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Revival of Jagdishpur Haldia Pipeline Project on Cards- A Big Boost to the Investor's Confidence

News: Chinese Petroleum Pipeline Bureau, JSIW Infrasstructure and ILFSs are among the 3 tops bidders for the 2 different stretches of the Jagdishpur Haldia Pipeline Project supplying 7.4 mmscmd of gas by end of 2018.

Source: ET

SNP Insight: 

The revival of the Pipeline project after eight years of uncertainty comes as a big boost to the investor's confidence in building the pipeline network across the country amid the growing uncertainity of dwindling gas reserves and subsequently squezeed profit margins from existing pipeline network. The knock on effect of the pipeline project may considerably ease the supply of gas to stalled Gas based Power projects & Sick fertilizer units across the network. The spillovers from the development may in turn spur the investments in City Gas Distribution Projects in the Eastern Part of the country as well.

Source : SNP Infra Research