Natural gas supply reaches HMEL Refinery, Gas Receiving Station inaugurated at Bathinda

Taking a major step to ensure availability of natural gas for large customers, GAIL (India) Limited has laid a dedicated pipeline to supply the fuel to HPCL Mittal Energy Ltd.'s (HMEL) refinery.

The Gas Receiving Station for the pipeline was inaugurated today by Shri Prabh Das, Managing Director and CEO, HMEL in the presence of Shri Manoj Jain, Chairman & Managing Director, GAIL, Ms. Vartika Shukla, Chairman & Managing Director, Engineers India Limited and Shri Deepak Gupta, Director (Projects), GAIL.

The dedicated pipeline, which will supply 1 MMSCMD gas to HMEL, has been laid at a cost of Rs 142 crore. The 44.26 Km pipeline of 12 inch diameter (total capacity - 5 MMSCMD) is a spur line of the 500 Km Dadri - Bawana - Nangal Pipeline (DBNPL). The natural gas supply tap off is taken from GAIL receiving terminal at NFL, Bathinda.

The DBNPL is a part of the National Gas Grid and runs from Dadri (Uttar Pradesh) through Yamunanagar (Haryana) to Nangal (Punjab), to meet energy demand of these northern states. The pipeline will boost the supply of natural gas in the region, resulting in increased supply for domestic hc;>useholds, vehicles, commercial and industrial establishments. It already supplies gas to various industrial customers and city gas networks, i.e., IGL Ghaziabad, Bawana, Saharanpur, Yamunanagar and Mandigovindgarh, Nangal, Ludhiana, NFL Bhatinda, CGS Ludhiana, etc.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 156.20 as compared to the previous close of Rs. 153.70. The total number of shares traded during the day was 167771 in over 1938 trades.

The stock hit an intraday high of Rs. 157.20 and intraday low of 154.45. The net turnover during the day was Rs. 26195982.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 DedicatedPipeline FuelSupply HPCLMittalEnergy