GAIL (India) Limited has informed the Exchange regarding 'REVISION IN COMPLETION SCHEDULE AND ADDITIONAL COST FOR MUMBAI-NAGPUR-JHARSUGUDA PIPELINE (MNJPL) PROJECT'.
GAIL · price
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Awaiting price reaction for this filing.
GAIL has pushed back the completion deadline for its 1,702 km Mumbai-Nagpur-Jharsuguda pipeline project by three months, from June 30, 2025 to September 30, 2025. The project cost has also risen by Rs. 411.12 crore, taking the revised total to Rs. 8,255.37 crore — a 5.24% increase over the originally approved Rs. 7,844.25 crore. The delay is due to right-of-way issues, pending forest and wildlife clearances, MoRTH permission delays, and local resistance. Despite the delay, physical progress is nearly complete: Part-A (Mumbai-Nagpur) is mechanically done except for 1 km, Part-B (Nagpur-Jharsuguda) is ~98% complete, and Part-C (Nagpur-Jabalpur) is ~97% complete. The revision was approved by GAIL's Board on June 23, 2025.
The 5.24% cost overrun and three-month delay are modest and unlikely to materially impact shareholders, especially since the pipeline is nearly fully laid. Minor short-term pressure on project margins is possible, but the asset is close to revenue generation.