The Essar Groupexited the venture for the 5 million tonne-per annum project in Gujarat state,where it had held a 25% stake.
GSPC holds 50% equityin 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 theproject by 2015-2016, a senior official told India’s Business Line. It hopes to seal a partner or partners for thestake within a year.
As
