{"id":6074,"date":"2008-11-20T00:30:19","date_gmt":"2008-11-20T00:30:19","guid":{"rendered":"http:\/\/151.106.38.4\/2008\/11\/20\/gail-mulls-floating-subsidiaries\/"},"modified":"2008-11-20T00:30:19","modified_gmt":"2008-11-20T00:30:19","slug":"gail-mulls-floating-subsidiaries","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2008\/11\/20\/gail-mulls-floating-subsidiaries\/","title":{"rendered":"GAIL mulls floating subsidiaries"},"content":{"rendered":"<p><img src=\/old_site\/>The state-run gas utility GAIL Ltd may float operations in several subsidiaries, the company said here Wednesday.<br \/>\n&#8220;We need to move aggressively in various sectors. So we are thinking of having subsidiaries which will cover different areas like pipeline transmission, gas distribution, polymer production, city-gas distribution and foreign acquisitions,&#8221; GAIL chairman and managing director U.D. Choubey told reporters.<br \/>\n&#8220;We will need to make a decision on this within a year. After that it will be too late,&#8221; Choubey said.<br \/>\nGAIL, formerly Gas Authority of India, completed 25 years of operations Wednesday.<br \/>\nChoubey said GAIL is set to become a Rs.500-billion company in two years, adding: &#8220;In (another) 25 years, we would be a Rs.2,000-billion company.&#8221;<br \/>\nReferring to the economic slowdown, he said it has not yet impacted his company, saying GAIL had enough cash surplus.<br \/>\nIn addition, he said, the drop in gas price had been offset by an increase in sales.<br \/>\n&#8220;We have calculated that we do not need any loans till 2009-end, by when we hope the situation will improve,&#8221; Choubey said.<br \/>\nAccording to him, the public sector company has a surplus of Rs.140 billion, and generates an annual surplus of Rs.40 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state-run gas utility GAIL Ltd may float operations in several subsidiaries, the company said here Wednesday. &#8220;We need to move aggressively in various sectors. So we are thinking of having subsidiaries which will cover different areas like pipeline transmission, gas distribution, polymer production, city-gas distribution and foreign acquisitions,&#8221; GAIL chairman and managing director U.D. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6074","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/6074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=6074"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/6074\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=6074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=6074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=6074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}