GAIL plans to launch pipeline InvIT before the proposed split

GAIL plans to launch an infrastructure investment trust (InvIT) of its two gas pipelines between Dahej and Bengaluru, ahead of a proposed splitting of the pipeline business from the gas marketing function. These pipelines are Dahej-Uran-Panvel-Dabhol and Dabhol-Bengaluru. GAIL will retain a majority stake in the pipelines that run from Dahej in Gujarat to Dabhol in Maharashtra and from there to Bengaluru in Karnataka. The InvIT may involve selling 10-20 per cent stake initially. The two pipelines proposed for the InvIT have incurred over Rs 30 billion spending.