GAIL (INDIA) LTD. - Clarification from Gail (India) Ltd

The Exchange had sought clarification from Gail (India) Ltd with respect to the news article in the Media that there are casualties feared in GAIL gas pipeline burst in East Godavari district.<br/><br/>Gail (India) Ltd has replied as under:<br/><br/>"today morning around 5:45 a.m. fire incident was reported along our Tatipaka-Kondalpalli natural gas pipeline (204 KM). Location of incident is near ONGC/GAIL Tatipaka installation. The pipeline section (17 KM) has been isolated and preliminary reports suggest damage of the pipeline to the extent of 1.5 meters length. Fire has been extinguished.<br/><br/>GAIL Helpdesks at respective Hospitals has been set up as there were casualties. Top Management of GAIL is stationed at GAIL Crisis Management Control Room.<br/><br/>GAIL is covered under Public Liability Insurance upto Rs. 15 crores p.a. and Industrial Insurance upto Rs. 400 cores p.a. Insurance is taken for the gas in the pipelines, however, insurance for pipeline is not taken as per Company's policy. Loss in revenue is expected to be nominal. The exact cause of the incident is yet to be ascertained."