GAIL to set up India's largest ethane cracker project at investment of Rs 60,000 cr in MP

A 70 hectare township is also proposed in the project. The ground breaking ceremony of the project is expected to take place by next February and commercial production is expected to start in the financial year 2030-31

GAIL, the country's top gas supplier, has announced that it intends to set up 1500 KTA ethane cracker project at Ashta, district Sehore in Madhya Pradesh, having product slate of various ethylene derivatives. GAIL said that the project will entail projected investment of Rs 60,000 crore

In an exchange filing, the company said that it has submitted its request to the Madhya Pradesh government for the for providing suitable enablers for the project.

Around 800 hectares of land shall be provided by the MP Industrial Development Corporation Limited, for which state government has already initiated the process. Investment approval from GAIL's Board shall be sought after favourable outcome on enablers."

"It is noteworthy that this project involving an investment of about Rs 60,000 crore will be the country's largest ethane cracker project. A green field petrochemical complex is also proposed in this project. Under this, petrochemicals like LLDPE, HDPE, MEG and propylene will be produced. Through this project, 15,000 people will get employment during the construction period and about 5,600 people will get employment during the operation period," according to a statement by Chief Minister's Office of Madhya Pradesh.

A 70 hectare township is also proposed in the project. The ground breaking ceremony of the project is expected to take place by  February 2025 and commercial production is expected to start in the financial year 2030-31.

Shares of GAIL were trading almost flat on Monday at ₹207.90.