GAIL (India) Ltd.

BSE: 532155 | NSE: GAIL
Large Cap | Gas Transmission/Marketing
157.80
-1.10 (-0.69%)
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GAIL Plans to Spend $2 Billion on Acquisitions

Date: 10-06-2011
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