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GAIL India inks interconnection agreement with Indradhanush Gas Grid

31 Jul 2023 Evaluate

GAIL India and Indradhanush Gas Grid (IGGL) have signed an interconnection agreement to connect the North East Gas Grid (NEGG) of IGGL with the Barauni Guwahati Pipeline (BGPL) of GAIL. The interconnection agreement will facilitate connection of the NEGG with the BGPL at three locations - Jalpaiguri in West Bengal and Baihata and Panikhaiti in Assam.

The interconnection agreement will pave the way for making the NEGG a part of the National Gas Grid. The pipeline for interconnection will be laid by GAIL at an estimated cost of Rs 15.16 crore. The amount will be reimbursed by IGGL to GAIL.

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.


Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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