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This is an archive article published on March 14, 1999

Southern LPG shifts base

HALDIA, MAR 13: Southern LPG Ltd of Chennai, which had to drop its proposed project for a floating storage and an onshore terminal in Pon...

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HALDIA, MAR 13: Southern LPG Ltd of Chennai, which had to drop its proposed project for a floating storage and an onshore terminal in Pondicherry after it was caught in a political crossfire, has decided to shift it to West Bengal.

The company is planning an onshore terminal at Raichak near Calcutta and a 150-metre pipeline in the Hooghly riverbed connected with the tank for offloading LPG. The company was named Southern LPG since it had originally planned its project in south India. It was incorporated on March 4, 1994 with a total equity base of Rs 10 crore.

Southern LPG is promoted by four companies. Two of them belong to the Hong Kong-based group of Mundogas 8212; Mundogas India Ltd and Southern LPG Investors Ltd 8212; and the other two are Mauritius-based corporate bodies from the GEEPEE group 8212; PSL Investments Ltd and International Lighterage Ltd.

 

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