anadian investor Brookfield has acquired the loss-making East West Pipeline Ltd from Mukesh Ambani for Rs. 13,000 crore.
East West Pipeline (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, runs a 1,400-km pipeline from Kakinada in Andhra Pradesh to Bharuch in Gujarat to transport natural gas discovered in the KG Basin block operated by his flagship Reliance Industries.
However, the pipeline, which has capacity to transport 80 million standard cubic metres per day of natural gas, is currently operating at less than 5 per cent capacity as the output from RIL’s KG-D6 block has plummeted.
