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Gail (India) signs MoU with Uttar Pradesh State Industrial Development Corporation

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Capital Market

For expansion of natural gas downstream network in UP

Gail (India) announced that its wholly owned subsidiary, Gail Gas and Uttar Pradesh State Industrial Development Corporation signed a Memorandum of Understanding (MoU) on 12 June 2014 to expand the natural gas downstream distribution network in Uttar Pradesh.

This MoU will lay the foundation for building up natural gas infrastructure for fulfilling the demand for natural gas, setting up CNG stations along the highway corridor and distribution of gas to various industrial clusters and parks in Uttar Pradesh. The investment envisaged for developing this CGD project is about Rs 140 crore.

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First Published: Jun 13 2014 | 1:56 PM IST

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