In a bid to complete the many on-going projects, state-run gas utility GAIL India is planning to invest Rs 9,000 crore in the next fiscal. Out of total invested amount, most will be used for laying more pipelines and expansion of its petrochemicals project at Pata in Uttar Pradesh.
In the current fiscal, Gail had planned a similar capital expenditure, but is likely to end the year with a spending of Rs 6,500 crore only.
GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
