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GAIL bifurcation plan put on hold; firm to monetise pipelines through InvIT


The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm s ability to finance the massive infrastructure building plan, a top official said on Thursday.
GAIL is India s biggest natural gas marketing and trading firm and owns 60 per cent of the country s 26,284-km gas pipeline network, giving it a stranglehold on the market.
To resolve the issue, it was proposed that GAIL s pipeline business should be hived off into a separate entity.
GAIL has massive plans to double its pipeline network to 34,000-km and there is a realisation that its ability to borrow funds to fund these should not be hampered, the ministry official involved in the decision-making process said. ....

Infrastructure Investment Trust Inv , India Ltd , Oil Ministry , Infrastructure Investment Trust , உள்கட்டமைப்பு முதலீடு நம்பிக்கை அழைப்பிதழ் , இந்தியா லிமிடெட் , எண்ணெய் அமைச்சகம் , உள்கட்டமைப்பு முதலீடு நம்பிக்கை ,

GAIL bifurcation plan put on hold; company to monetise pipelines through InvIT


GAIL bifurcation plan put on hold; company to monetise pipelines through InvIT
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The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm s ability to finance the massive infrastructure building plan, a top official said on Thursday.
GAIL is India s biggest natural gas marketing and trading firm and owns 60 %of the country s 26,284-km gas pipeline network, giving it a stranglehold on the market.
To resolve the issue, it was proposed that GAIL s pipeline business should be hived off into a separate entity. ....

Infrastructure Investment Trust Inv , India Ltd , Oil Ministry , Infrastructure Investment Trust , உள்கட்டமைப்பு முதலீடு நம்பிக்கை அழைப்பிதழ் , இந்தியா லிமிடெட் , எண்ணெய் அமைச்சகம் , உள்கட்டமைப்பு முதலீடு நம்பிக்கை ,