GAIL (India) Ltd. held its 40th Annual General Meeting (AGM) for the fiscal year 2023-24 where Chairman Sandeep Kumar Gupta said that GAIL is exploring the feasibility of setting up a world scale greenfield ethane cracker.

Gupta said the company is very optimistic about the growth of its petrochemical business and solidifying the presence of GAIL as a key player in the Indian Petrochemical industry through a diverse range of product offerings.

He said, “GAIL’s 500 KTA PDHPP Project at Usar, 60 KTA Poly-propylene plant at Pata, 1,250 KTA PTA plant at GMPL, Mangaluru and 50 KTA Isopropyl Alcohol (IPA) Project at Usar will diversify and expand GAIL’s existing petrochemical portfolio and provide robust growth in years to come. GAIL is also exploring the feasibility of setting up a world scale greenfield ethane cracker.”

He added that on the physical front GAIL has maintained its leadership in the natural gas sector with an existing network of 16271 km of natural gas pipelines.

Sandeep Gupta stated that the company is actively laying approximately 3400 km of new pipelines as part of its commitment to completing the National Gas Grid (NGG). The network’s availability was nearly 100 per cent ensuring a steady gas supply nationwide.