Image used for illustrative purpose only. Image Credits : Gail India Ltd. (Source company website)
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GAIL to set up LNG infrastructure along national highways, mines; to invest Rs 650 cr

GAIL is planning to enter the Liquefied Natural Gas (LNG) retail sector by setting up LNG dispensing stations across golden quadrilateral/major national highways and mining areas with an investment plan of Rs 650 crore.

The company also aspires to capture 50 percent plus market share in the next 5-6 years, according to a regulatory filing on March 14.

The company also plans to reduce its carbon footprint by converting transport fuel from diesel to LNG. “The proposed investment is strategic in nature which relates to exploring opportunity-based investment for the development of LNG dispensing infrastructure & last mile connectivity,” they said.
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