GAIL India Limited Projects in news to invest Rs. 8,800 Crore

The state-run Navratna Company GAIL India, which is engaged in natural gas processing and distribution, has proposed a mega investment of Rs 8,800 crore for the revival of the existing LPG plant at Usar in Raigad district of Maharashtra. The company proposes to convert the plant into a 500 KTPA Polypropylene complex. GAIL India's move comes days after the Maharashtra government signed MoUs for investments worth Rs 61,000 crore in multiple sectors.