In a bid to part-fund its capital expenditure in the current fiscal, State-owned gas utility GAIL (India) is planning to raise Rs 1,000 crore through issue of bonds. The nation’s largest gas marketing and transmission firm plans to invest Rs 7,500 crore in current fiscal, mostly in pipeline expansion. The capex in 2013-14 is higher than Rs 6,500 crore investment in the previous financial year.
GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.
