State-owned gas utility GAIL (India) Ltd has planned an investment outlay of over Rs 116 billion (US$2.56 billion) in various gas cracker projects in the country.
GAIL proposed investments include:
* Rs 54.60 billion in Assam Gas Cracker project near Dibrugarh (Assam). The project is estimated to be complete in 60 months from the date of approval of the Government.
* Rs 62.10 billion in building a petrochemical complex at Ambalamugal near Kochi, Kerala. The project would be completed in 48 months from the date of appointment of the Project Management Consultant after approval by the board of directors of GAIL.
23-Dec-05 
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