Gail (India) is planning to buy 30 cargoes on the spot market in the current fiscal year.
That would nearly double the 16 spot cargoes brought in the 2011-2012 reporting period, which ended 31 March, according to media reports.
Gail boss BC Tripathi revealed the planned spot market spend after the government-controlled gas distributor reported fourth quarter profits of 4.83 billion rupees ($85.5
