Breaking News
Wednesday , October 18 2017
Home / Business / GAIL plans to double its petrochemical output in FY18: Report

GAIL plans to double its petrochemical output in FY18: Report

Gas Authority of India (GAIL) is reportedly planning to double its petrochemical output in the coming fiscal. In FY17, the company’s polymer output was 5.77 lakh tonnes and the company intended to increase that to 8 lakh tonnes in FY18 from the Pata plant in Uttar Pradesh and about 2 lakh tonnes from its subsidiary Brahmaputra Cracker and Polymer in Assam.

Moreover, the company has ongoing expansion projects which require investments of up to Rs 30,000 crore, out of which Rs 20,000 crore over the next three fiscals will be invested in creating 6,000 km of natural gas pipelines and a Rs 3,000 crore coal gasification project at the Talcher fertilizer plant in Odisha.

The company is also investing Rs 650 crore to build a breakwater (a physical barrier from rough waves) at the Dabhol gas import terminal in coastal Maharashtra, converting the project into an all-weather port to bring in liquified natural gas cargo.

Loading...

About editor