THE PATRAKAR FACT FIRST,FAST ALWAYS
The Chief Minister’s Office of Madhya Pradesh states that during the construction phase, around 15,000 individuals will find employment, while approximately 5,600 jobs will be created during the operational phase.
Shares of GAIL India advanced 3 percent to Rs 214 in afternoon trade on June 11 after Morgan Stanley maintained its ‘buy’ stance on the counter following the company’s bid to establish a 1,500 KTA ethane cracker project in Madhya Pradesh worth Rs 60,000 crore.
The international brokerage has assigned a price target of Rs 250. That’s an upside of over 20 percent from the current market levels. “The company is diversifying its feedstock,” it said.
The Madhya Pradesh Industrial Development Corporation Limited has initiated the process to allocate approximately 800 hectares of land for the significant project. Once the enablers are in place, GAIL’s board will seek investment approval.
Additionally, a greenfield petrochemical complex is proposed, aiming to produce LLDPE, HDPE, MEG, and propylene. The Chief Minister’s Office of Madhya Pradesh states that during the construction phase, around 15,000 individuals will find employment, while approximately 5,600 jobs will be created during the operational phase.
