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GAIL Plans to Spend $2 Billion on Acquisitions

10 Jun 2011 Evaluate
GAIL India, the nation's biggest natural gas distributor, may spend as much as $2 billion on acquisitions, including shale gas assets in the US and Australia, to meet fuel demand in India. The company is studying 2-3 shale gas projects in the US and it is also keen on Australia. crackcrack
Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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