Gail to list Gail Gas; plans Rs 54,000 crore capex in 2-3 years
Updated : May 29, 2019 07:02 AM IST
The Maharatna firm has planned a capital expenditure of Rs 54,000 crore, which it will spend over the next two-three years in laying of the gas pipeline network that will feed households and industries such as fertiliser plants.
Out of this, Gail plans to invest Rs 12,000 crore in city gas distribution networks to retail CNG to automobiles and piped natural gas to households in towns such as Varanasi and Patna.
He said that apart from Bengaluru and Meerut, Gail Gas is now supplying gas to Mangalore, Rourkela, Cuttack, Bhubaneshwar and big cities like Varanasi, Patna, Jamshedpur, Bhopal among others.