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GAIL to spend Rs 45,000 crore for creating infra for gas-based economy

22 Jan 2020 Evaluate

GAIL India is planning to invest over Rs 45,000 crore over the next five years to expand the National Gas Pipeline Grid and city gas distribution network to help push for greater use of environment-friendly fuel.

The company’s push for the creation of infrastructure is in line with Prime Minister Narendra Modi's vision of creating a gas-based economy that is less reliant on polluting fuels for meeting its energy needs.

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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