State-owned gas utility GAIL India Ltd will invest over Rs 45,000 crore over the next five years to expand the National Gas Grid and city gas distribution network, its chairman Ashutosh Karnatak said on Tuesday.
“At present, your company is expanding the natural gas pipeline network by executing more than 5,700 kilometers of major projects,” Karnatak said at the company’s annual general meeting of shareholders here.
GAIL currently operates 11,000-km of pipeline network and markets two-thirds of all natural gas sold in the country.
“Investments worth over Rs 45,000 crore are envisaged in coming few years, across major cross country pipeline projects along Urja Ganga Project, Koch-Kootanad-Bangalore-Mangalore, Indradhanush North East Gas Grid and other crucial pipelines connecting supply and demand centres envisaged under the National Gas Grid,” he said. Read More
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