New Delhi: State-run gas firm GAIL (India) Ltd has drawn a blueprint to almost triple its revenues to $11 billion by 2011 by expanding its pipeline network and tying up new sources of natural gas.
GAIL chairman U D Choubey last week presented to his board a detailed roadmap to GAIL's continue dominance in gas transportation and sale business even after other firms like Reliance Industries and GSPC enter the business next year.
"The blueprint, the first of its kind in a PSU, is landmark as it details a two-phase, segment-wise approach to raise revenues while giving each director time-bound goals," an oil ministry official, privy to the presentation, said.
The blueprint aims at doubling GAIL's pipeline network to 11,195 km by 2011 by building new pipelines to connect the nation's LNG import terminals on the west coast and laying new lines to consumption centre in north and east. It also calls for tying up new gas supply sources to tripple volumes to 291 million standard cubic meters per day (mmscmd) by 2011.
The official said GAIL plans to raise revenues from gas trading from Rs 9,552 crore presently to Rs 16,475 crore in Phase-I (2009) and Rs 25,630 crore in Phase-II. It plans to raise revenues from gas transmission from present Rs 1,949 crore to Rs 3,200 crore by 2009 and Rs 6,015 crore by 2011.
City gas distribution projects, which contribute Rs 1,300 crore to GAIL revenues presently, are envisaged to increase to Rs 5,200 crore by 2011 as the company rolls out projects in 38 more cities.
Petrochemical revenues are envisaged to increase from Rs 2,185 crore to Rs 4,345 crore.
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