GAIL (India) Limited — Important, 23-06-2025: Updates

GAIL has announced a board meeting on which approved a revised completion schedule for the Mumbai-Nagpur-Jharsuguda pipeline project, extending progress completion to September 2025. The delay stems from utility corridor hindrances, environmental clearances, land acquisition issues, and permissions. The project cost is increased by Rs. 411.12 Cr, taking the revised budget to Rs. 8,255.37 Cr, a 5.24% rise over the original estimate. This impacts GAIL’s capital expenditure and timeline for capacity expansion in key gas transmission infrastructure.