GAIL aims to double revenue on Rs 1L-cr Capex in 5 yrs
New Delhi: GAIL is planning to double its revenue and expand profit by 50% in five years, aided by a planned capex of Rs 1lakh crore in new pipelines, city gas and petrochemicals projects, chairman Manoj Jain has said.
GAIL, which recorded a profit of Rs 6,000 crore on a revenue of Rs 75,000 crore in the previous fiscal, expects contributions from transmission and gas marketing to rise in its overall revenue over the next five years.
“Revenue-wise gas prices may not be that high. Marketing, trading will also be slightly bigger, but petrochemicals, we feel that since other players are also coming, the market will have more capacity and our share in the market may be slightly lower.
