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GAIL to expand pipeline network by 50% in three years

12 Sep 2018 Evaluate

GAIL is planning to expand its pipeline network capacity by about 50% by constructing 5,500-kilometers of new lines in the next three years. The company is also looking at setting up 400 CNG stations and giving out a record 10 lakh piped natural gas (PNG) connections to household kitchens.

The company is rapidly building infrastructure to support the government push towards a gas-based economy by raising the share of natural gas in the energy basket to 15% from current 6.2%, in next few years.

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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