India Infrastructure Trust to acquire PIPL for $2.4bn.

India Infrastructure Trust, an infrastructure investment trust set up by Brookfield, agreed to acquire PIPL, a transport, storage and communications business, from Reliance Industries, an Indian multinational conglomerate company, for $2.4bn. Considering the new investments in the upstream sector in the KG basin, and the growing LNG imports, ability to swap gas, the average volume expected to be transported through the pipeline is expected to be significantly higher compared to the current levels.