GAIL plans to call off contracts worth Rs 270 crore with IL&FS: Report

18 Jan 2019 Evaluate

GAIL India is reportedly planning to call off Rs 270 crore pipe laying contracts with IL&FS. Due to its financial crisis IL&FS is unable to pay its subcontractors and suppliers, which in turn delaying the project. The company is planning to take away the two contracts from IL&FS and award these to others for speedy completion of the project.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.


GAIL India Share Price

210.20 2.15 (1.03%)
26-Apr-2024 09:26 View Price Chart
Peers
Company Name CMP
GAIL India 210.20
Petronet LNG 305.35
Linde India 8397.10
Confidence Petroleum 91.08
Refex Industries 163.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.