Dabhol Management, Maharashtra oppose plan to sell LNG terminal.

The Dabhol power project's management and promoters NTPC and the Maharashtra state government oppose the plan of lenders and the central government to sell the plant's liquefied natural gas terminal to pare its Rs. 8,500 crore debt.

The plan is unviable and onesided and only protects lenders' interests, putting an unfair financial burden on the promoters, according to the promoters.

NTPC and GAIL India own 32.74% each of Ratnagiri Gas and Power Pvt. Ltd. (RGPPL), while the Maharashtra State Electricity Board has a 16.94% stake. ICICI Bank, IDBI Bank, SBI and Canara Bank collectively hold 18.12%.



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