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GAIL (India) Ltd.
22 Mar 2017
157.96
-0.78%
GAIL pipeline project launches in Odisha

GAIL has officially started work on its project in Odisha for gas pipelines across Bhubaneshwar and Cuttack. This is part of the planned gas pipeline connecting five states - Uttar Pradesh, Bihar, Jharkhand, Odisha, and West Bengal, under the Pradhan Mantri Urja Ganga effort. The longest stretch of pipeline - 762 kilometres - is being built in Odisha. GAIL is implementing the pipeline and the CGD project, and has been entrusted with building the CGD network in seven cities - Kolkata, Bhubaneshwar, Cuttack, Varanasi, Patna, Ranchi,and  Jamshedpur. 

The Bhubaneshwar part of the project will be built with a capital expenditure of Rs. 1000 crore, and the Cuttack project under a capex of Rs. 750 crore.  

GAIL (India) Ltd. has an average target of 232.20 from 5 brokers.
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