The Cabinet Committee on Economic Affairs approved Rs 5,559 crore in viability gap funding for a 1,656 km gas grid in the Northeast region.
This is around 60 per cent of the project cost of Rs 9,256 crore for the pipeline in the region's eight states, by Indradhanush Gas Grid (set up by state-run Indian Oil Corporation, Oil and Natural Gas Corporation, GAIL, Oil India, and Numaligarh Refinery), is to supply industries, homes and transport vehicles.
This is around 60 per cent of the project cost of Rs 9,256 crore for the pipeline in the region's eight states, by Indradhanush Gas Grid (set up by state-run Indian Oil Corporation, Oil and Natural Gas Corporation, GAIL, Oil India, and Numaligarh Refinery), is to supply industries, homes and transport vehicles.
“At present, of the 75 million standard cubic metres a day (mscmd) of natural gas produced in India, around 15 mscmd or 20 per