In order to boost its capacity by 50 per cent in the coming three years, GAIL India plans on adding 5,500 km gas pipeline.
Shares of Punj Lloyd were up over 6 per cent at Rs.25.55 on the BSE after the company said it has won the 459km of the 48-inch diameter Trans Anatolian Natural Gas Pipeline (TANAP) in Turkey worth Rs.2,780 crore (US$ 409 million) in joint venture with Limak (50-50) share.
Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. B Surender Mohan, Chairman and Managing Director, NLC, said it is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects.
The 900 km gas pipeline project of GAIL India is facing delay because of land acquisition issue in Kerala and Tamil Nadu. It is learnt that GAIL has so far completed only 30 km of the pipeline. GAIL India is constructing a 505 km pipeline through Kerala, 310 km through Tamilnadu and 85 km through Karnataka