GAIL eyes Russia, China, Egypt markets for expansion |
By e4p Correspondent, Monday, April 13, 2009, 16:07 Hrs [IST] |  |
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Category: Chemicals | Tags: GAIL India menthol plant Russia, CGHL, FGC, gas distribution project | Share:  |
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GAIL India plans to expand its presence in Russia, Egypt and China and set up a menthol plant in Russia in partnership with ITERA Oil and Gas Company.
GAIL is planning to finalise the cities in China in which it will partner with China Gas Holding Ltd (CGHL), for setting up city gas distribution networks. The company has a 10 per cent equity stake in CGHL. GAIL also plans to raise its stake in Shell’s Fayum Gas Co. S.A.E. (FGC) in Egypt to benefit from the opportunities in the local gas distribution market. GAIL has 19 per cent stake in FGC.
The company has lined up a capital expenditure of Rs 25,000 crore by 2012 and is expected to invest Rs 18,000 crore in the next four years to extend its pipeline network from the current 7,000 to 12,600 km.
Source : ProjectsToday
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