India's Top Gas Firm plans to invest Rs 30,000 cr

by Psu Connect
Date: 24-08-23
Ministry of Petroleum and Natural Gas

Shri Sandeep Kumar Gupta, Chairman and Managing Director of GAIL addressed the shareholders at the 39th Annual General Meeting of GAIL (India) Limited.

India's Top Gas Firm plans to invest Rs 30,000 cr

Sandeep Kumar Gupta, Chairman and Managing Director of GAIL

New Delhi: India's top gas firm and leading public sector undertaking, Gas Authority of India Limited (GAIL) is planning to expand its petrochemical capacity, and for that, the company is looking to invest Rs 30, 000 crore for the next three years.

Shri Sandeep Kumar Gupta, Chairman and Managing Director of GAIL stated this while addressing the shareholders at the 39th Annual General Meeting of GAIL (India) Limited.

The Directors and Independent Directors of GAIL were also present on the occasion.

In the meeting, he highlighted the achievements of GAIL, which is leading India towards a gas-based economy.

He elaborated on GAIL's diverse portfolios, such as petrochemicals, the National Gas Grid, CSR efforts, energy transition into cleaner energies like Green Hydrogen, CNG, renewables, GAIL efforts towards NetZero by 2040, etc.

He also highlighted the future plans of GAIL with regard to GAIL's various business activities.

The shareholders also shared their views about GAIL' s business results & activities during the 39th AGM.