GAIL to invest over Rs 1 lakh crore
State-run GAIL will invest Rs 1.05 lakh crore ...
State-run GAIL will invest Rs 1.05 lakh crore in the next five years for expanding pipelines and city gas distribution network, among other infrastructure development, its new Chairman and Managing Director Manoj Jain said in February. Speaking to reporters, the newly-appointed GAIL chief also said that the public sector energy company will also invest the amount in enhancing its petrochemical production capacity.
Jain said that the company has planned a capital expenditure of of Rs 45,000-50,000 crore in laying pipelines, Rs 40,000 crore for city gas distribution (CGD) business and Rs 10,000 crore for exhancing the petrochemical capacity expansion