GAIL may float arm to set up CNG outlets
GAIL India, the country's largest transporter and marketer of natural gas, is looking at the possibility of floating a subsidiary to set up compressed natural gas (CNG) outlets along the highways where it has its pipelines. The company is targeting to become a Rs 50,000 crore company by 2011. The company plans to set up these outlets under its CNG corridor plan and has already identified in the areas Delhi-Agra-Lucknow highway and on the Mumbai-Pune highway.