India: Hiranandani to invest $538.3m in oil and gas business in diversification bid

India: Hiranandani to invest $538.3m in oil and gas business in diversification bid

Crude oil. Photo: Bloomberg

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai developer who built the iconic 250-acre Hiranandani Gardens township in suburban Powai.

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