Bulletin Updates

GAIL bifurcation plan put on hold; co to monetise pipelines through InvIT – 5 Feb 2021

Feb 05, 2021

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.

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