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GAIL (India) proposes two pipelines to be monetised via InvIT

Thursday, 10 Jun 2021
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GAIL (India) has proposed two pipelines to initially be monetised through the Infrastructure Investment Trust (InvIT) route.

A proposal for the same is awaiting a nod from the Centre, and earlier plans to completely monetise the pipeline business of the company at one go are now on the back burner.

The Ministry of Petroleum and Natural Gas is preparing for putting this proposal before the Union Cabinet; once that is approved it will appoint  advisors within GAIL and start the process.

GAIL (India) had incurred a capital expenditure of Rs 5,000 crore for setting up these two pipelines.

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