Reuters Market Eye - Shares in GAIL (India) Ltd
The oil ministry has reasoned that because GAIL, as a gas producer, does not make windfall profits when international crude oil and gas prices soar, it should not be held liable for subsidies, the newspaper reported.
A GAIL spokesman declined to comment.
Oil ministry officials also did not comment on the media report.
(Reporting by Abhishek Vishnoi)