GAIL to set up Rs. 60,000 crore ethane cracker project in Madhya Pradesh
Petrochemical

GAIL to set up Rs. 60,000 crore ethane cracker project in Madhya Pradesh

Around 800 hectares of land shall be provided by the MP Industrial Development Corporation Limited

  • By ICN Bureau | June 10, 2024

GAIL (India) has announced its intention to set up 1500 kilotons per annum (KTA) Ethane Cracker Project at Ashta, Distt.  Sehore in Madhya Pradesh, having product slate of various ethylene derivatives.  

"GAIL has submitted its request to the Madhya Pradesh State Government for providing suitable enablers for the project. Around 800 hectares of land shall be provided by the MP Industrial Development Corporation Limited, for which state government has already initiated the process. Investment approval from GAIL's Board shall be sought after favourable outcome on enablers,” the company said in an exchange filing.

The projected investment for the project is Rs. 60,000 crore and the mode of financing is yet to be decided.

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