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GAIL conferred with Outstanding PSU of the Year Award
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| merisarkar news service April 21, New Delhi |
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BC Tripathi with P. Chidambaram
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India's premier public sector gas transportation utility - GAIL (India) limited has been conferred the 'Managing India Award' for the 'Outstanding PSU of the Year' by All India Management Association. GAIL is the first PSU to be conferred this award.
BC Tripathi, Chairman and Managing Director, received the award from P. Chidambaram, Minister for Home Affairs in a function held at New Delhi on Thursday.
The event was attended by luminaries from across different fields including industry, media, healthcare and art.
The Award has been given to GAIL in recognition of its outstanding performance and its contribution towards the growth of the nation - economy, development of human resource, innovation and technology and building an equitable society.
The company has been earlier ranked the number one gas utility in Asia and number two gas utility in the world by Platts, an eminent petroleum research and publishing house. With this award GAIL has added another feather to its cap.
GAIL (India) Ltd., is India's principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.
The Company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations.
GAIL has set up a wholly-owned subsidiary company viz. GAIL Global (Singapore) Pte. Ltd. in Singapore. GAIL has formed a Joint Venture with China Gas Global Energy Holdings Limited. GAIL and China Gas are equal partners in this JV which has been registered in Bermuda.
This is the first Joint Venture Company of GAIL abroad. In order to have a long term association with China Gas and also to expand business in the fast downstream Chinese gas sector, the Joint Venture (JV) will pursue opportunities in CNG, City Gas, Pipeline, CBM, LNG and E&P projects.
GAIL is pursuing business opportunities in regions such as South /South-East Asia, West Asia, Russia and Central Asian Republics and African continent in the areas of exploration and production, gas transmission, CNG and city gas distribution, LNG and petrochemicals.
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