GAIL signs MoU with Shell Energy

GAIL signs MoU with Shell Energy

For GAIL, this is a step towards achieving improved sustenance in business operations.

FPJ Web DeskUpdated: Friday, March 17, 2023, 04:15 PM IST
article-image
GAIL signs MoU with Shell Energy | Wikipedia

GAIL (India) Limited has signed a Memorandum of Understanding (MoU) with Shell Energy India Private Limited to explore opportunities in different facets of the energy value chain, the company announced through an exchange filing. For GAIL, this is a step towards achieving improved sustenance in business operations.

In a bid towards diversification of the feedstock for its petrochemical plant, GAIL is looking to import ethane from ethane-surplus countries with matured export terminal infrastructure through water borne transportation to India and transport it further through GAIL's pipeline systems to demand centres.

The Mo U envisages to explore prospects in import and handling of different hydrocarbons which are important chemical and petrochemical precursors, LNG for road transport, regasification of imported LNG, renewables, etc.

GAIL shares

The shares of GAIL on Friday closed at Rs 110.10, up by 0.50 per cent.

RECENT STORIES

Reliance Digital’s Festival of Electronics until Oct 26

Reliance Digital’s Festival of Electronics until Oct 26

Gold Prices Could Hit ₹1.5 Lakh Per 10 Grams By 2026 Amid Global Economic Uncertainty: Report

Gold Prices Could Hit ₹1.5 Lakh Per 10 Grams By 2026 Amid Global Economic Uncertainty: Report

GST 2.0 Already Boosting Festive Sales, Top Ministers To Highlight Diwali Impact In Dhanteras Press...

GST 2.0 Already Boosting Festive Sales, Top Ministers To Highlight Diwali Impact In Dhanteras Press...

Gold Smuggling Sees Big Spike Before Dhanteras, What’s Fueling This Illegal Rush Amid Record...

Gold Smuggling Sees Big Spike Before Dhanteras, What’s Fueling This Illegal Rush Amid Record...

Havells Q2 Profit Rises 18.86% To ₹318.28 Crore

Havells Q2 Profit Rises 18.86% To ₹318.28 Crore