Asian Paints
2953.5 -0.90
Cipla
1508 -8.60
Eicher Motors
7081.5 -31.00
Nestle India
1241.9 -17.00
Grasim Inds
2720.3 -14.70
Hindalco Inds.
816.3 9.45
Hind. Unilever
2448 -29.80
ITC
400.5 -0.45
Trent
4188.2 -38.30
Larsen & Toubro
3988 -42.50
M & M
3649.4 -67.10
Reliance Industr
1538.8 -7.50
Tata Consumer
1140 -22.20
Tata Motors PVeh
356.85 -4.90
Tata Steel
166.92 -0.86
Wipro
254.69 4.52
Apollo Hospitals
7184 -58.00
Dr Reddy's Labs
1280.7 5.50
Titan Company
3817.8 -68.00
SBI
951.05 -16.25
Shriram Finance
828.1 -15.30
Bharat Electron
403.95 -9.10
Kotak Mah. Bank
2146.1 3.70
Infosys
1578.7 17.70
Bajaj Finance
1021.4 -4.10
Adani Enterp.
2189.8 -49.80
Sun Pharma.Inds.
1806.7 7.20
JSW Steel
1143.6 -18.40
HDFC Bank
1000.5 10.70
TCS
3180 44.30
ICICI Bank
1391.5 18.50
Power Grid Corpn
268.45 1.00
Maruti Suzuki
16082 -157.00
Axis Bank
1270.7 12.70
HCL Technologies
1640.5 5.00
O N G C
240.02 -3.52
NTPC
322.95 -5.65
Coal India
375.25 -3.70
Bharti Airtel
2086 -18.00
Tech Mahindra
1541.7 5.00
Jio Financial
301 -3.85
Adani Ports
1497.7 -20.40
HDFC Life Insur.
751.95 -7.05
SBI Life Insuran
1972.8 -8.70
Max Healthcare
1086 -31.50
UltraTech Cem.
11591 -75.00
Bajaj Auto
9000.5 -85.00
Bajaj Finserv
2046 -19.90
Interglobe Aviat
5595.5 -102.00
Eternal Ltd
297.75 -2.80
Oil & Natural Gas Corporation (ONGC) and Petronet LNG (PLL) have entered into a 15-Years Ethane Unloading, Storage and Handling (USH) Services Binding Term Sheet (commencing between October ' December 2028 and ending on the fifteenth (15th) anniversary of the commencement date).
PLL is developing ethane unloading, storage and handling (USH) facilities with ethane storage tank capacity of approx. 1,70,000 Cubic Meters at Dahej, Gujarat. PLL is also constructing a unique third jetty at Dahej which will be capable of handling Ethane and Propane in addition to LNG.
As per the term sheet, ONGC shall reserve capacity of approximately 600 KTPA at PLL's Ethane storage and handling facilities at Dahej, Gujarat. PLL shall receive, store and handle Ethane sourced and imported by ONGC/its subsidiary or affiliate(s) at Dahej, Gujarat and re deliver Ethane to ONGC at the Delivery Point. The term sheet shall form basis for definitive agreements between the parties.
As per the commitments under the binding term sheet, PLL is expected to earn a gross revenue of about Rs 5,000 crore over the total contract duration of 15 years. The transaction under the said term sheet shall commence from FY 2028-2029. It represents a significant milestone in PLL's strategic vision to develop and offer ethane import infrastructure to third parties, thereby expanding its business portfolio beyond LNG and strengthening its position in India's petrochemical and energy value chain. PLL's under-construction unique third jetty will facilitate unloading, storage and handling ethane, propane and LNG at Dahej and will be f irst-of-its-kind in India which shall be made available for third-party imports. This step of PLL underscores its commitment for enabling growth of downstream industries such as Petrochemical sector through world-class import infrastructure for ethane and propane in addition to its existing LNG regasification infrastructure.
As part of its long-term strategy to ensure a reliable and consistent supply of ethane to ONGC Petro Additions Limited (OPaL), ONGC plans to procure and import ethane'via Very Large Ethane Carriers (VLECs) of approximately 100,000 CBM capacity'on long-term, short-term and spot basis. This agreement provides ONGC with assured capacity booking for the import of ethane to meet the feedstock requirements of OPaL. ONGC's subsidiary, ONGC Petro Additions Limited (OPaL), operates one of India's largest petrochemical complexes located at Dahej, Gujarat, which includes a world-scale ethylene cracker unit using ethane as the primary feedstock.
Powered by Capital Market - Live News