Essar to set up 2 LNG ports in 18 mnths, invest USD 500 mn

Ruias-owned Essar Ports is looking to invest around USD 500 million or over Rs 2,500 crore to set up one liquefied natural gas (LNG) terminal each on the western and eastern coasts in the next 18 months, a top company official said.

"Total investment in the first phase could be in the region of about USD 500 million," Rajiv Agarwal, managing director and chief executive of Essar Ports, told

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