GAIL (India) Limited has informed the Exchange regarding a press release dated April 09, 2025, titled "GAIL completes laying over 97.6 % of Pradhan Mantri Urja Ganga".
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GAIL (India) Limited has shared a press release with the stock exchange dated April 9, 2025, announcing that it has completed laying over 97.6% of the Pradhan Mantri Urja Ganga pipeline. The Pradhan Mantri Urja Ganga is a major government natural gas pipeline project aimed at expanding gas infrastructure across India. Reaching the 97.6% completion mark indicates the project is in its final stages of physical pipeline laying. The remaining ~2.4% likely involves last-mile connectivity, terminal stations, and commissioning work. GAIL is the implementing agency for this national gas grid expansion initiative.
Positive near-term signal for GAIL shareholders as it shows steady execution of a flagship national project, though the stock impact may be limited since this is largely a status update rather than new commercial news. The completed pipeline could support future revenue growth from gas transmission tariffs once fully commissioned.