GAIL may partner with strategic investors for city gas distribution business
Gas utility GAIL India is looking to partner with financial and strategic investors for its subsidiaries and joint venture companies in the city gas distribution business, a senior company official told FE.
“In view of the heavy capital expenditure involved in building a city gas distribution network, the company may evaluate proposals from both strategic as well as financial investors in its joint ventures and subsidiaries that are focused on city gas distribution,” the official said.
GAIL has a total of nine subsidiaries and joint ventures that are involved in supplying natural gas in various states across the country. These include Indraprasth Gas, Mahanagar Gas and GAIL Gas.
