GAIL targets sale of 84.05 mmscmd gas in FY14

State-owned gas utility GAIL India Ltd is targeting sale of 84.05 million standard cubic meters per day (mmscd) of natural gas in 2013-14.

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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 in New Delhi.

The MoU was signed between oil secretary Vivek Rae and GAIL chairman and managing director BC Tripathi in New Delhi on Monday. It provides for production target of 430,000 tonne of polymers and 1.3 million tonne of liquid hydrocarbons.

For 2013-14, "financial targets are pegged at Rs 49,155 crore of gross sales and a gross margin of Rs 6,160 crore," 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.