GAIL (India) has chalked out a capital
expenditure plan of Rs.2,744 crore by March 2008.
The investments will be made towards
pipeline projects, oil and gas exploration and expansion of petrochemical plant.
Of the Rs.2,744 crore, the company plans to invest Rs.1,855 crore in pipeline
projects, Rs.500 crore in E&P projects, Rs.146 crore in petrochemicals, Rs.94
crore in business development, and the rest in projects related to city gas,
telecom, and coal gasification.
GAIL is expanding the capacity of its
Pata petrochemicals plant in Uttar Pradesh to 4.10 lakh tpa from the current
3.10 lakh tpa. Work on the project is expected to be completed by June 2007.
GAIL plans to raise Rs.2,500 crore in
2007-08, of which 60 per cent will be in the form of external commercial
borrowings. GAIL also plans a total capital expenditure of Rs.25,000 crore for
the next five years (by 2011-12) of which the company plan to raise Rs.15,000
crore through borrowings and the remaining Rs.10,000 crore will be through
internal accruals.
In the financial year 2008-09, the
company plans a capital expenditure of Rs.6,000 crore, mainly for gas pipeline
projects. The proposed pipelines are Dadri-Bawana-Nangal pipeline,
Chainsa-Gurgaon-Jhajjar-Hissar, Jagdishpur-Haldia, Dabhol-Bangalore, and Kochi-Kanjirkkod-Bangalore/Mangalore.
Also See:
Gail to invest
Rs.18,000 crore in gas pipeline projects (31-Mar-07)