Gail to the invest Rs 35,000 cr‎ in capacity expansion

Gas Authority of India Limited (GAIL), largest gas transmission and marketing company in India, has reported a 45 per cent rise in its net profit to Rs 911 crore for the fourth quarter ended March 2010.

While speaking to NDTV in an exclusive interview, GAIL Chairman and Managing Director BC Tripathi, said the company hopes to construct 1,200 km pipeline by the end of this year, after which GAIL’s gas transmission capacity will become 200 million standard cubic meters per day.

Tripathi said Gail plans to invest nearly Rs 35,000 crore in the next 3-4 years in several pipeline projects, petrochem plant upgradation and in renewable sources of energy like wind and solar power. He says capital expenditure for this fiscal year would be Rs 8000 crore for adding 120 kilometers of pipeline.




Read more at: http://beta.profit.ndtv.com/news/show/gail-to-invest-rs-35-000-cr-in-capacity-expansion-48663?cp