GAIL to invest INR 141 crore in CNG highway corridor in UP.

GAIL Gas Limited, a unit of state gas utility GAIL India Limited, signed an agreement to invest INR 141 crore in building CNG highway corridors in Uttar Pradesh.

GAIL Gas signed a memorandum of understanding with Uttar Pradesh State Industrial Development Corporation at the UP Investors' Conclave in New Delhi.

The company said in a statement that 'This MoU will lay the foundation for building up natural gas infrastructure for fulfilling the demand of natural gas, setting up CNG stations along the highway corridor and distribution of gas to various industrial clusters and parks in Uttar Pradesh State.'

It said that the investment cost for developing this city gas project is INR 141 crore.

The MoU was signed by Mr Pankaj Kumar Pal, CEO of GAIL Gas and Mr Manoj Singh, MD of UPSIDC, in presence of Mr Akhilesh Yadav, CM of UP and Mr BC Tripathi CMD of GAIL.

GAIL is planning 3 major CNG corridor projects along the highways - Delhi-Agra covering 200 kilometers with 6 CNG station at Kosi, Sikandra, Etawah, Fatehpur Sikri, Vrindavan and Govardhan; Lucknow-Kanpur highway covering 77 kilometer with 2 CNG station at Unnao and Karanpur-Moradabad-Kashipur-Rudrapur Highway covering 145 kilometer and 4 CNG station at Chandausi and Rampur.

The Delhi-Agra project will cost INR 48 crore while Lucknow-Kanpur project will cost INR 16 crore. The third project will cost INR 32 crore.

The statement said that 'The CNG corridor will enable the usage of CNG in and outside the city limit and will promote the concept of long journeys on natural gas vehicle.'



STEELGURU