GAIL has big investment planned up for the future

GAIL has big investment planned up for the future

GAIL (India) Ltd has announced that they have plans to invest around 2,500-3,000 crore in the next financial year. The company would be investing this money in laying pipelines and expanding the capacity of its petrochemical plant.

The company further added that their capital expenditure in the current year is expected to be Rs 1,400 to Rs 1,700 crore. Some of the projects undertaken by the company include the Dahej-Uran pipeline and the Dabhol-Panvel pipeline.

The project to lay down the Dabhol-Panvel pipeline was recently cleared by GAIL’s board and this is expected to be complete by the end of the current year. This project is expected to cost around Rs 1,200 crore.

GAIL has further plans to invest close to around Rs 700 crore in expanding the capacity of its Pata petrochemical plant in UP from 3,10,000 tonnes per annum to 4,50,000 tpa by December, 2006.