GAIL India Ltd on Wednesday said it plans to acquire a small or medium sized exploration and production company.
GAIL chairman Prashanto Banerjee said they are receiving proposals for acquiring such a company, which helps
them in ENP activity. He, however, refused to set any time limit or investment for the acquisition. "We expect to qualify as an operator either for fresh gas blocks or one of the existing ones shortly." Banerjee said after the company's AGM.
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