Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
GAIL delays `3,000cr pipeline projects over land acquisition hurdles
GAIL has delayed its pipeline projects worth `3,000cr due to problems in acquiring land.
However, the company has sought the Environment Ministry's help in resolving the issue.
The company informed that its Dadri-Bawana-Nangal project will be delayed by six
months and its Dahej-Vijaipur project will be delayed by five months if the land acquisition
issue was not resolved quickly. The government has recently proposed a new land
acquisition bill, which promises higher compensation and rehabilitation to those whose
land is acquired for development. We believe the government’s new land acquisition bill
would help in speeding up the land acquisition process. Meanwhile, we maintain our Buy
rating on the stock with a target price of `516.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
GAIL delays `3,000cr pipeline projects over land acquisition hurdles
GAIL has delayed its pipeline projects worth `3,000cr due to problems in acquiring land.
However, the company has sought the Environment Ministry's help in resolving the issue.
The company informed that its Dadri-Bawana-Nangal project will be delayed by six
months and its Dahej-Vijaipur project will be delayed by five months if the land acquisition
issue was not resolved quickly. The government has recently proposed a new land
acquisition bill, which promises higher compensation and rehabilitation to those whose
land is acquired for development. We believe the government’s new land acquisition bill
would help in speeding up the land acquisition process. Meanwhile, we maintain our Buy
rating on the stock with a target price of `516.
No comments:
Post a Comment