Centre will take a call on hiving off GAIL’s transmission business: CMD

The Centre will take a call on hiving off public sector enterprise GAIL (India) Ltd’s transmission business into a wholly owned subsidiary, according to the company’s Chairman and Managing Director Manoj Jain.

“The marketing and petrochemical business will remain with the parent company, while the transmission business will be hived off into a separate but wholly owned subsidiary by GAIL. This will be done per the directives issued by the Centre,” Jain told reporters here.

“The Union Cabinet is to take a final call on the directives to be issued. GAIL will be able to execute this division within a year of the decision being taken by the Centre,” he added.