GAIL to consider issuing of bonus shares in next 2-3 months
State gas utility GAIL India Ltd on Tuesday said it will consider issuing bonus shares in the next two to three months.
By PTI |
NEW DELHI: State gas utility GAIL India Ltd on Tuesday said it will consider issuing bonus shares in the next two to three months.
"We are to consider the bonus issues in next 2-3 months," GAIL Chairman and Managing Director U D Choubey told reporters here.
The company plans to almost double investment in pipeline projects to Rs 4,200 crore in 2008-09 fiscal. It has spent almost Rs 2,300 crore on new and existing projects during the current financial year, he said.
The company, which owns a 6,700 kms pipeline network, plans to add another 5,500 kms by 2012.
GAIL would fund its investment partly by borrowing Rs 1,000 crore from Indian and overseas lenders, company Director (Finance) R K Goel said.
"We are to consider the bonus issues in next 2-3 months," GAIL Chairman and Managing Director U D Choubey told reporters here.
The company plans to almost double investment in pipeline projects to Rs 4,200 crore in 2008-09 fiscal. It has spent almost Rs 2,300 crore on new and existing projects during the current financial year, he said.
The company, which owns a 6,700 kms pipeline network, plans to add another 5,500 kms by 2012.
GAIL would fund its investment partly by borrowing Rs 1,000 crore from Indian and overseas lenders, company Director (Finance) R K Goel said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
