NEW DELHI: Prime Minister Narendra Modi’s administration is considering a plan to spin off the gas transmission business of GAIL India Ltd., the nation’s largest gas utility, into a separate unit, according to people with knowledge of the matter. The oil ministry is seeking approval from the cabinet for splitting the transmission business from the gas marketing operations, the people said, asking not to be identified as the matter is not public. GAIL owns two-third of India’s operating gas transmission network, and the pipelines operation accounts for close to 40% of its earnings. GAIL’s pipeline network runs over 6,800 miles across the country and the company is investing about $10 billion is expanding the network. The company has also started a web portal for online booking of gas transportation capacity.

Source: Mint July 15, 2019 07:41 UTC