GAIL (India) Limited has informed the Exchange about EXTENSION OF COMPLETION SCHEDULE OF KOCHI- KOOTTANAD- BENGALURU- MANGALURU PIPELINE (KKBMPL) PROJECT

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GAIL · price

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AI summary

GAIL has announced a delay in the completion of its Kochi-Koottanad-Bengaluru-Mangaluru Pipeline (KKBMPL) project. The revised completion schedule is now September 2026, compared to the original timeline. Currently, 919 km of the 951 km pipeline under execution has been laid, but only 657 km has been commissioned so far. The company cited delay in availability of hindrance-free fronts as the reason for the extension. The Board of Directors approved this schedule revision on April 13, 2026.

Likely market impact

This delay indicates slower-than-expected progress on a major pipeline project, which could push back revenue generation from this asset. While the project itself remains on track, shareholders may see a deferment in expected returns from KKBMPL operations.