GAIL proposes two pipelines to be monetised via InvIT, awaits Centre's nod

Company says it incurred a capex of Rs 5,000 crore on these two pipelines, silent on project names

GAIL (India) has proposed two pipelines to initially be monetised through the Infrastructure Investment Trust (InvIT) route. A proposal for the same is awaiting a nod from the centre and earlier plans to completely monetise the pipeline business of the company at one go are now on the back burner.

Responding to a query on the unbundling of marketing and transportation business of GAIL, Chairman and Managing Director, Manoj Jain said, “There is presently no pending proposal in this regard, however, we are initiating a process for the monetisation through InvIT process for two pipelines initially. A proposal in this