The JNPT LPG terminal was announced in Dec 2023 for 600Cr, and then by Jul 2024 the cost was raised up to 750Cr.
After 1 year, the JV partners have discontinued the JV, and have walked out. I looked at the GB and Confidence Balance Sheets and do not see any huge increase in CWIP. I see a 83Cr increase in Loans and Advances in GB balance sheet.
Does anyone have details what is the capital contribution of each JV partner? And what is the borrowings for this JV? Are there any details on this, or this never took off?
Also just to verify, Was any ground work done on the JNPT land for the LPG terminal? From google maps, I could not locate any LPG cryogenic sphere structure coming up in the GB Tank farm, all seem to be liquid cylinders. For Aegis Mangalore project you can see the LPG cryogenic spheres pictures in this post.
