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Gail proposes to set up 5,500 km gas connectivity over 2-3 years

13 Dec 2010 Evaluate

Gail India has proposed to set up 5,500 km of gas connectivity over the next two-three years investing $4 billion. The company has planned to add 1,000 km of gas connectivity every year and in another two-three years and will be laying gas connectivity to around 5,500 km across the country.

Gail is in the process of laying additional pipelines in the Dadri-Bawana-Nangal and Chainsna-Jhajjar-Hissar region so as to serve the Northern market. In Southern region, pipelines were also laid in Kochi-Bangalore-Mangalore and Dabhol-Bangalore so as to serve the Kerala, Karnataka and Tamil Nadu market. Targeting the eastern region, the company has also planned to lay a pipeline connecting Haldia-Jagdishpur soon.

At present there were around 170MMSCMD natural gas flowing in the country and considering a demand of 225MMSCMD in 2010 the demand-supply gap is expected to increase by 2015-2016. India has about 11,000 km of pipeline network with majority of the pipelines of 7,500 km being owned by Gail India.crackcrack

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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