GAIL (India) Limited mulls acquisitions. GAIL Chairman B.C. Tripathi said that company had set aside INR 40 billion - INR 50 billion for acquisitions abroad to secure energy resources. Tripathi added that the acquisitions could be in regions such as East Africa or the US and can vary from booking capacity at a new liquefaction unit in the US to securing an equity stake in a hydrocarbon asset.
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07-16 | Indian Equities Achieve New Closing Highs on Tuesday, Led by Realty, FMCG Goods Stocks | MT |
07-16 | GAIL (India) Denies INR7 Billion Investment for Proposed Research and Design Hub | MT |
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