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GAIL bags pipeline laying work contracts for another 131 km in Kerala

02 May 2017 Evaluate
Carrying forward the momentum for Natural Gas pipeline works in Kerala, GAIL (India) has awarded Contracts for Pipeline Laying works of the Kochi - Koottanad - Mangaluru Pipeline for another 131 km section from Areacode (Malappuram) to Kurumathoor (Kannur) at a cost of approximately Rs 200 crore. The balance 111 km stretch in Malappuram, Kannur and Kasargod districts will be awarded by July 2017. 

Construction works from both the ends of the Kochi - Koottanad Mangaluru Pipeline i.e., in the 91 km Kochi - Koottanad Section as well as in the 105 km Perole (Kasargod) - Mangaluru Section are already in full swing. With this award of contracts, over 75% of the Kochi - Koottanad - Mangaluru Pipeline will be in the Construction Phase.
 
GAIL (India) is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

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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