GAIL plans to launch pipeline InvIT before revamp
PTI
New Delhi |
Updated on
January 26, 2021
InvITs are like a mutual fund, enabling direct investment from possible individual/institutional investors in infrastructure.
State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing function, sources said.
The nation s top gas marketing and transportation firm plan to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT), two sources with direct knowledge of the matter said.
InvITs are like a mutual fund, enabling direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return.
State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru ahead of a proposed splitting of the pipeline business from the gas marketing function, sources said. The nation s top gas marketing and transportation firm plans to monetise Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT), two sources with direct knowledge of the matter said. InvITs are like a mutual fund, which enables direct investment of small amounts of money from possible individual / institutional investors in infrastructure to earn a small portion of the income as return.
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“We are hoping that the InvIT should be operational by March end,” the official told ET, requesting not to be named. “There are five to six projects which are operational, and we have a good revenue stream, which will be transferred to the InvIT.”