GAIL plans InvIT for two gas pipelines

GAIL plans to launch an InvIT for its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing vertical. These pipelines are the Dahej-Uran-Panvel-Dabhol pipeline and the Dabhol-Bengaluru pipeline. GAIL will retain the majority stake in the pipelines that run from Dahej in Gujarat to Dabhol in Maharashtra and from there to Bengaluru in Karnataka. The InvIT may involve selling 10-20 per cent stake initially. The two pipelines proposed for the InvIT had incurred over Rs 30 billion  in expenditure.

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