NEW DELHI: Amid talks of merger of public sector oil and gas companies, the government is considering a proposal to split GAIL (India) with the marketing operations spun off into a separate company. "It is like building a road and also deciding who can ply and at what cost," said a source, who did not wish to be identified. Last year, GAIL earned over 70% revenue from marketing operations, while over 40% of the profit came from natural gas transmission. The sources, however, said the government would first prefer to unbundle GAIL before deciding on consolidation. Although the government is discussing the plan, sources clarified, there is no formal decision on the issue, which will be finalised only after consultation with all stakeholders.

Source: Times of India January 03, 2018 21:11 UTC