New Delhi, Mar 25: GAIL (India) Ltd today signed the Annual Memorandum of Understanding (MoU) for performance targets for the Financial Year 2008-09 under which the Company has targeted for Gas Transmission of around 81.5 MMSCMD of natural gas from domestic sources and through LNG route.
The MoU was signed between Ministry of Petroleum and Natural Gas Secretary M S Srinivasan and GAIL Chairman and Managing Director U D Choubey. The targeted Gas Transmission includes the Gas Marketing target of around 70 MMSCMD. The MoU also provides for production target of 390 TMT of Polymers (HDPE and LLDPE) and 1,260 TMT of Liquid Hydrocarbons.
The Company's performance will be assessed on key financial parameters and also dynamic and sector, enterprise-specific parameters such as Gas Sourcing, E&P and CBM, City Gas Projects, Pipeline Projects Implementation, Business Development and Globalization, Safety, Customer Focus, Quality Management etc.