Updated Jan 27, 2021 | 15:26 IST GAIL will be the second state-run entity to dilute stake in projects through InvIT. The power ministry had in September 2020 secured Cabinet approval for PowerGrid to monetise transmission lines. Representational image New Delhi: The government is looking to monetise pipeline assets worth about Rs 6,000 crore built by India’s largest gas utility GAIL through the InvIT (Infrastructure Investment Trust) route as the pandemic spooks bigticket disinvestments such as of Bharat Petroleum, the Times of India mentioned in a report. The oil ministry is conducting discussions about an InvIT in parallel to preparations for carving GAIL’s countrywide gas pipeline network into a fully-owned subsidiary, the publication mentioned adding that the ministry may seek Cabinet approval, although technically the GAIL board can decide to divest stake in pipelines through InvIT.