Reportedly, the Indradhanush Gas Grid Limited (IGGL), joint venture of five oil and gas public sector undertakings, has achieved a physical progress of 42.94 per cent. It has also incurred a capital expenditure of Rs 15.56 billion for the 2021-22.
The IGGL is a joint venture of Indian Oil Corporation Limited, Oil and Natural Gas Corporation, GAIL, Oil India Limited and Numaligarh Refinery Limited and is implementing the North East Gas Grid (NEGG) project connecting the capital cities and major demand centres of the North Eastern part of India to build a gas-based economy in the region. The NEGG is implemented as per the Hydrocarbon Vision 2030 of the North East. It is scheduled to be completed by March 2024.