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No plan to split GAIL: Oil Minister Dharmendra Pradhan
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Last Updated: Mar 15, 2021, 05:39 PM IST
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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.
PTI
The government is not considering any proposal to bifurcate state-owned gas utility
GAIL (India) Ltd, and the company is focused on building pipelines to connect gas sources to consumers to accelerate gas usage, Oil Minister Dharmendra Pradhan said on Monday.
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.
February 1, 2021, 4:28 PM UPDATED: February 1, 2021, 4:28 PM
Representational Photo
The union government on Monday announced the maiden gas pipeline project to be taken up in the union territory of Jammu and Kashmir.
The mega project will be part of the union government’s plan to add 100 more districts of the country in next three years to the City Gas Distribution Network, Finance Minister, Nirmala Sitharaman while presenting the Union Budget-2021 in the parliament, said.
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Shares of three city gas distributors (CGD) were in demand after central government announced plans to add another 100 cities to the city gas distribution network.
Indraprastha Gas (up 1.84%), Adani Total Gas (up 1.31%) and Mahanagar Gas (up 1.04%) edged higher while Gujarat Gas declined 1.62%.
Presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman said that the government will add another 100 cities to the City Gas Distribution network.
The FM also announced the setting up of an independent gas transport system operator.
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Sunil Bharti Mittal, Chairman, Bharti Enterprises The first Budget of this new decade reimagines India in the form of Aatmanirbhar Bharat like never before. Coming in the backdrop of a global pandemic, it boldly spells the government’s growth agenda and march towards building a new and prosperous India. The Budget clearly has the stamp of our Prime Minister with a clarion call for ‘Sabka Saath Sabka Vikas’ and ‘Vocal for Local’. The efforts of the FM to restore economic growth while elucidating a clear road map in the health care, infrastructure and insurance sectors is bound to bring confidence to the industry and global investors, providing a much needed reassurance of the government’s strong support.