India’s state-owned gas processing and distribution company GAIL is planning to expand in the petrochemical, specialty chemical, and renewable sectors to supplement growth from its core business of natural gas distribution. Chairman Manoj Jain said the company had formulated and adopted the new “Strategy 2030” to identify priority business initiatives.
GAIL handles 70% of gas transportation in India through its 2,426-km network of trunk pipelines. The company markets 55% of all natural gas in the country. Its petrochemical manufacturing sites at Lepetkata and Pata in Assam provide it with 17.5% market share. Solar and wind power generation capacity also account for a small part in GAIL’s portfolio.
GAIL also said that it would promote higher gas usage as a transportation fuel and industrial feedstock or fuel. The company also plans to expand its existing LNG import capacity and city gas distribution network. GAIL said that its Strategy 2030 would help it to navigate and adapt to the ever-changing industry landscapes.
