IOC eyes stakes in LNG terminals at Mundra, Dahej and Dighi.

Public-sector oil giant IndianOil Corporation (IOC) has said it plans to acquire stakes in liquefied natural gas (LNG) terminals at Mundra and Dahej in Gujarat and Dighi in Maharashtra.

'We are looking at taking stakes in terminals at Mundra, Dahej and Dighi,' said A K Marchanda, executive director, business development, Indian Oil Corporation.

IOC is looking at a 25 per cent stake in the Rs. 5,200-crore LNG project in Mundra, which is being set up by Gujarat State Petroleum Corporation (GSPC).

In Dahej, Petronet LNG Ltd., India's largest importer of liquefied natural gas (LNG), operates an LNG terminal with a capacity of 10 million tonnes a year, which is expected to increase 15 million tonnes at an estimated cost of Rs. 2,950 crore by end-2016.

The eight-million-tonne LNG terminal at Dighi port in Maharashtra is being set up by Mumbai-based Hiranandani Group.

IOC, India's biggest retailer of fuel for transport and industrial purpose, caters to almost half the country's demand.

BS