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GAIL India to spin off marketing business

GAIL India to spin off marketing business
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First Published: Thu, Mar 26 2009. 11 14 PM IST
Updated: Thu, Mar 26 2009. 11 14 PM IST
Mumbai: GAIL (India) Ltd will spin off its marketing business into a separate firm from 1 April to comply with guidelines set by the petroleum regulator, ‘The Economic Times’ said on Thursday. “We have already separated accounts for transportation and marketing businesses. Now, the two entities will be legally separated from next financial year,” the newspaper quoted chairman and managing director U.D. Choubey as saying.
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First Published: Thu, Mar 26 2009. 11 14 PM IST