London-based Foresight Group has clinched a deal to build vessels and terminals for a new compressed natural gas (CNG) project in the Middle East and India.
The Ravi Mehrotra-owned company said it is teaming up with Mumbai's family owned chemicals group Padmanabh Mafatlal Group and Dutch shipowner Royal Boskalis Westminster.
The $500m scheme involves constructing a CNG terminal and other cargo terminals at New Port Bhavnagar in Gujarat, as well as an export facility in the Middle East.
