Business Daily from THE HINDU group of publications
Sunday, Oct 05, 2008
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Business Daily from THE HINDU group of publications Sunday, Oct 05, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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New Projects
The installed polymer capacity at Pata is 410,000 tpa. It will be increased to 800,000 tpa by leveraging existing facilities and augmenting them. Richa Mishra New Delhi, Oct. 4 GAIL (India) Ltd, which is looking to double capacity of its Pata petrochemical complex in Uttar Pradesh to 800,000 tonnes a year , has received the nod of its board recently. Another project approved by the board, in principle, is the Vijayawada-Vijaipur Pipeline (VVP) running through central India. A senior company official said, “A decision to go ahead with doubling the capacity of the petrochemical unit was taken by the board on Wednesday. Now a detailed report will be made, based on which the company will work out the investments required for it.” The board has also given its nod for the submission of Expression of Interest for the VVP pipeline project to Petroleum & Natural Gas Regulatory Board (P&NGRB). “A draft feasibility report will be carried out before submission of the bid,” the official told Business Line. GAIL’s competitors in the petrochemicals business are Reliance Industries Ltd and Haldia Petrochemicals Ltd. Capacity enhancingThe installed polymer capacity at Pata is 410,000 tpa. It will be increased to 800,000 tpa by leveraging existing facilities and augmenting them. On September 4 at the company’s AGM, Mr U.D. Choubey, CMD, had said that the company proposed to augment the plant capacity to 500,000 tpa, gradually going up to 800,000 tpa. Projects AbroadIn fact, to strengthen its position in petrochemicals, GAIL has jointly assessed areas in north Asia and CIS States for setting up a mega petrochemical complex through public-private participation, for which RIL has been roped in. Recently, GAIL and RIL have made presentations in Qatar showing interest in setting up projects there. As regards the pipeline project, sources said, the length of the proposed trunk pipeline would be about 1,000 km and spur line would be over 500 km with a capacity to ferry approximately 30 mscmd (million standard cubic metre a day) of gas. The starting point of the pipeline would be Vijayawada (Andhra Pradesh) and terminating point is Vijaipur in Madhya Pradesh. GAIL has an agreement with major domestic gas producers, such as RIL and ONGC, to ferry their gas. The VVP project is over and above the other pipeline projects that GAIL is working on. With the current projects, excluding VVP, GAIL is targeting raising its pipeline handling capacity to over 300 mscmd by 2011-12 at an estimated investment of Rs 20,000 crore. GAIL Gas to take up distribution projects in 17 cities GAIL net up 31% on petrochem, gas trading biz GAIL completes polyethylene plant at Pata More Stories on : New Projects | Petrochemicals | Petroleum | GAIL (India) Ltd
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