The Exchange had sought clarification from Gail (India) with respect to news article appearing in Economic Times on July 17, 2015 titled ‘GAIL plans to buy US shale gas asset for $1.5 billion to meet future Indian demand’. Gail (India) replied stating that this is to inform that though GAIL operates in all the segments of the gas value chain (that is, Upstream, Midstream and Downstream) and continues to scout for business opportunities, however, at present, there is no concrete discussion or proposal for buying any US Shale gas asset.
The above information is a part of company’s filings submitted to BSE.
