New Delhi, March 05, 2021: London/Dubai-based Foresight Group which has shown an interest in Shipping Corp of India (SCI) wants to make a global LNG carrier out of the state-run ship operator, its founder said Thursday.
The shipping and oil-drilling company has submitted an expression of interest for the carrier. If it makes it to the subsequent stages it aims to fund the bid via family trust money, its consortium partners and PE funds, Ravi Mehrotra told ET.
Foresight is one of several entities including Great Eastern (GE) Shipping, a consortium comprising Prem Watsa’s Fairfax and the UAE’s Safe Seas and Anil Agarwal’s
Foresight has submitted an EOI in consortium with Belgium listed shipping company – Exmar N.V and Dubai-based shipping company GMS DMCC.
Mehrotra started his shipping carer with SCI in 1964 as a marine engineer. He was deputed by the Indian government to spear-head Iran-o-Hind, SCI’s joint venture with the government of Iran from 1974 to 1984. He left SCI in 1984 to start the Foresight Group from London according to the reports published in economictimes.indiatimes.com.
In September 2020, Foresight got an approval to develop a $500 million compressed natural gas terminal at the Bhavnagar Port in Gujarat.
