GAIL India plans to set up 1500 KTA Ethane Cracker Project in MP
The project is subject to entail provisional investment of Rs. 60,000 Crore, approx. The mode of financing is yet to be decided.
State-Owned gas producing unit Gail India has reported that it intends to set up 1500 KTA Ethane Cracker Project at Ashta, District addition Sehore in Madhya Pradesh, having product slate of various ethylene derivatives.
GAIL has submitted its request to the Madhya Pradesh State the proposed Government for providing suitable enablers for the project. Around capacity is to be 800 hectares of land shall be provided by the MP Industrial added Development Corporation Limited, for which state government has already initiated the process. Investment approval from GAIL's Board shall be sought after favourable outcome on enablers, as stated in an exchange filing.
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The project is subjected to entail provisional investment of Rs. 60,000 Crore, approx. The mode of financing is yet to be decided.
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