India, March 15 -- Brookfield is all set to acquire Reliance Industries' (RIL) East West Pipeline for whopping Rs 13,000 crore. As a part of the transaction, the India Infrastructure Trust (InvIT) sponsored by Brookfield will acquire 100% equity interest in Pipeline Infrastructure (PIPL) which currently owns and operates the Pipeline.

Pursuant to this acquisition by Brookfield, the existing pipeline usage agreement has been reworked. As per the new agreement, the reserved capacity reduced to 33 MMSCMD against the 56 MMSCMD. RIL will transport average gas volume of 22 MMSCMD at the current approved final tariff of Rs 71.66/MMBTU. If the company fails to do so, then it will be liable to pay for unutilized capacity which will be the differenc...