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Gas Distribution, Mid Cap

GAIL (India) intends to set up a 1500 KTA Ethane Cracker Project at Ashta, Distt. Sehore in Madhya Pradesh, having product slate of various ethylene derivatives.

The company has submitted its request to the Madhya Pradesh State Government for providing suitable enablers for the project. Around 800 hectares of land shall be provided by the MP Industrial Development Corporation, for which state government has already initiated the process. Investment approval from GAIL's Board shall be sought after favourable outcome on enablers.

The estimated investment in the project is Rs 60,000 crore.

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GAIL (India) has launched yet another series 'Waah Kya Energy Hai' to highlight the accessibility and benefits of embracing new, clean and environmentally friendly fuel options - Compressed Natural Gas and Piped Natural Gas offered by GAIL and its group companies.

Representing one more venture by GAIL in Business-to-Consumer (B2C) digital communication, the campaign is strategically geared towards engaging retail Natural Gas consumers across India. 'Waah Kya Energy Hai', which comprises four short films in a mini-series format, tells the stories of a close-knit middle-class Indian family and how they navigate their challenges through a smarter choice of fuel usage, switching to D-PNG (Domestic Pipe Natural Gas), C-PNG (Commercial Pipe Natural Gas), CNG and Industrial PNG.

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GAIL (India) has installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh.

This Green Hydrogen plant is having a capacity of producing 4.3 TPD of Hydrogen, through 10MW PEM (Proton Exchange Membrane) Electrolyzer units, by electrolysis of water using renewable power. The purity of hydrogen from this plant shall be 99.999% (by vol.) and will be produced at a pressure of 30 Kg/cm2.

Initially the hydrogen produced from this unit shall be used as a fuel along with Natural Gas for captive purpose in the various processes and equipment running in the existing plant at Vijaipur. Further, this hydrogen is planned to be dispensed to retail customers in the nearby geographies, transported through high pressure cascades.

Besides sourcing renewable power through open access, GAIL is also setting up around 20 MW Solar power plants at Vijaipur (both Ground Mounted and Floating) to meet the requirement of green power for the 10 MW PEM Electrolyzer.

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GAIL (India) has entered into a 14-year Time Charter Party with Cool Company (NYSE: CLCO / CLCO.OL, CoolCo) , a pure play LNG shipping company, for a newbuild LNG carrier.

The time charter for the LNG carrier will commence in early 2025 and GAIL will have the option to extend the charter by two additional years beyond the firm 14-year period.

GAIL presently has four LNG carriers in its fleet.

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