The
Essar
Group
exited
the
venture
for
the
5
million
tonne-per
annum
project
in
Gujarat
state,
where
it
had
held
a
25%
stake.
GSPC
holds
50%
equity
in
the
Mundra
terminal,
with
Adani
Enterprises
holding
the
remaining
25%.
The
venture
is
now
seeking
“strategic
investors”
to
replace
the
Essar
Group
as
it
strives
to
complete
the
project
by
2015-2016,
a
senior
official
told
India’s
Business
Line.
It
hopes
to
seal
a
partner
or
partners
for
the
stake
within
a
year.
As
Upstream
reported
last
month,
the
venture
has
kicked
off
an
international
competitive
tender
for
engineering,
procurement
and
construction
of
the
regasification…
