TamilGAIL looks at renewables for rapid growth
5 July 2021, 12:12 pm
Birds fly past the logo of India's state-owned natural gas utility GAIL (India) Ltd installed on its corporate office building in New Delhi, India, April 26, 2018. REUTERS/Adnan Abidi/File Photo
State-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas, its chairman Manoj Jain said.
The nation’s largest gas marketer and shipper has adopted a revised future blueprint, called ”Strategy 2030” to define its journey through the next decade. This strategic plan will help us to address our challenges in changing industry scenarios and provide new areas for growth with geographic expansion, he said.
GAIL transports over 70 per cent of all gas shipped in the country through its network of 13,340-km network of natural gas trunk pipelines. It sells 55 per cent of all natural gas in the country and has petrochemical plants at Pata in Uttar Pradesh and Lepatkata in Assam that gives it a 17.5 per cent market share.
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