Gail (India) is planning to borrow up to Rs 7,000 crore in FY24 to fund the Rs 10,000 crore capital expenditure plan for this fiscal. Even though FY23 was not good for internal resource generation, it invested Rs 9,100 crore, which was 15 per cent higher than the budgeted levels.
At present, the company's overall long-term debt stands at Rs 9,800 crore, and the new bank borrowings will be for a tenor of over five years. The company is also contemplating entering into the ethane cracker, but the plans are still on the drawing board.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
