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GAIL signs Annual MoU for FY 2008-09
New Delhi, March 27, 2008
GAIL (India) Limited signed Annual Memorandum of
Understanding for performance targets for the Financial Year
2008-09. The MoU was signed between M.S. Srinivasan,
Secretary, Ministry of Petroleum & Natural Gas and Dr. U.D.
Choubey, Chairman and Managing Director, GAIL. 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 targeted 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.
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