| Another High Profile Sponsor For India International Regatta 2010 |
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| Written by Administrator |
| Friday, 25 June 2010 13:45 |
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GAIL (India) Limited, India's flagship Natural Gas company, has signed on as the Silver sponsor of India International Regatta, scheduled at Chennai during 03 - 10 October 2010.
![]() GAIL (India) Limited, concluded this understanding today with Yachting Association of India.
The regatta to be sailed off Chennai is expected to see more than 200 sailors from across the world racing in the Optimist and the 29er class of boats, which have been recently acquired by the YAI with assistance of the Ministry of Youth Affairs & Sports, Government of India.
Commenting on the deal, Commodore (Retd) Amarjit Bajwa, Treasurer of the Yachting Association of India said, “We are delighted to have GAIL come on board as the Silver sponsor of the event. It is our privilege to have one of the world’s leaders join hands with us and I extend a hearty welcome on behalf of the entire sailing family. I am confident that together we will create a wonderful experience for the sailing enthusiasts and help make this event even bigger in the days to come.”
Through the conduct of events, India International Regatta which is part funded by Government of India and Government of Tamil Nadu aims to:
More information about the event is available on the event website www.iiregatta.in
About GAIL (India) Limited
GAIL (India) Limited is India’s largest natural gas company having a market share of 79% in natural gas transmission and 70% in natural gas marketing. Apart from natural gas transmission, distribution and processing, the Company has diversified business interests in LPG transmission, petrochemicals, city gas projects and Exploration and Production activities. The Company has presence in Egypt and China through city gas projects and in Myanmar and Oman in E & P. GAIL has set up a wholly- owned subsidiary company viz. GAIL Global (Singapore) Pte. Ltd. in Singapore. Turnover and Profit After Tax during the last ten years have shown a compounded annual growth rate of 13 per cent and 14 per cent respectively. The Company recorded a Turnover of Rs. 237.76 billion (US $ 5.3 billion) and Profit After Tax of Rs. 28.04 billion (US$ 0.62 billion) in the year 2008-09.
GAIL possesses over 7800 km of natural gas pipeline transmission network with a capacity of 157 MMSCMD and is laying five new natural gas pipelines measuring 5000 km. involving a capex of nearly US $ 6 billion, which shall enhance the transmission capacity to around 300 MMSCMD in next two to three years. |