GAIL makes highest bid for JBF Petro at ₹1.8k cr.

GAIL has emerged as the highest bidder for JBF Petrochemicals with a ₹1,800-crore resolution plan that is the best of the three offers received for the bankrupt company at the expiry of the August 30 bid deadline, sources in the know told ET.

GAIL has outbid an ONGC-Indian Oil consortium and the Kolkata-based MCPI, the two other bidders.

ET