{"id":407929,"date":"2021-03-30T11:11:01","date_gmt":"2021-03-30T05:41:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=407929"},"modified":"2021-03-30T12:18:29","modified_gmt":"2021-03-30T06:48:29","slug":"hpcl-to-buy-off-shapoorji-from-joint-venture","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-to-buy-off-shapoorji-from-joint-venture\/","title":{"rendered":"HPCL to buy off Shapoorji from joint venture"},"content":{"rendered":"<p>Cash-strapped Shapoorji Pallonji Group is selling its stake in SP Ports Private Ltd (SPPPL) to joint venture partner HPCL for an undisclosed sum. It had entered into a joint venture with the state-owned refiner to set up a 5 million tonnes per annum LNG re-gasification terminal, which is being set up at Chhara in Gujarat. <\/p>\n<p>SP Ports Private Ltd is a unit of Mumbai-based Shapoorji Pallonji Group, with JV HPCL Shapoorji Energy Private Ltd setting up the LNG re-gasification terminal. The venture is building the terminal at a cost of around Rs 5,411 crore. The sum received from HPCL would help the SP Group lower its debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash-strapped Shapoorji Pallonji Group is selling its stake in SP Ports Private Ltd (SPPPL) to joint venture partner HPCL for an undisclosed sum. It had entered into a joint venture with the state-owned refiner to set up a 5 million tonnes per annum LNG re-gasification terminal, which is being set up at Chhara in Gujarat. SP Ports Private Ltd is a unit of Mumbai-based Shapoorji Pallonji Group, with JV HPCL Shapoorji Energy Private Ltd setting up the LNG re-gasification terminal. The venture is building the terminal at a cost of around Rs 5,411 crore. The sum received from HPCL would [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-407929","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407929","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=407929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/407929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=407929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=407929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=407929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}