Gas Transmission & Marketing Company Completes Laying Over 97.6 Per Cent of Pradhan Mantri Urja Ganga
The stock is up by 15 per cent from its 52-week low of Rs 150.60 per share and has given multibagger returns of 200 per cent in 5 years.
GAIL (India) Limited has made significant progress in the development of the "Pradhan Mantri Urja Ganga" pipeline, also known as the Jagdishpur – Haldia – Bokaro - Dhamra Pipeline (JHBDPL). The company has successfully laid over 97.6 per cent of the integrated pipeline, which is designed to carry natural gas to the eastern and north-eastern regions of India. Notably, approximately 96.6 per cent of the completed pipeline has already commenced commercial operations, currently transporting 12.26 Million Standard Cubic meters per Day (MMSCMD) of natural gas.
The extensive JHBDPL network, including the Barauni–Guwahati Pipeline, spans a total authorized length of 3,306 km across six states: Uttar Pradesh, Bihar, Jharkhand, Odisha, West Bengal, and Assam. As of now, 3,227 km of the pipeline has been laid, with 3,119 km already operational. This operational section includes key segments such as Phulpur – Dobhi – Bokaro – Durgapur, Bokaro – Angul – Dhamra, and Dobhi – Barauni – Guwahati. The transported natural gas is currently supplying four fertilizer plants, two refineries (Barauni and Paradip), various industrial consumers, and 32 City Gas Distribution (CGD) networks in cities like Varanasi, Patna, Ranchi, and Kolkata.
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While substantial progress has been made, the completion of the Durgapur–Haldia (294 km) and Dhamra–Haldia (240 km) sections is facing delays due to limited availability of Right of Use (RoU). Out of the Durgapur – Haldia section, 132 km up to Kolkata is already operational, with an additional 103 km laid out of the remaining 162 km. For the Dhamra–Haldia section, 198 km out of 240 km has been laid. Consequently, the expected completion date for these remaining sections has been extended from March 2025 to December 2025. Upon completion, the pipeline will supply natural gas to the Haldia refinery, CGD networks in Howrah, Hooghly, Purba Medinipur, Paschim Medinipur, and other industrial consumers in the region.
About GAIL (INDIA) LTD: GAIL is India’s leading gas transmission & distribution company with extensive gas transmission and distribution pipelines in the country, LPG extraction plants and a gas-based petrochemical plant, besides upstream oil and gas blocks and interests in LNG terminals in India. GAIL also has a global presence and business interests in the USA, Singapore, Myanmar, Russia, China and Egypt. Further, GAIL is pursuing business opportunities in the entire value chain of renewable energy, and other clean energy ventures, including Green Hydrogen and Biofuels.
The company has a market cap of over Rs 1 lakh crore. The stock is up by 15 per cent from its 52-week low of Rs 150.60 per share and has given multibagger returns of 200 per cent in 5 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.