Home » GAIL aims transmission of 110 mmscmd of gas in FY14

GAIL aims transmission of 110 mmscmd of gas in FY14

GAIL aims transmission of 110 mmscmd of gas in FY14
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According to a company statement, state-owned gas utility GAIL India agreed to aim transmission of 110 million standard cubic meter per day (mmscmd) of natural gas through its pipeline network in 2013-14.

The company aims to sell 84.05 mmscmd of gas during the year, according to the performance memorandum of understanding (MoU) signed by the company with the government.

BC Tripathi, Chairman and Managing Director of GAIL signed the MoU with Oil Secretary Vivek Rae. It provides for production target of 430,000 ton of polymers and 1.3 million ton of liquid hydrocarbons.

For 2013-14, “financial targets are pegged at Rs 49,155 crore gross sales and a gross margin of Rs 6,160 crores,” it said.

In addition to key physical and financial parameters, the company’s performance will be assessed on the basis of various parameters related to core business streams.

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