(PTI)
State-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said. The nation’s largest gas marketer and shipper has adopted a revised strategic plan identifying priority business initiatives. “This strategic plan will help us to address our challenges in changing industry scenarios and provide new areas for growth with geographic expansion,” he said in the company’s latest annual report.
GAIL transports over 70 per cent of all gas shipped in the country through its network of 12,426-km network of natural gas trunk pipelines. It sells 55 per cent of all natural gas in the country and petrochemical plants at Pata and Lepatkata in Assam that gives it a 17.5 per cent market share.
