths with full mechanization of the Port. Land for the project has already have identified in the area of Dahej SEZ next to PLL's LNG terminal. The financial closure for the project is targeted to be achieved by the end of this year.

Source: Date: September 2, 2006
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