AHMEDABAD: The weakest of this ambitious cross-country of Gujarat State Petronet Ltd (GSPL) by Mehsana into Bhatinda has been postponed by a few months because of this next tide of Covid-19.
The 1,670km pipeline linking Mehsana in Gujarat into Bhatinda in Punjab was previously scheduled to be headquartered in June.
The pure gas trunk pipeline project, that extends through Jaipur in Rajasthan, is projected to cost Rs 5,500 crore.
“This job is currently anticipated to be ready to go from September or October,” according to a senior company officer attentive to the development.
“The delay was because of Covid-related constraints including from the neighboring country of Rajasthan,” the official stated.
“Furthermore, the lack of labourers throughout the next Covid wave led to the delay” Before, GSPL, a Gujarat State Petroleum Corp (GSPC) class firm, had suggested to select the pipeline job all of the way to Srinagar, covering a space of the next 750-odd kilometres at the procedure.
But, GSPL left its plans annually because of financial viability problems, the official stated.
Contracts for placing the pipeline infrastructure are given to firms like Kalpataru Power Transmission Ltd and also Hyderabad-based Megha Engineering and Infrastructure Ltd..
More than 93 percent of this job is finished, ” said a GSPC official.
The pipeline project is Part of Prime Minister Narendra Modi’s strategy for its National Gas Grid.
A consortium headed by GSPL has made a special purpose vehicle named GSPL India Gasnet Ltd to execute the undertaking.
GSPL has a 52% stake in the SPV, using Indian Oil Corp Ltd holding 26 percent, and Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd with 11 percent each.
In 2011, Petroleum and Natural Gas Regulatory Board had approved GSPL, a subsidiary of the Gujarat authorities, to put the Bhatinda-Jammu-Srinagar gasoline pipeline.
The project includes 840km primary line of 36 inch diameter and also 785km spur line.
GSPL has put in place a pipeline community of approximately 2,696kilometers, covering 25 districts in Gujarat.
It’s developing cross-country pipeline jobs of over 4,800kilometers covering two countries by its two subsidiaries, GSPL India Gasnet Ltd and also GSPL India Transco Ltd..
The business recently announced its financial results for its fourth quarter of 2021.
Results revealed its combined net profit had risen 8.82percent to Rs 416.68 crore from Rs 382.89 crore.
From the fifth quarter of 2021, the complete gas transmission volumes fell at 33.84 mmsmcd in contrast to 39.36 mmsmcd from the corresponding quarter of the prior calendar year.