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07-Dec2017

GAIL planning to increase capex by 55% in next fiscal: Report

GAIL (India) is reportedly planning to increase its capital expenditure (capex) to over 55 per cent in the next financial year. The company is planning a capex of Rs 6000 crore for pipelines in the financial year 2018-2019. This investment is to construct another 2,500 km gas pipelines by 2020.

Pipeline addition capital expenditure for the current financial year is expected at Rs 3,800 crore. This will include laying pipelines in East and South India. Kochi-Mangalore pipeline of 380 km length is already under execution.

GAIL India is India's principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.


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