GAIL India adopts Bloomberg’s treasury solutions

GAIL India adopts Bloomberg’s treasury solutions

Agency News

Mumbai, May 30: Bloomberg announced on Thursday that the GAIL (India) Limited, India’s largest state-owned natural gas processing and distribution company, has adopted Bloomberg’s treasury solutions to further enhance its risk management needs.

In addition to adopting Bloomberg’s Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing, GAIL is expanding the company’s use of Bloomberg solutions to help further automate its treasury workflow and provide a comprehensive oversight of its accounting risks, a Bloomberg release said

''As our treasury function grows in sophistication and complexity, it was important that we have the right technology to support our needs,'' said A K Tiwari, Director (Finance) at GAIL.

Bloomberg offers a full suite of integrated solutions for the entire risk management workflow that provides powerful treasury functionality underpinned by high quality data. Treasury solutions adopted by GAIL include pre-trade analysis, corporate finance and valuation services. (UNI)