Though the government plans to merge state-run oil company 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. FM Arun Jaitley in his Budget last week announced the government’s plan to merge state-run oil & gas entities to create an integrated company, which will have the bandwidth to take on international and domestic private oil & gas companies. He said it will provide the merged entity “capacity to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders”. Read More…
Credit By : Financial Express
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