GAIL and Petronet LNG are all set to commence mega projects worth over Rs 12,000 crore in Kerala over the next two months. With the completion of DFR, the GAIL board will give its approval to the Rs 7,000-crore gas-based petrochemicals project and allied pipeline projects worth another Rs 2,750 crore in two months.
GAIL is currently under negotiations with Fertilisers and Chemicals Travancore Limited for 214 acres of land for the construction of a 5 lakh ton petrochemical plant which will produce two varieties of polyethylene. GAIL is expecting to start work on the project by early 2006. GAIL is also considering FDI support to financing the projects.
14-Sep-05 
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