GAIL plans to build strength in petrochemical sector

GAIL- India’s largest transporter and marketer of gas, has its core strength in its presence across the value chain – from exploration and production to transportation and marketing to petrochemicals. The company plans to build on these strengths. Petrochemicals, which contributes 35% to company turnover, will be a key focus area. Apart from RIL, GAIL is working with Hindustan Petroleum, Total, LN Mittal’s Mittal Investment and Oil India to study the feasibility of a 15 million tpa refinery at Vishakapatnam and an integrated petrochemical complex. That will make GAIL a major player in the petrochemical space. It currently operates a plant at Pata in Uttar Pradesh. Besides that, another Rs 5,000 crore plant is under construction in Assam. GAIL proposes, at a cost of Rs 18,000 crore, to add 5,500 km of pipelines by 2012 to the 6,500 km that it currently has. Completion of the pipeline will help it more than double its transmission volumes to 300 mcmd, from the current levels of 140 million cubic metres per day(mcmd) of gas. GAIL is targeting a three-fold growth in its turnover in just four years to Rs 50,000 crore firm by 2011.
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