• GAIL to set up India’s largest, 1,500-KTA Ethane Cracker project in MP

    GAIL (India) Limited has plans to set up India’s largest, 1,500-KTA Ethane Cracker Project at Ashta in Sehore district of Madhya Pradesh (MP), the company said on Monday. The product will entail an investment of around Rs 600 billion and will have a product slate of various ethylene derivatives. The public sector undertaking (PSU) will seek investment approval for the project from its Board of Directors.

    GAIL said in a regulatory filing to the stock exchanges that it has submitted its request to the Madhya Pradesh state government for providing suitable enablers for the project. “Around 800 hectares of land shall be provided by the MP Industrial Development Corporation Limited, for which the state government has already initiated the process,” said GAIL.

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