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GAIL Signs Pact with ITPL Bangalore for Natural Gas Transmission

  • GAIL (India) Limited has signed a Gas Transmission Agreement (GTA) with Information Technology Park Ltd (ITPL), Bangalore yesterday for supply around 60,000 SCMD of natural gas. ITPL is likely to start consumption of natural gas early next year in their upcoming captive power plant with waste heat recovery for air conditioning. They are likely to shift their entire power requirement on gas based Co-generation for Cooling and Power.

  • The gas will be supplied to ITPL from the Dabhol-Bangalore Pipeline being set up by GAIL (India) Limited at an investment of around Rs.3500 crores. The pipeline will connect the Dabhol-LNG Terminal, operated by RGPPL to gas consumption centers in Maharashtra, Goa and Karnataka. The Dabhol terminal is being commissioned and the pipeline upto Bangalore is expected to be commissioned by August of this year.

  • ITPL, Bangalore which is the flagship IT office space provider in Bangalore jointly promoted by Government of Singapore and Karnataka Industrial Area Development Board (KIADB). There are more than 25,000 professionals working out of its facilities in Whitefield, Bangalore.

  • GAIL has also signed contracts with industrial customers such as Toyota Kirloskar Autoparts and H&R Johnson located in districts adjoining Bangalore. Hindalco, Belgaum and Murudeshwar Ceramics, Hubli are other customers who will draw natural gas from GAIL's pipeline.

  • Natural Gas is green guel which offers clean energy which is cheaper than conventional fuels. Since natural gas would be delivered by GAIL at the customers door step, the customers would have the convenience of not having to plan fuel supplies or having to store or pre-treat the fuel before use. Natural gas has transformed the industrial and commercial landscape in the cities such as Delhi and Mumbai and it is expected to make a significant difference in Bangalore too.

  • The Gail (India) Ltd stock was trading at Rs.363.10, down by Rs.2.05 or 0.56%. The stock hit an intraday high of Rs.370 and low of Rs.361.The total traded quantity was 0.10 lakhs compared to 2 week average of 0.75 lakhs.

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