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GAIL (India) places purchase order worth Rs 550 crore for 341 km of Line Pipes

23 Jun 2016 Evaluate

GAIL (India) has placed orders for purchase of 341 km of Line Pipes for the Phulpur - Haldia/Dhamra Natural Gas Pipeline on four companies at a total cost of Rs 550 crore. The Line Pipes for which the orders have been placed will be used in the Phulpur (Uttar Pradesh) - Dobhi (Bihar) section of the Pipeline and will be procured from Jindal Saw, MAN Industries (India), Essar Steel India and Zhongyou BSS (Qinhuangdao) Petropipe Company, China.

The 1,681 km Phulpur - Haldia/Dhamra Pipeline will be completed in three phases at a cost of Rs 12,000 crore and cover eastern Uttar Pradesh, Bihar, Jharkhand, Orissa and West Bengal. The first phase at a project cost of Rs 3,200 crore and will cover 755 km and include Phulpur -Mani, Mani - Gorakhpur, Mani - Varanasi, Mani - Dobhi, Dobhi - Silao, Silao - Patna and Silao-Barauni sections. Pipeline laying works for Spurlines from Gaya- Barauni - Patna in Bihar are already in progress.

Subsequent phases of the 16 MMSCMD Pipeline will cover major cities including Gorakhpur, Varanasi, Patna, Barauni, Bokaro, Ranchi, Rourkela, Paradip, Bhubaneshwar, Cuttack, Durgapur, Kolkata and Jamshedpur and nearby areas through 30/24 Mainline and Spurlines.


GAIL India Share Price

166.50 -0.95 (-0.57%)
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Peers
Company Name CMP
GAIL India 166.50
Gujarat Gas 396.55
Indraprastha Gas 166.25
Mahanagar Gas 1171.95
Adani Total Gas 633.70
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