GAIL approves Rs 8,000 cr pipeline projects

The GAIL board has approved Rs 8,000 crore pipeline projects to be implemented by 2012, company Chairman UD Choubey said.

The GAIL board has approved Rs 8,000 crore pipeline projects to be implemented by 2012, company Chairman UD Choubey said on Monday.

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GAIL will raise Rs 2,000 crore from the domestic market this fiscal, Rs 5,000 crore next fiscal mostly through external commercial borrowing, and Rs 10,000 crore in 2011-12, GAIL Director (Finance) RK Goel said.