In a notable development, GAIL (India) Limited has planned a capital expenditure of Rs 300 billion for the development of pipelines, ongoing petrochemical projects, city gas distribution (CGD) projects, operational capex, and equity contribution in group companies over a period of three years.
Besides, GAIL has recently issued an expression of interest (EoI) to explore equity acquisition in liquefied natural gas (LNG) terminals through 1 million tonne per annum (mtpa) LNG tie-up from the USA.