GAIL India to spend $63 million on Ratnagiri heating unit
In short
GAIL India plans to invest $63 million, or about 6 billion rupees, in a heating unit at its Ratnagiri LNG terminal.
The work is expected to finish by June 2027 and should let the terminal run at full capacity of 5 million tonnes per year. It is still not clear if the total project cost could change.
What the reporting says
GAIL India will invest $63 million, or about 6 billion rupees, in a heating unit at its Ratnagiri LNG terminal, with completion expected by June 2027. The project is meant to let the terminal run at its full 5 million tonnes per annum capacity, after operating at about 50% without the heating unit. A captive power plant is also being built, but the sources do not say if costs could change.
Why it matters
GAIL India plans to invest $63 million, or about 6 billion rupees, in a heating unit at its Ratnagiri LNG terminal, with completion targeted for June 2027. The project is expected to allow the terminal to operate at its full 5 million tonnes per annum capacity, versus about 50% now without the heating unit. A captive power plant is also under construction to generate heat for the facility.