GAIL signs MoU with Govt for performance targets

26 Mar '08

1 min read

GAIL (India) Limited here signed Annual Memorandum of Understanding with the Government of India for performance targets of GAIL for the Financial Year 2008-09.

The MoU was signed by Mr.M.S. Srinivasan, Secretary, Ministry of Petroleum & Natural Gas on behalf of Government of India and Dr. U.D. Choubey, Chairman and Managing Director, GAIL on behalf of the company. Senior officials from the Government and Directors of GAIL were also present on the occasion.

During the FY 2008-09, to achieve the Excellence in performance, the Company has been assigned a target for Gas Transmission of around 81.5 MMSCMD of natural gas from domestic sources and through LNG route.

It includes the Gas Marketing target of around 70 MMSCMD. The MoU also provides for an 'Excellent' production target of 390 TMT of Polymers (HDPE & LLDPE) and 1,260 TMT of Liquid Hydrocarbons.

The Company's performance will be assessed on key financial parameters and also dynamic and sector / enterprise-specific parameters such as Gas Sourcing, E&P and CBM, City Gas Projects, Pipeline Projects Implementation, Business Development & Globalization, Safety, Customer Focus, Quality Management etc.

Press Information Bureau Government of India

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