PSU IN MEDIA

GAIL may remain a separate vertical under mega oil company

  • by Psu Connect
  • Date: 07-02-17

NEW DELHI . Though the government plans to merge state-run oil companies to create a behemoth t o take on competition from overseas integrated players, gas major GAIL (India) — which comes under the ambit of the proposal — may remain a separate vertical even in a merged entity. 
 
“Though it is difficult to say what structure the mergers will have, our kind of business matches with nobody. Even if one company is created, probably GAIL will remain a separate vertical,” said a senior company executive requesting not to be named. 
 
However, oil minister Dharmendra Pradhan later clarified that not all companies will be merged together and the idea, which is at a deliberation stage, will look to align different capabilities.Financial Express

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