GAIL (India) inks pact with Tamil Nadu Industrial Development Corporation to create natural gas supply infrastructure in the State. It has signed a gas cooperation agreement with Tidco in the presence of the Tamil Nadu Chief Minister, J Jayalalithaa.
As per the deal, GAIL is going to create a gas pipeline infrastructure across the State. The agreement follows a previous MoU between the two in 2008 when GAIL and Tidco signed a pact to create a joint working group to assess the medium and long-term demand potential for gas and assess the infrastructure that needs to be created. GAIL was to handle the infrastructure creation, with Tidco, the State Government industry facilitator, playing a supportive role.
| Company Name | CMP |
|---|---|
| GAIL India | 167.45 |
| Gujarat Gas | 409.00 |
| Indraprastha Gas | 169.90 |
| Mahanagar Gas | 1180.15 |
| Adani Total Gas | 644.20 |
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