{"id":399159,"date":"2021-02-05T10:49:19","date_gmt":"2021-02-05T05:19:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399159"},"modified":"2021-02-05T10:53:23","modified_gmt":"2021-02-05T05:23:23","slug":"gail-bifurcation-plan-put-on-hold-firm-to-monetise-pipelines-through-invit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-bifurcation-plan-put-on-hold-firm-to-monetise-pipelines-through-invit\/","title":{"rendered":"GAIL bifurcation plan put on hold, firm to monetise pipelines through InvIT"},"content":{"rendered":"<p>NEW DELHI : The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm&#8217;s ability to finance the massive infrastructure building plan, a top official said on Thursday.<\/p>\n<p>GAIL is India&#8217;s biggest natural gas marketing and trading firm and owns 60% of the country&#8217;s 26,284-km gas pipeline network, giving it a stranglehold on the market.<\/p>\n<p>To resolve the issue, it was proposed that GAIL&#8217;s pipeline business should be hived off into a separate entity.<\/p>\n<p>&#8220;GAIL has massive plans to double its pipeline network to 34,000-km and there is a realisation that its ability to borrow funds to fund these should not be hampered,&#8221; the ministry official involved in the decision-making process said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : The Oil Ministry has put on hold a plan to bifurcate state-owned gas utility GAIL (India) Ltd so as not to dilute the firm&#8217;s ability to finance the massive infrastructure building plan, a top official said on Thursday. GAIL is India&#8217;s biggest natural gas marketing and trading firm and owns 60% of the country&#8217;s 26,284-km gas pipeline network, giving it a stranglehold on the market. To resolve the issue, it was proposed that GAIL&#8217;s pipeline business should be hived off into a separate entity. &#8220;GAIL has massive plans to double its pipeline network to 34,000-km and there [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-399159","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399159"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399159\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}