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GAIL (India) Ltd has set a target of marketing 84.05 million metric standard cubic metre per day (mmscmd) and transmitting 110 mmscmd of natural gas from domestic sources and through LNG route during the financial year 2013-14.
The annual memorandum of understanding in this regard was signed between the company and the ministry of petroleum and natural gas for performance targets. The MoU provides a production target of 430 TMT of polymers and 1,310 TMT of liquid hydrocarbons. The financial targets are pegged at Rs 49,155 crore of gross sales and a gross margin of Rs 6,160 crore.
In addition to key physical and financial parameters, the company’s performance will be assessed on the basis of various parameters related to core business streams out of which 32% is allocated to key parameters related to implementation of pipeline, petrochemicals, city gas projects, capital expenditure, marketing, mergers and acquisitions and safety.
It also factor in corporate governance, research and development, human resource management, corporate social responsibility (CSR) and sustainable development in line with the latest guidelines issued by the Department of Public Enterprises (DPE).
