GAIL (India) wins ‘Company of the Year’ award 09/09/2014

GAIL (India) wins ‘Company of the Year’ award
09/09/2014 15:11
India’s largest state-owned natural gas processing and distribution company Gail (India) Ltd on Tuesday said that it has been awarded ‘Company of the Year’ award under the category of ‘Project Management’ for its Dabhol - Bengaluru natural gas pipeline project.
Further, the award was presented at the function of Petroleum Federation of India (PetroFed) Oil & Gas Industry Awards 2013, the company said in a statement.
In a filing to the Bombay Stock Exchange, the company informed, “GAIL adjudged ‘Company of the Year’ for Project Management for Dabhol - Bengaluru pipeline.”
The 1,000 km-long Dabhol-Bangaluru pipeline, which connects south India to the national gas grid, was built at an investment of Rs 4,500 crore. Completed within cost, the pipeline construction was carried out in highly undulating Western Ghats and met all norms of health and occupational safety.
Commenting on the development, Petroleum and Natural Gas, Secretary, Saurabh Chandra said, Government is actively working towards expanding the pipeline projects for natural gas grid. He mentioned that the survey work had been started for GAIL’s 2,050 km Jagdishpur-Phulpur-Haldia pipeline which will cover four states in eastern India i.e. West Bengal, Bihar, Jharkhand and UP.
Meanwhile, shares of the company were trading at Rs 458.30, up 0.98 per cent, from previous close on BSE at 15:12 hours.