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GAIL plans $8.8 bn capex by 2014-15

GAIL will make capital investment of around Rs 400 bn mainly to boost petrochemicals capacity.

Written by Agencies | New Delhi |
September 22, 2010 10:59:16 am

State-run gas transporter GAIL India will make capital investment of around Rs 400 billion ($8.8 billion) by 2014/15,mainly to expand its pipeline network and boost petrochemicals capacity,its chairman said on Wednesday.

B.C. Tripathi also said GAIL was exploring gas sector opportunities in the African market. He was speaking at the company’s annual general meeting of shareholders.

GAIL also plans to set up gas-based power plants in India,besides trying to tap unconventional energy resources like shale gas and coal-bed methane,he said.

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