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GAIL India

GAIL Q2 Results: Net profit up 10% Rs 2,690 crore

GAIL Q2 Results: Net profit up 10% Rs 2,690 crore

Tue, Nov 05, 2024

GAIL Q2 Results: State-owned GAIL (India) Ltd reported 10 per cent rise in September quarter net profit after an increase in earnings from gas transmission business and turnaround in petrochemical business neutralised fall in marketing margin.

Maharatna PSU stock to buy: MOFSL recommends buying this multi-bagger stock for 2-3 days; check target price

Maharatna PSU stock to buy: MOFSL recommends buying this multi-bagger stock for 2-3 days; check target price

Tue, Jul 09, 2024

Maharatna PSU stock to buy: The brokerage has chosen GAIL (India) as its technical pick for a short-term investment. It has given a target price of Rs 245. The shares of GAIL closed at Rs 230 each on Monday, July 8. This means the share may provide returns of up to 6 per cent from its last closing price.

GAIL commissions its first green hydrogen plant under national green hydrogen mission

GAIL commissions its first green hydrogen plant under national green hydrogen mission

Sat, May 25, 2024

According to GAIL, this Green Hydrogen plant can produce 4.3 TPD of hydrogen through 10MW PEM (Proton Exchange Membrane) Electrolyzer units, by electrolysis of water using renewable power.

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GAIL India gets future ready, to set up battery charging stations for electric vehicles, build solar plants

GAIL India gets future ready, to set up battery charging stations for electric vehicles, build solar plants

Tue, Sep 04, 2018

“We have the country’s biggest network of pipelines and gas marketing infrastructure. We want to leverage for emerging business opportunities,” he said. “We want to be future ready.” It is looking at possibilities of setting up battery charging stations for e-vehicles at CNG dispensing stations in a bid to diversify its portfolio beyond gas and petrochemicals.

Shell, BP for splitting GAIL's gas transmission, marketing business

Shell, BP for splitting GAIL's gas transmission, marketing business

Tue, Jul 24, 2018

The petroleum ministry is looking at splitting GAIL into two firms to resolve the conflict of interest in it being both the transporter and marketer of natural gas.

SBI, IndiGo among five stocks that are hogging limelight today

SBI, IndiGo among five stocks that are hogging limelight today

Thu, Jun 21, 2018

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.05 percent firmer, while Japan's Nikkei edged up 0.12 percent in thin trade. Futures for the S&P 500 ESc1 added 0.14 percent as traders waited for new developments on global trade.

Petrol, diesel prices stay at record high; Gail pushes CNG usage, ties with Uber to provide saving up to Rs 15K on fuel

Petrol, diesel prices stay at record high; Gail pushes CNG usage, ties with Uber to provide saving up to Rs 15K on fuel

Wed, Jun 20, 2018

Under this deal, GAIL Gas will provide free CNG to the first 500 cars joining under the programme, capped at a maximum of Rs 10,000 per car.

India does a first, starts importing LNG from US, follows post ban deal on oil

India does a first, starts importing LNG from US, follows post ban deal on oil

Tue, Mar 06, 2018

After crude oil, India today began importing natural gas from the US, with the first shipment of LNG under a 20-year deal being flagged off from Louisiana. State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy's Sabine P

Gail India's Q3FY18 PAT grows by 28% yoy, issues bonus share

Gail India's Q3FY18 PAT grows by 28% yoy, issues bonus share

Mon, Feb 12, 2018

On quarterly basis, Gail India's Q3FY18 net profit declined by 3.61% from Rs 1,309.63 crore of the preceding quarter.

ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

Tue, Jan 23, 2018

To purchase 51.11% stake in HPCL, the state-owned Oil & Natural Gas Corp (ONGC) needs to pay about Rs 36,915 crore to the government.

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

Mon, Dec 25, 2017

The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".

GAIL, GSPL fight over who will transport ONGC gas

GAIL, GSPL fight over who will transport ONGC gas

Sun, Aug 06, 2017

GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore.

Shell, Engie exit Andhra Pradesh LNG project

Shell, Engie exit Andhra Pradesh LNG project

Tue, May 23, 2017

Royal Dutch Shell, Europe's largest oil firm, and French energy major Engie have exited a floating LNG import terminal project at Kakinada in Andhra Pradesh over concerns about demand for imported gas in India.

India's GAIL signs 1st time-swap deal for U.S. LNG with Gunvor

India's GAIL signs 1st time-swap deal for U.S. LNG with Gunvor

Fri, Mar 03, 2017

It is the first time-swap agreement by GAIL, which is trying to juggle its LNG portfolio to cut costs for price-sensitive Indian customers after a sharp fall in Asian spot prices made its U.S. gas unattractive.

Gail India's net profit clocks three-folds jump yoy to Rs 1335 crore

Gail India's net profit clocks three-folds jump yoy to Rs 1335 crore

Wed, Sep 07, 2016

Largest gas transmission company - Gail India's net profit for the June quarter ended 2016 (Q1FY17), recorded three-folds jump on the back of robust other income.

Urban India to gain from Gail-Bloom Energy partnership; shares up 2%

Urban India to gain from Gail-Bloom Energy partnership; shares up 2%

Tue, Aug 23, 2016

Minister of State for petroleum and natural gas, Dharmendra Pradhan said,"The biggest beneficiary of this MoU will be urban India as it will significantly decrease pollution caused by back up power."

Mahanagar Gas gets oversubscribed by 1.08 times on 1st day

Mahanagar Gas gets oversubscribed by 1.08 times on 1st day

Wed, Jun 22, 2016

In the data, Qualified institutional buyers (QIB) recorded bid of around 89,07,395 which 1.82 times from 48,98,900 shares offered. The Non-institutional investors managed to withdraw around 23% of the reserved shares.

Mahanagar Gas IPO opens today; should you subscribe?

Mahanagar Gas IPO opens today; should you subscribe?

Tue, Jun 21, 2016

Mahanagar Gas Limited (MGL) is the sole distributor of Compressed National Gar (CNG) & Piped Natural Gas (PNG) in Mumbai, its adjoining areas and Raigad district (Maharashtra). The company has a supply network of over 4,646 km of pipelines, which involves 4,231 km of polyethylene pipeline and 415 km of steel pipeline as of FY16.

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