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State-run gas major GAIL India will invest Rs.7, 500 crore ($1.5 billion) to develop two major pipelines in southern India, the company said Friday.
According to the company’s statement, of the total investment, Rs.4, 500 crore will be spent on the 1,389-km Dabhol-Bangalore pipeline, which is expected to have a capacity of about 16 million standard cubic metres a day.
The second project which is the pipeline between Kochi and Mangalore will cost Rs.3, 000 crore, and this too will have a capacity for 16 mmscmd.
The GAIL chairman U.D. Choubey Friday called on the Karnataka Chief Secretary Sudhakar Rao in Bangalore for the discussing of the projects.
A GAIL release said the chief secretary assured full support from the state government for the implementation of the projects.
GAIL's pipeline network has a current capacity of 155 mmscmd of natural gas. It has a target to build 5,000 km of pipelines in the 11th plan period, which will double the capacity to 300 mmscmd.
