Adani offers 49% stake in project to GAIL, IOCL
According to reports, Indian multinational conglomerate Adani Group has offered 49% stake in its ₹5,000 crore Dhamra liquefied natural gas (LNG) project in Odisha to state-owned gas utility GAIL India and oil refiner IOCL. Under the project, five million tonnes a year LNG import terminal is planned at Dhamra by 2018-19. The two firms have agreed to take the stake.