Gail India is planning to list its subsidiary Gail Gas. Also, the state-run company has planned a capital expenditure of Rs 54,000 crore, which it will spend over the next two-three years in laying of gas pipeline network that will feed households and industries such as fertiliser plants.

The Maharatna firm is aggressively investing in city gas distribution to create volumes before it takes the company to the market.

Out of the total Rs 54,000 crore capex, Rs 12,000 crore will be invested in city gas distribution networks to retail CNG to automobiles and piped natural gas to households in towns such as Varanasi and Patna.

Speaking to reporters, Gail India Chairman and Managing Director B C Tripathi, said, “Listing Gail Gas is in my mind and we had earlier thought about it. As of now, the subsidiary has reported a topline of Rs 5,300 crore and Rs 120-130 crore of profit.

Last couple of years we have invested heavily in creating infrastructure alone and we believe we need to invest even more to get to the volume level.”

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