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Gail to Invest $63 Million in Heating Unit at Ratnagiri LNG Terminal
Sentiment: NeutralMedium Priority
What Happened?
Gail India is investing ₹600 crore ($63.1 million) to build a heating unit at its Ratnagiri LNG terminal, expected to be completed by June 2027. This will enable the terminal to operate at full capacity of 5 million tons per annum.
Key points
- The heating unit will help gasify super-chilled fuel.
- Currently, the terminal is operating at about 50% capacity.
- The facility was previously using waste heat from another power plant.
- Gail is also constructing a small captive power plant for the LNG facility.
Key insights
- The completion of the heating unit may lead to increased LNG throughput.
- Improved capacity could position Gail more competitively in the energy market.
- The project reflects ongoing investments in India's energy infrastructure.
Why it matters
This investment could enhance the operational efficiency of the Ratnagiri LNG terminal.
Entities
Gail India· OrganizationRatnagiri LNG· Location
Source
Business Standard
