Edition:
India

Gail (India) Sees Gas Sales Touching Pre-COVID Levels Shortly- Exec


Wednesday, 24 Jun 2020 

June 24 (Reuters) - GAIL (India) Ltd ::SAYS SALES TO SHORTLY REACH PRE-COVID LEVELS.SAYS HOPES TO INSTALL BREAKWATER AT DABHOL LNG TERMINAL BY AUG 2022.SAYS TAKEN CERTAIN COST CUTTING MEASURES THAT WILL HELP BOOST MARGINS.SAYS SEE ANNUAL CAPEX AT 40 BILLION RUPEES-50 BILLION RUPESS IN COMING YRS.SAYS GAIL TO IMPORT 50 LNG CARGOES IN FY21 VERSUS 44 FROM U.S. IN FY 20.SAYS NOT LOOKING AT ANY DOWNSIZING OF CAPEX DUE TO COVID.SAYS EXAMINING PURCHASE OF STAKE IN INDIA GAS EXCHANGE.