GAIL (India) may abandon the Tamil Nadu portion of the Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline project if no decisions are taken by the State Government within a month. Gail Chairman BC Tripathi said that the matter was discussed at the Board meeting. We will wait for one more month and then the Board will take a call on abandoning the project said Tripathi.
GAIL had faced resistance from farmers while laying Kochi-Koottanad-Bangalore-Mangalore gas pipeline which traverses seven districts of Tamil Nadu – Coimbatore, Tirupur, Erode, Namakkal, Salem, Dharmapuri and Krishnagiri – over 310 km. Farmers fear the pipeline will result in loss of agricultural production in future.
Following farmersÂ’ protests in the region, the Tamil Nadu Government had declared that GAIL needed to stop laying the pipeline across their fields and should instead align it with the highways. On July 25 GAIL reported a 28.71 per cent decline in net profits for the June quarter on higher costs despite registering a 16 per cent rise in income.
Leave a Reply
You must be logged in to post a comment.