Foresight Group, which has shown interest in the Shipping Corporation of India (SCI), wants to make a global LNG carrier out of the state-run ship operator, said the London and Dubai-based company’s founder Ravi Mehrotra.
The shipping and oil-drilling company has submitted an expression of interest (EoI) for the carrier. If it makes it to the subsequent stages, it aims to fund the bid via family trust money, its consortium partners and private equity funds, Mehrotra told ET.
He said the government’s aim to increase natural gas consumption in the country presented an opportunity for the SCI to focus on this segment. Natural gas currently accounts for 6.2% of India’s energy consumption and the government aims to increase it to 15%.
