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Millennium Post

GAIL determined to repeat this fiscal’s feats in FY14

GAIL (India) Ltd on Monday set a target of marketing 84.05 MMSCMD and transmitting 110.00 MMSCMD of natural gas from domestic sources and through the LNG route in the next financial year (2013-14) under the Annual Memorandum of Understanding signed with the Ministry of Petroleum & Natural Gas for performance targets.

The MoU was signed between Petroleum & Natural Gas Secretary Vivek Rae and GAIL Chairman and Managing Director B C Tripathi in the presence of GAIL Director (Projects) R D Goyal, Director (HR) S L Raina, Director (Marketing) Prabhat Singh, Director (BD) S Venkatraman and Director (Finance) P K Jain. Senior officials from the government were also present on the occasion.

The MoU also provides for an ‘excellent’ production target of 430 tmt of Polymers (HDPE & LLDPE) and 1,310 tmt of liquid hydrocarbons. The excellent financial targets are pegged at Rs 49,155 crore  gross sales and a gross margin of Rs 6,160 crore.


SAIL, NMDC LOOK ALL SET TO SAIL TO NEW HEIGHTS NEXT YEAR


India’s national steel company SAIL has envisaged a much higher level of production in the next financial year (2013-14).

Its expects to achieve this with the scheduled commissioning of several modernised facilities at its different plants and units all over the country.

National Mineral development Corporation Ltd (NMDC), too, envisages higher production in financial year 2013-14 by overcoming evacuation challenges.
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