India’s government is seeking to split state-owned gas infrastructure company Gail into two separate units, according to The Economic Times.
This is to avoid a possible conflict of interest in the company’s role in constructing gas pipelines as well as being the transmission system operator.
Gail’s core business is gas marketing, which provides 70% of its revenue, but transmission is still one of its most profitable activities.
New Delhi plans to merge a number of state-owned companies. Gail could be taken over by Bharat Petroleum or...