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GAIL signs MoU for FY 2007-08


Published Mar 30, 2007
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GAIL signs MoU for FY 2007-08-Spotlight

GAIL (India) Limited on Thursday signed annual Memorandum of Understanding for performance targets for the Financial Year 2007-08. The MoU was signed by Mr. M.S. Srinivasan, Secretary, Ministry of Petroleum and Natural Gas and Dr. U D Choubey, Chairman and Managing Director, GAIL.

During the year 2007-08, to achieve the ‘Excellent target’, the company has targeted for transmission of 81.01 MMSCMD of natural gas from domestic sources and through LNG route. It includes the gas marketing target of 70.14 MMSCMD. The MoU also provides for an ‘excellent’ production target of 3,78,858 MT of polymers (HDPE and LLDPE) and about 12,17,500 MT of liquid hydrocarbons.

The company’s performance will be assessed on key financial parameters as also dynamic parameters such as Project Implementation, Gas Sourcing, Customer Focus, Safety, Enterprise-Efficiency etc.




   

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