RNRL in fray to hire LPG terminal

MUMBAI: Anil Ambani firm RNRL has joined the fray to lease Ratnagiri Gas and Power���s liquefied natural gas (LNG) terminal.

Ratnagiri Gas & Power MD AK Ahuja told ET: ���Eight companies, including RNRL, have submitted expression of interest (EoI). We will invite bids in a couple of months.��� Other contenders include RIL, NTPC, Indian Oil, GMR and Essar Oil. Mr Ahuja said the LNG terminal, which is adjacent to the company���s power plant in Maharashtra, may be leased out to more than one contender.

Ratnagiri Power will operate and maintain the terminal for the re-gasification, while the winning bidder will manage transportation and distribution. The terminal will have an initial capacity of one million tonne by October that is expected to increase by five-fold in three years.