{"id":407751,"date":"2021-03-30T10:38:08","date_gmt":"2021-03-30T05:08:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407751"},"modified":"2021-03-30T10:38:08","modified_gmt":"2021-03-30T05:08:08","slug":"hpcl-to-buy-out-shapoorji-pallonji-groups-share-in-gujarat-lng-terminal-jv","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-to-buy-out-shapoorji-pallonji-groups-share-in-gujarat-lng-terminal-jv\/","title":{"rendered":"HPCL to buy out Shapoorji Pallonji Group\u2019s share in Gujarat LNG terminal JV"},"content":{"rendered":"<p>NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd ( HPCL) will buy out the share of its joint venture partner SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being set up at Chhara in Gujarat.<\/p>\n<p>SP Ports Pvt. Ltd is a unit of the Mumbai-based Shapoorji Pallonji Group, with the JV HPCL Shapoorji Energy Pvt. Ltd setting up the LNG re-gasification terminal. The venture with a 50:50 equity participation by HPCL and SPPPL is building the terminal at a cost of around Rs5,411 crore.<\/p>\n<p>According to a filing with the BSE on Sunday, HPCL said, it \u201chas entered into a share purchase agreement dated March 27, 2021 (&#8220;Share Purchase Agreement&#8221;) for acquisition of 50% of the paid-up equity share capital of the Target Entity from SP Ports Private Limited.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd ( HPCL) will buy out the share of its joint venture partner SP Ports Pvt. Ltd (SPPPL) in the 5 million metric tonnes per annum LNG re-gasification terminal, that is being set up at Chhara in Gujarat. SP Ports Pvt. Ltd is a unit of the Mumbai-based Shapoorji Pallonji Group, with the JV HPCL Shapoorji Energy Pvt. Ltd setting up the LNG re-gasification terminal. The venture with a 50:50 equity participation by HPCL and SPPPL is building the terminal at a cost of around Rs5,411 crore. According to a filing with the BSE [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-407751","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407751"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407751\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}