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Posted on: Dec. 25, 2017, 11:31 a.m.
The government's 54.89% stake in GAIL is currently worth about Rs 46,700 crore. : Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) are both keen to acquire gas utility GAIL India Ltd to become fully integrated energy companies. IOC and BPCL have separately indicated to the petroleum ministry their interest in taking over GAIL to help add natural gas transportation and marketing business to their kitty, official sources said. GAIL, on the other hand, feels a merger with … Full investment news article