GAIL to invest Rs 141 cr in CNG highway corridor in UP

by Psu Connect
Date:

NEW DELHI . GAIL Gas Ltd, has signed an agreement to invest Rs 141 crore in building CNG highway corridors in Uttar Pradesh.

GAIL Gas signed a memorandum of understanding (MoU) with Uttar Pradesh State Industrial Development Corp (UPSIDC) at the UP Investors' Conclave in New Delhi.

"This MoU will lay the foundation for building up natural gas infrastructure for fulfilling the demand of natural gas, setting up CNG stations along the highway corridor and distribution of gas to various industrial clusters and parks in Uttar Pradesh State," the company said in a statement.

The investment cost for developing this city gas project is Rs 141 crore, it said.

The MoU was signed by Shri Pankaj Kumar Pal, Chief Executive Officer, GAIL Gas Limited and Shri Manoj Singh, Managing Director, UPSIDC in the august presence of Hon’ble Chief Minister of Uttar Pradesh, Shri Akhilesh Yadav. Shri Alok Ranjan, IAS, Chief Secretary Industries, Shri B.C Tripathi, CMD GAIL (India) Limited, Shri Prabhat Singh, Director (Marketing), GAIL (India) Limited and along with other Senior Officials of GAIL and UPSIDC were present at the occasion.

GAIL is planning three major CNG corridor projects along the highways -- Delhi-Agra covering 200 kms with 6 CNG station at Kosi, Sikandra, Etawah, Fatehpur Sikri, Vrindavan and Govardhan; Lucknow-Kanpur highway covering 77 kms with 2 CNG station at Unnao and Karanpur-Moradabad-Kashipur-Rudrapur Highway covering 145 kms and 4 CNG station at Chandausi and Rampur.

The Delhi-Agra project will cost Rs 48 crore while Lucknow-Kanpur project will cost Rs 16 crore. The third project will cost Rs 32 crore.