Essar consortium forays into LNG business, bags Haldia terminal project

Plans to develop solution to tap requirements of primary, secondary hinterland with evacuation route

Essar Group has forayed into the liquefied natural gas (LNG) business by winning the bid for development of an LNG terminal with associated storage and distribution facilities at the Haldia Dock Complex under the Kolkata Port Trust (KoPT). 

Bids for setting up of the LNG project through tender-cum-auction-basis were invited earlier this year. An industry source said Essar Ports, in consortium with Ultra LNG and Essar Shipping, had emerged as the highest bidder in the project. 

Petronet LNG and V Energy were other bidders for the project. Investment on the project is estimated at Rs 425-450 crore. The project, with