GAIL plans Rs 300 billion capex over three years

In a notable development, GAIL (India) Limited has planned a capital expenditure of Rs 300 billion for the development of pipelines, ongoing petrochemical projects, CGD projects, operational capex, and equity contribution in group companies over a period of three years. The company’s total capital expenditure for 2022-23 was Rs 100 billion. Besides, GAIL has recently issued an expression of interest to explore equity acquisition in LNG terminals through 1 million tonne per annum LNG tie-up from the USA.