New Delhi, April 25 -- GAIL, the country's leading natural gas company, announced today that it has signed a Memorandum of Understanding (MoU) with Container Corporation of India (CONCOR) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel in the logistics sector.

"GAIL (India) Ltd. and CONCOR have signed a Memorandum of Understanding (MoU) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel for the logistics sector," the company said in today's regulatory filing.

GAIL commands a 66% market share in gas transmission and holds a gas trading share of over 54% in India. GAIL and its subsidiaries/JVs also have a formidable presence in city gas distribution. In the liquefied natural gas (LN...