GAIL India to set up 310 km gas pipeline in Tamil Nadu: Jaya

Image
Press Trust of India Chennai
Last Updated : Jan 21 2013 | 4:10 AM IST

"As part of laying the pipeline, GAIL India exchanged documents with Tamil Nadu Industrial Development Corporation (TIDCO) in my presence yesterday," she told the Assembly making a suo motu statement.

"GAIL has commenced the construction of infrastructure for laying the pipeline between Kochi and Bangalore. The 310 km pipeline connecting the two cities, will pass through Coimbatore, Salem, Erode, Tiruppur, Namakkal, Dharmapuri and Krishnagiri districts in Tamil Nadu," she said.

GAIL India would be able to supply gas through these pipelines to the nearby industrial units and to urban households, she said.

A project to set up floating storage degasification unit would be established by GAIL at an investment of Rs 2,500 crore, she said.

Through the Kochi-Bangalore gas pipeline connectivity, 500 MW of power would be available under the first phase, she said, adding that Rs 2,000 crore investment would be made for this purpose.

Jayalalithaa said GAIL India and TIDCO would establish a joint venture company for generating the power.

"In the coming five years, this project would be expanded attracting Rs 10,000 crore worth of investments," she said.

Recalling public sector Indian Oil Corporation exchanging documents with TIDCO for setting up Rs 4,500 crore LNG Terminal at Kattupalli near Chennai, she said when this project comes into operation in 2016, five million tonnes per annum of liquefied natural gas (LNG) would be available.

IOCL and TIDCO entered into an agreement in March this year for setting up the LNG Terminal.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 11 2012 | 7:55 PM IST

Next Story