GAIL (India) Ltd.

State-run gas utility - GAIL India is likely to open up a trading desk in Singapore in the next few months that could eventually seek outside customers. Since company’s requirements are growing, it plans to activate its subsidiary as a trading arm in a matter of a couple of months.

The company will first use it for its own requirements then look at trading on a larger platform. It also aims to take advantage of the city-state's favorable tax regime and cater to demand for the fuel in Asia. The company owns India's biggest gas pipeline network of about 8,700 kilometres with capacity to transmit about 170 million cubic metres of gas daily.

Recently, GAIL India (GAIL), planned to borrow $300 million from overseas next month to take benefit of lower interest rates outside the country. The company requires funds for financing pipeline projects. It has tied up $267 million in a rupee-denominated loan from HDFC Bank at 10.03% and is delaying drawing the money as it seeks cheaper funds overseas.