OREANDA-NEWS. State-owned gas utility GAIL India Ltd is targeting sale of 84.05 million standard cubic meters per day of natural gas in 2013-14. In the performance MoU the company signed with the government, GAIL committed to transmit 110 mmscmd of natural gas through its pipeline network, the company said in a press statement here. The MoU was signed between Oil Secretary Vivek Rae and GAIL Chairman and Managing Director B C Tripathi here today.

It provides for production target of 430,000 tons of polymers and 1.3 million tons of liquid hydrocarbons. For 2013-14, "financial targets are pegged at Rs 49,155 crore gross sales and a gross margin of Rs 6,160 crores," it said. In addition to key physical and financial parameters, the company's performance will be assessed on the basis of various parameters related to core business streams.