GAIL submits new InvIT proposal to monetise Rs 5,000-crore assets

The last PPPAC meeting was in December, according to its website and there is no clarity on when the next one will be held

After highways and power infrastructure, the next sector of government-owned infrastructure that might be monetised through the infrastructure investment route (InvIT) could be gas pipelines, with GAIL (India) submitting a proposal to monetise about Rs 5,000 crore, Business Standard has learnt.

This comes after an earlier proposal by GAIL for an InvIT was asked to be refined and reconsidered by the Public Private Partnership Appraisal Committee (PPPAC) as GAIL wanted to keep operational control of the pipeline projects in question.

“GAIL has submitted a fresh proposal after taking into account the feedback in the PPPAC meeting in August 2021,” said