Gail may partner with RIL for petrochem foray
Gail may partner with RIL for petrochem foray Gail India is planning to partner with private sector giant Reliance Industries (RIL) to set up a new petrochemicals plant overseas, reports NDTV Gail has identified Qatar and Egypt as the two countries where it will set up the plant. >GAIL has already entered into a tie-up with Reliance Industries for transporting its KG basin gas and now petrochemicals seems to be a natural extension of this partnership. Gail is working towards expanding its existing Pata plant and also a new plant in India. Shares of Gail gained (Q, N,C,F)* Rs 11.15 , or 3.07%, to end at Rs 374.65. The total volume of shares traded was 1,032,024 at the BSE (Wednesday).
