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GAIL's JV gets capital approval for North East Gas Grid project

09 Jan 2020 Evaluate

Cabinet Committee on Economic Affairs (CCEA) has approved capital grant of 60% of Rs 9,265 crore for the North East Gas Grid project, which is implemented by IGGL, a Joint Venture company of five CPSEs (GAIL, IOCL, ONGC, OIL and NRL) to give a major boost to development of natural gas grid in North East India.

The total length of the pipeline is planned to be 1,656 km and will be built at estimated cost of Rs 9,265 crore (Including interest during construction). It will cover eight states of the North-Eastern region i.e., Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.

The North East Gas Grid will get the natural gas supply from GAIL’s Barauni – Guwahati pipeline, which is a part of Jagdishpur - Haldia and Bokaro - Dhamra Natural Gas Pipeline Project, popularly known as ‘Pradhan Mantri Urja Ganga’.

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) 168.70
Gujarat Energy 223.90
Indraprastha Gas 145.00
Mahanagar Gas 1050.00
Adani Total Gas 577.85
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