IOC may quit plan of buying stake in Mundra LNG terminal: Report
Indian Oil Corporation (IOC) may quit its plan to buy 50% stake in the Mundra LNG terminal in Gujarat, according to a report. Earlier, in August 2017, the company has received an in-principle approval from its board to acquire 50% stake in the 5 million tonnes per annum terminal (mtpa) for around Rs 750 crore.
The Mundra LNG terminal is designed to have a berth for receiving LNG tankers and storage tank facilities for regasification and gas evacuation.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.