PSU IN MEDIA
GAIL may remain a separate vertical under mega oil company
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
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY
News Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh