GAIL plans to call off contracts worth Rs 270 crore with IL&FS: Report

18 Jan 2019

GAIL India is reportedly planning to call off Rs 270 crore pipe laying contracts with IL&FS. Due to its financial crisis IL&FS is unable to pay its subcontractors and suppliers, which in turn delaying the project. The company is planning to take away the two contracts from IL&FS and award these to others for speedy completion of the project.

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.

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