Help Desk -
9958816305, 9810335381

GAIL to Invest INR 45,000 crore in Expansion of Pipelines

Gasoil News - Published on Thu, 22 Aug 2019

Image Source: GAIL
PTI, citing Mr Ashutosh Karnatak chairman of state-owned gas utility GAIL India Ltd, reported that GAIL will invest over INR 45,000 crore over the next five years to expand the National Gas Grid and city gas distribution network. Mr Karnatak said at the company's annual general meeting of shareholders, at present, your company is expanding the natural gas pipeline network by executing more than 5,700 kilometers of major projects. GAIL currently operates 11,000 kilometer of pipeline network and markets two-thirds of all natural gas sold in the country.

Mr Karnatak said that "Investments worth over INR 45,000 crore are envisaged in coming few years, across major cross country pipeline projects along Urja Ganga Project, Koch-Kootanad-Bangalore-Mangalore, Indradhanush North East Gas Grid and other crucial pipelines connecting supply and demand centres envisaged under the National Gas Grid."

Later talking to reporters, he said the investment would span over the next five years.

Of this, INR 32,000 crore would go into pipeline laying and another INR 12,000 crore in city gas distribution networks for retailing of CNG to automobiles and piped natural gas to household kitchens. Investments would also go into the expansion of petrochemical plants. GAIL is looking to put up 400 CNG stations and give out a record 10 lakh piped natural gas connections to household kitchens in the next 3-5 years.

Source :

Posted By : Sanju Moirangthem on Thu, 22 Aug 2019
Related News from Gasoil segment