A consortium of the UK-based Foresight Group and Mumbai-based Padmanabhan Mafatlal Group will develop the world’s first CNG Terminal at an estimated cost of Rs 4,000 crore near Bhavnagar port in Gujarat.
The foundation stone for the ambitious CNG Terminal project with a cargo capacity to handle 1.5 million metric tonne per annum (MMTPA) will be laid by Prime Minister Narendra Modi on Thursday. The project would be developed on a public-private-partnership (PPP) model along with Gujarat Maritime Board (GMB) which is managing the Bhavnagar Port currently.
