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. This is to monetize Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline by setting up an Infrastructure Investment Trust (InvIT).
Initially, the InvIT may involve selling 10-20% stake. The two pipelines proposed for InvIT had incurred over INR 3,000 cr spending.
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