The Hiranandani Group has drawn up plans to invest about Rs 3,000 crore to set up four-million-tonne (mt) liquefied natural gas (LNG) terminal at Haldia in West Bengal, a move that will help the Mumbai-based group cater to the needs of the eastern India market.

In October last year, Business Standard had reported about the group’s plan to set up an LNG terminal in the east, but details of the project were not divulged at that time, as a feasibility study was going on. “Now, we have got the feasibility report in place for the terminal at Haldia in the middle of the ocean with a capacity of 4 mt. It will see an investment of about Rs 3,000 crore,”