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GAIL India starts supplying gas to Wanfeng Group's Rewari plant

30 Jun 2016 Evaluate

GAIL India has started supplying gas to the India unit of the world’s largest automotive aluminium wheel producer Wanfeng Group. The supply of gas to Wanfeng Aluminimum Wheels’ plant at Rewari in Haryana has commenced on June 27.

The Rewari plant is the first overseas manufacturing facility of the Chinese company. Wanfeng has invested about $50 million in the plant which will have an annual production capacity of 3 million motorcycle wheels.

GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.

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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