Image used for illustrative purpose only. Image Credits : Gail India Ltd. (Source company website)
0 minutes read

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.
Legal Disclaimer:
Money Control
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Renewables
    2 minutes read

    Lagos State, Nigeria Partners with Dutch…

    05 Oct. 2024 | Global Flow Control
  • Petro (Chemicals)
    1 minute read

    Confidence Cement is building a new…

    05 Oct. 2024 | Global Flow Control
  • Water and Wastewater Management
    1 minute read

    EGLE Unveils $267 Million in Clean…

    04 Oct. 2024 | Global Flow Control
  • Power Generation
    2 minutes read

    “Texas Regulator Urges Big Tech to…

    04 Oct. 2024 | Global Flow Control