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GAIL signs pact with Kerala for developing gas infra

16 Sep 2009 Evaluate

State-run GAIL India has signed a memorandum of understanding (MoU) with Kerala to develop natural gas infrastructure and city gas distribution network in the state. It also seeks to set up a joint venture for marketing of gas or CNG to domestic, industrial and transport sectors.

 

GAIL and KSIDC would initiate a joint exercise for immediate assessment of demand for natural gas in the state. The two would also conduct techno-economic studies for laying pipelines to demand centres and setting up city gas distribution network in towns.

     

The GAIL board has already approved laying of 1,114-km Kochi-Kanjirkkod-Mangalore-Bengaluru pipeline at an estimated cost of Rs 3,032 crore. The pipeline can carry 16 million standard cubic meters of gas per day. 

    

In phase-1 of the project, 94 km pipeline will be laid from Kochi to Alwaye to connect Petronet LNG's upcoming liquefied natural gas (LNG) import terminal at Kochi to market in the region. The pipeline being laid at an investment of Rs 267.50 crore is scheduled to be completed by 2011-12.     

 

A 1018-km pipeline will be laid from Alwaye to Kanjirrkkod, Mangalore, Palghat and Bengaluru in phase-II at an investment of Rs 2,764.50 crore by 2012-13. GAIL will also be laying 1,389-km Dabhol-Bengaluru pipeline at an investment of Rs 4,543.4 crore and will be connected to the Kochi-Kanjirkkod-Bengaluru pipeline.

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GAIL India Share Price

154.05 1.90 (1.25%)
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Company Name CMP
GAIL India 154.05
Gujarat Gas 323.70
Indraprastha Gas 161.35
Mahanagar Gas 1073.80
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