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Government mulling to split GAIL India

16 Jul 2019 Evaluate

The government is mulling to split GAIL (India) by hiving off its pipeline business into a separate entity and selling it off to strategic investors. GAIL is India's biggest natural gas marketing and trading firm and owns more than two-thirds of the country's 16,234 km pipeline network, giving it a stranglehold on the market.

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.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 224.10
Indraprastha Gas 145.25
Mahanagar Gas 1047.25
Adani Total Gas 577.25
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