Mar 30, 2007

GAIL to spend Rs 18,000cr for 5 new pipelines

State-run gas utility GAIL will shortly invest Rs 18,000 crore in laying five new pipelines across the country.
According to GAIL chairman and managing director U D Choubey, the pipelines to be laid are Dadri-Bawana-Nangal, Chainsa-Gurgaon-Jhajjar-Hissar, Jagdishpur-Haldia, Dabhol- Bangalore and Kochi-Bangalore.

The pipelines would cover a total length of 3,300 km, and would be completed by 2011, he added.

BUY GAIL ( @ CMP ) : DELIVERY CALL

TARGET 1 -- 275
TARGET 2 -- 285
TARGET 3 -- 320 +
STOPLOSS -- 255

FOR INVESTORS 1 YEAR TARGET - 375 + ( NO STOPLOSS FOR LONG TERM )

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