HPCL LNG Limited

HPCL LNG Limited (HPLNG), formerly HPCL Shapoorji Energy Private Limited (HSEPL), was incorporated on 15 October 2013 as a 50:50 joint venture between Hindustan Petroleum Corporation Limited (HPCL) and SP Ports Private Limited (SPPPL). It became a 100% subsidiary of HPCL on 30 March 2021 after HPCL acquired SPPPL's 50% stake, and was renamed HPCL LNG Limited effective 10 September 2021. The company is formed for the development, construction and operation of a greenfield LNG terminal with associated facilities for receipt, unloading, storage and regasification of LNG and supply of regasified LNG to the gas grid. The terminal is being developed at Chhara Port in Gir-Somnath District, Gujarat, with a capacity of 5 MMTPA. The company has its registered office in Ahmedabad, Gujarat, and corporate office in Mumbai, Maharashtra.

HPCL LNG Limited (HPLNG) was incorporated on 15 October 2013 as HPCL Shapoorji Energy Private Limited (HSEPL), a 50:50 joint venture between Hindustan Petroleum Corporation Limited (HPCL) and SP Ports Private Limited (SPPPL). On 30 March 2021, HPCL acquired SPPPL's 50% stake, making the company a 100% subsidiary of HPCL. Effective 10 September 2021, the company's name was changed to HPCL LNG Limited following the change in corporate structure. The company was formed to develop, construct and operate a greenfield LNG terminal at Chhara Port with associated facilities for receipt, unloading, storage and regasification of LNG and supply of regasified LNG to the gas grid. The terminal is being developed with a capacity of 5 MMTPA at Chhara, District Gir-Somnath, Gujarat. The company's registered office is in Ahmedabad, Gujarat, and its corporate office is in Mumbai, Maharashtra.

Developer and operator of a greenfield LNG import and regasification terminal intended to supply regasified LNG to the gas grid and support increasing natural gas share in India's energy mix.

• Regasified LNG

  Supply of regasified LNG to the gas grid.

• 2021.03.27

  Reported2021.03.29

  HPCL agrees to acquire HSEPL shares from S P Ports[5]HPCL agrees to acquire HSEPL shares from S P Portsfreepressjournal.in

  Hindustan Petroleum Corporation Limited entered into a share purchase agreement to acquire 50% of HPCL Shapoorji Energy Private Limited from S P Ports Private Limited. The acquisition was expected to be completed by March 31, 2021.

Read more

1. 1HPLNG : Homehplng.in
2. 2HPLNG : SUSTAINABILITYhplng.in
3. 3HPLNG : Abouthplng.in
4. 4HPLNG : About LNGhplng.in
5. 5HPCL agrees to acquire HSEPL shares from S P Portsfreepressjournal.in