GAIL proposes Rs 5,887 cr investment
Sources said Petroleum Ministry wants GAIL to first tie- up gas supplies and downstream customers before beginning work on the pipeline projects.
By PTI |
NEW DELHI: State-run GAIL (India) Ltd has submitted a Rs 5,887 crore plan to lay a nationwide gas grid over the next five years. The company recently submitted plans to the Petroleum Ministry to lay within next five years eight trunk lines, official sources said.
The trunk lines proposed include Auriya-Jagdishpur- Haldia pipeline, Dadri-Nagal line, Kakinada-Hyderabad, Bangalore-Kochi and Bangalore-Chennai line, Myanmar-Mizoram- Assam-Bihar pipeline, Kolkata-Kakinada-Chennai line and Dabhol-Bangalore-Kochi line.
Sources said Petroleum Ministry wants GAIL to first tie- up gas supplies and downstream customers before beginning work on the pipeline projects.
GAIL says the grid would supply natural gas to West Bengal, Bihar and Orissa, along with industries near Bangalore, Chennai, Cochin and Hyderabad.
Industry sources said the company was talking to Reliance Industries, Oil and Natural Gas Corp (ONGC), Gujarat State Petroleum Corp (GSPC) and Cairn Energy to transport gas found in Bay of Bengal to markets in the north and west.
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