New Delhi: The country’s largest gas company GAIL India Ltd. It will invest Rs 1.05 lakh crore in gas-based infrastructure facilities over the next five years.
The new chairman and managing director of the company, Manoj Jain, said on Monday that the amount will be invested on pipeline expansion, urban gas distribution network and petrochemical production capacity.
Jain said that as per the government’s goal of increasing the share of natural gas in the country’s energy sector from 6.2 per cent to 15 per cent of the current, it would be possible to deliver this fuel to consumers in the eastern and northeast regions and south India through gas pipelines. The plan is.
“We have plans to invest Rs 45,000 to 50,000 crore on pipeline laying, Rs 10,000 crore on petrochemical capacity expansion and Rs 40,000 crore on urban gas distribution business (CGD),” Jain told reporters here.
Jain said that GAIL currently operates 12,160 km of gas pipeline network. Two-thirds of all natural gas sold in the country is marketed by GAIL. He said that GAIL would add another 7,000 km of pipeline in the next five years. The company is expanding liquefied natural gas (LNG) import capacity. GAIL has a stake in Petronet LNG, the country’s largest liquid gas importer. Apart from this, the company also operates a 5 million tonne LNG import plant in Dabhol, Maharashtra.
