GAIL Chairman BC Tripathi said on July 25 that the company needs to buy 13 cargoes this fiscal year to March out of its planned 34. GAIL received 7 cargoes in the first quarter of the fiscal year, Tripathi said. He added that contracts for 21 cargoes have already been finalised.
GAIL received 12 cargoes in the last fiscal year. He also said GAIL plans to issue a Rs 10 billion ($169.23 million) bond next quarter.
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