GAIL Board Clears Over ₹12.55 Billion Investment To Expand Gas Pipeline Network

GAIL (India) Ltd.'s board has approved an investment of over ₹12.55 billion to expand its natural gas pipeline network across the country, the company said in multiple stock exchange filings on Monday.

Of this, ₹8.44 billion will be spent over the next three years to increase the combined capacity of the Dahej-Uran-Panvel-Dabhol and Dadri-Panipat pipelines to 22.4 million standard cubic metres per day, up from 19.9 mscmd currently. These pipelines presently transport around 15 mscmd of natural gas on average.

The company has also revised the cost of its 1,702-km Mumbai-Nagpur-Jharsuguda pipeline project to ₹82.55 billion, a 5.2% increase from the previous estimate of ₹78.44 billion. The project completion deadline has been extended to September 30 from June 30.

Meanwhile, the completion timeline for the 744-km Srikakulam-Angul pipeline has been pushed to December. Although the main pipeline is ready, a 56-km stretch of the spur pipeline is pending due to delays in forest clearance, GAIL said.