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GAIL to invest Rs 4,276 crore in Odisha: Report

In a bid to improve supply of natural gas in the state’s major industrial hubs, GAIL (India) is reportedly planning to invest Rs 4,276 crore in Odisha. Besides, the company will enhance the gas distribution network in Cuttack and Bhubaneswar.

The State run gas company has committed to an investment of Rs 1,750 crore to build the city gas distribution (CGD) network in Bhubaneswar and Cuttack. Out of the total investment amount, Rs 1,000 crore would be spent on Bhubaneswar. The remaining amount of Rs 750 crore would be set aside for Cuttack. Gas distribution to households in the Twin City region is expected to be a reality by December 2019 or early 2020.

GAIL (India) is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

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