GAIL (India) has proposed two pipelines to initially be monetised through the Infrastructure Investment Trust (InvIT) route. A proposal for the same is awaiting a nod from the centre and earlier plans to completely monetise the pipeline business of the company at one go are now on the back burner.
Responding to a query on the unbundling of marketing and transportation business of GAIL, Chairman and Managing Director, Manoj Jain said, “There is presently no pending proposal in this regard, however, we are initiating a process for the monetisation through InvIT process for two pipelines initially. A proposal in this regard has been sent to the Ministry of Petroleum and Natural Gas. Once we get the clearance from Ministry, then we will be working on this monetisation through INVIT.”
