In the next three years, the total capex is expected to be around Rs. 30,000 crores mainly on pipelines, petrochemicals, CGD, operational Capex, equity contribution, and E&P, and also some renewables, says Manoj Jain, Chairman & Managing Director, GAIL India Limited. 

 

Speaking at GAIL India Limited Investors & Analyst Meet 2022, Manoj Jain said, "GAIL's LNG portfolio for 14 million tons has diversity in supply sources and supply indices. The company is well-poised to cater to the needs of the customer and actively contribute towards the national goal of a gas-based economy. The company is also tying up new gas sources to meet the emerging gas demand in the domestic market as well as to maintain its international portfolio." 

 

The company has also embarked upon alternate energies like green hydrogen, renewable, and biofuel projects, which are of operational importance and would likely provide a transition to the future, added Jain. 

 

GAIL's total Capex for FY22 is Rs. 7,700 crores, mainly on pipelines, petrochemical, CGD projects, operational CapEx, equity contribution, and E&P. 

 

Sashi Menon, Executive Director - Finance, GAIL said, "With major Capex happening in the pipeline sector. These are the different major projects that we have in hand. I'll just run through the expected completion date. Dhamra-Angul, December 22; Dhobi- Durgapur, 30th June 22; Bokaro-Angul, June 22; Durgapur-Haldia, June 23; Barauni-Guwahati, June 23; Dhamra-Haldia, 30th June 23; KKBMPL is February 25; Srikakulam-Angul, July 23; Mumbai-Nagpur- Jharsuguda, 2023; and major PC, a Petrochemical project, that is PDH PP that is coming near year in Usar. Expected completion is in April 2025, and polymer PP plant in Pata is in January 2024."

 

But as we grow towards 2030, the ambition of the nation is to achieve 15% natural gas in the overall energy basket so, the drivers will, of course, be in newer areas, said Sumit Kishore, Executive Director - Marketing, GAIL.