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30/01/2017 10:52 AST
Abu Dhabi's National Marine Dredging Company said it has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat.
India's emerging energy entity, Swan LNG Private Limited (SLPL) is developing the country's first all-weather floating storage and regasification unit (FSRU)-based LNG import terminal in Gujarat at an estimated cost of $800 million.
On completion, it will have an initial capacity of 5 million metric tonnes per annum (MMTPA), expandable up to 20 MMTPA.
HH Sheikh Mohammed Bin Zayed Al Nayan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, launched the project during his recent three-day India visit.
He was there as the Chief Guest for India's 68th Republic Day Celebration at New Delhi on January 26.
This project award has set a new milestone in strategic relationship between India and UAE.
The Indian arm of NMDC, National Marine & Infrastructure India Private Limited (NMIIPL) has already begun construction on the project and targets to complete the project within three years, said a company spokesman.
"We are proud to be a part of India's next generation LNG import facility. We ensure that this world class infrastructure will be engineered with the highest paradigms of safety, environment, compliance, reliability and quality," he added.
Trade Arabia
01/05/2025
NMDC Group on Wednesday reported that it achieved 22 per cent year-on-year increase in net profit for the first quarter, from Dh641 million in Q1 2024 to Dh784 million in Q1 2025.
Revenues c
Khaleej Times
19/06/2017
National Marine Dredging Company said on Sunday it has approved subscription to 100 million shares in Arabtec Holding with a total value of Dh100 million.
The subscription was for shares in
Gulfnews
08/03/2016
National Marine Dredging Co said its board has recommended to pay a dividend of 50 per cent dividend or 50 fils per share for 2015.
This would result in an outgo of Dh250 million, the comp
Gulfnews
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| PAPER | 175.00 | -7.00 (-3.85 |
| ALPHADHABI | 11.44 | 0.26 (2.32 |
| ADNOCLS | 4.69 | 0.00 (0.00 |
| SALIK | 5.79 | 0.06 (1.04 |
| ADPORTS | 3.98 | 0.08 (2.05 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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