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Gail to invest $63 million in heating unit at Ratnagiri LNG terminal

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Core Development: Gail to invest $63 million in heating unit at Ratnagiri LNG terminal
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Market & Financial Impact: The facility, due to be completed by June 2027, will enable the company to run the LNG terminal at its full capacity ‌of 5 million tons per annum
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Gail is also building a small size ‌captive power ​plant to generate ​heat for the liquefied natural gas facility | Photo: Bloomberg

Gail India is investing ₹600 crore ($63.1 ​million) to build a heating ​unit at its Ratnagiri LNG ‌terminal to help it gasify the super-chilled fuel, the company's business development director told reporters on Wednesday.

The facility, due to be completed by June 2027, will enable the company to run the LNG terminal at its full capacity ‌of 5 million tons per annum, RK Singhal said at an industry event.

The facility is operating at about 50% capacity as the heating unit is not ready, ​Singhal said.

The Ratnagiri facility was generating heat through the ‌waste of a power plant operated by another entity ​to ‌gasify the fuel. That plant is not ‌functional now, he said.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
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