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IOCL Board approves taking upto 50% equity in GSPL LNG Ltd

The Board of Indian Oil Corporation Ltd has approved acquisition of upto 50% equity in GSPL LNG Ltd., which is setting up a 5-MMTPA LNG Terminal at Mundra Port in Gujarat. The approval is subject to due diligence which would be carried out in due course.

By Whispers in the Corridors 1 min read

The Board of Indian Oil Corporation Ltd has approved acquisition of upto 50% equity in GSPL LNG Ltd., which is setting up a 5-MMTPA LNG Terminal at Mundra Port in Gujarat. The approval is subject to due diligence which would be carried out in due course.

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