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GAIL India Ltd has been conferred the ‘Outstanding PSU of the Year’ award by All India Management Association (AIMA).
GAIL Chairman and Managing Director, Mr B C Tripathi, received the ‘Managing India Award’ for the ‘Outstanding PSU of the Year’ from Home Minister, Mr P Chidambaram, at a function last evening, GAIL said in a press statement here.
“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 statement said.
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.
GAIL is India’s principal natural gas company with activities ranging from gas transmission and marketing to processing (for fractionating LPG and propane); 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 and production through equity and joint venture participations.
GAIL owns and operates a network of around 8,000 km of natural gas high pressure trunk pipeline with a capacity to carry 180 million standard cubic meters of natural gas per day.
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