GAIL & IndianOil Ink MoU For JV In City Gas Distribution Projects In West Bengal

Gail India Ltd has informed that the Company and Indian Oil Corporation Ltd have entered into an understanding for formation of a Joint Venture for City Gas Distribution projects in West Bengal. A MoU was inked on April 11, 2007 by Shri. A K Purwah, Director (Business Development), of the Company, and Shri. B M Bansal, Director (Planning & Business Development), IndianOil, in the presence of Dr. U D Choubey, CMD, of the Company, and Shri. Sarthak Behuria, Chairman, IndianOil. This will be the second joint venture of the Company and IndianOil for city gas distribution projects in India. The first JV, viz. Green Gas Ltd (GGL), is already operational in Lucknow and Agra, and is planning to expand to other cities of western UP..