Paradip Port inked pact with GAIL for Setting Gas Terminal at Paradip

Oct 27, 2013 16:42 IST

Paradip Port Trust on 26 October 2013 inked an initial pact with public sector pipeline operator GAIL (India) for setting up a liquefied natural gas terminal at Paradip at a joint investment of 3108 crore rupees.

GAIL seeks to set up the project with a capacity of 4.8 million ton per annum in phase one by 2017 with a storage capacity of 170000 cubic meters. This will require a total investment of 3108 crore rupees out of which Paradip Port would invest 650 crore rupees in breakwater and dredging and the rest of 2458 crore rupees would be invested by GAIL.

The government aims to bring out Indian ports on par with the best international ports in terms of performance and capacity. Paradip Port is located in the coastal district of Jagatsinghpur in Odisha. It is about 100 km from state capital Bhubaneswar, is one of the major ports of India serving the eastern and central parts of the country.

Is this article important for exams ? Yes37 People Agreed
Read more Current Affairs on: Paradip port , GAIL , Gas terminal

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK