3 months ago
1
State-owned Gas Authority of India Ltd (GAIL) is targeting to adhd 85 caller compressed earthy state (CNG) stations successful the adjacent 2 years, Director for Finance Rakesh Kumar Jain told investors successful an expert telephone connected Monday (February 2, 2026).
Mr. Jain besides told investors that GAIL estimates to standard 134 to 135 cardinal modular cubic meters per time (MSCMD) of measurement for state transmission successful FY 2027. He besides exuded assurance successful concluding the ongoing fiscal twelvemonth with a state transmission measurement of 124 to 125 MSCMD.
Further, successful effect to a query astir the planetary state proviso situation, the Director for Finance held the prices are expected to soften. “[Global] Gas proviso is abundantly disposable from the coming fiscal year. A batch of capacities are coming connected stream, and they are helping the terms to spell down, therefore, we expect prices to soften” helium stated, adding, “In fact, we person a batch of offers disposable astatine competitory price[s] and that volition besides summation the boost of state depletion successful our price-sensitive market.”
Separately, Mr. Jain besides told investors that GAIL aspires to spur their state sourcing by astatine slightest 6-7 MTPA by 2030, from 17 MTPA astatine present. He added, “When we spot much demand, which is apt to come, we volition instrumentality a call.”
The state-owned earthy state institution besides informed that it expects to incur ₹9,000-10,000 crore worthy superior expenditure successful the upcoming fiscal year. The fig does not origin successful caller projects.
Additionally, the state-owned distributor estimates to standard 109 to 110 MSCMD successful volumes with their earthy state selling conception successful the coming fiscal year, Mr. Jain informed.
Earlier successful the call, the GAIL Director had besides stated that the institution would beryllium “actively considering participating” successful bidding for caller petroleum and petroleum merchandise pipelines, mostly LPG pipelines.
GAIL had informed January 31 that their earthy state pipeline web magnitude had crossed 18,000 kilometres astatine the extremity of the 3rd quarter.
