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CPMA Member Companies News - GAIL INDIA Ltd.

GAIL signs Rs 20 bn loan agreement with SBI to meet capex requirement

Business Standard, 1st May 2019

State-owned gas utility GAIL India on Tuesday said it has borrowed Rs 20 billion loan from State Bank of India (SBI) to meet its general capital expenditure requirement.Read More


Govt aims to split GAIL by March 2019 to open up gas sector, hopes to increase number of gas consumers

firstpost.com, 27th Apr 2018 

Government plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the sector’s regulator told Reuters.Read More


Gail to receive LNG cargo from Gazprom in May 

thehindubusinessline.com, 12th Apr 2018  

India's biggest state-owned natural gas supplier and marketer, Gail Ltd, will get its first gas cargo from Gazprom in May, its chairman told Reuters. “We plan to get half a million tonne of gas this year, which means around 8 cargoes,” Gail Chairman and Managing Director B C Tripathi said.Read More


First US LNG cargo shipment arrives at Dabhol LNG terminal

livemint.com, 1st Apr 2018 

In a milestone for India’s new energy sourcing strategy, the first long-term liquefied natural gas (LNG) US cargo from the Houston-based Cheniere Energy Inc. arrived at the Dabhol LNG terminal in Maharashtra on Friday.Read More


Gail India proposes 7 U.S. LNG cargo swaps from Cove Point facility

energy.economictimes.indiatimes.com, 16th Mar 2018  

Gail India proposes swapping seven LNG cargoes across May-October 2018, according to the tender document and traders.Read More


Gail India buys 2 LNG cargoes for April delivery-traders

livemint.com, 13th Mar 2018 

Gail (India) Ltd bought two liquefied natural gas (LNG) cargoes for delivery in April through a tender, traders said on Tuesday.Read More


GAIL Q3 profit up 28%, revenue beat estimates but operating margin contracts; announces 1:3 bonus

moneycontrol.com, 12th Feb, 2018 

State-run natural gas processing and distribution company GAIL has reported profit growth of 28.4 percent year-on-year at Rs 1,262.2 crore for quarter ended December 2017 was lower than CNBC-TV18 poll estimates of Rs 1,321 crore.Read More


GAIL places ₹440-cr order for pipeline to Urja Ganga

thehindubusinessline.com, 2nd Feb 2018 

GAIL (India) Ltd has placed an order worth ₹440 crore for laying 350-km pipeline from Vijaipur in Madhya Pradesh to Auraiya in Uttar Pradesh. A company statement said this is part of the spurline of 665 km from Vijaipur to Phulpur in Uttar Pradesh to the existing upgradation pipeline system.Read More


GAIL renegotiates LNG deal with Gazprom

livemint.com, 16th Jan 2018 

Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia’s Gazprom PJSC, the Indian company said on Tuesday, in third such negotiation by India to make the imported fuel affordable to its price-sensitive customers.Read More


GAIL to extend Urja Ganga gas pipeline to Guwahati

moneycontrol.com, 11th Jan 2018

State-owned GAIL plans to extend the ambitious Urja Ganga natural gas pipeline project to Guwahati to connect the north-eastern region with grid, Oil Minister Dharmendra Pradhan said today.Read More


GAIL to focus on pipelines, marketing can be done by anyone: PradhanGAIL to focus on pipelines, marketing can be done by anyone: Pradhan

timesofindia.indiatimes.com, 10th Jan 2018 

Amid talk of spinning off gas marketing business of GAIL India Ltd into a separate company, Oil Minister Dharmendra Pradhan today said the state-run firm should focus on building natural gas pipelines as marketing can be done by "anyone".Read More


GAIL (India) renegotiating LNG deals with U.S. companies- minister

economictimes.indiatimes.com, 19th December 2017

Indian gas firm GAIL (India) Ltd is renegotiating its liquefied natural gas purchase deals with U.S.-based Cheniere Energy and Dominion Cove Point, Oil Minister Dharmendra Pradhan told lawmakers on Monday.Read More


GAIL to sign pacts with Tata Steel, JSPL, Vedanta for gas supplies

Business Standard, 15th Dec 2017 

GAIL (India) Ltd will enter into pacts with aluminum and steel majors in Odisha for supply of natural gas from December 2019.Read More


GAIL to import 5 MT LNG from US in FY'19

moneycontrol.com, 11th Dec 2017 

GAIL has contracted 5.8 MT per annum of liquefied natural gas (LNG) from the US, some of which it has swapped - either by exchanging the gas with someone having it nearer to India or by time-swapping it.Read More


GAIL India to skip mid-term LNG deals for 2018 due to US imports

moneycontrol.com, 21st Nov 2017  

GAIL (India) Ltd will skip medium-term liquefied natural gas (LNG) deals for 2018 as it starts getting supplies from its US portfolio from February, its head of finance said.Read More

GAIL does well; tariffs, volumes may moderate

livemint.com, 17th Nov 2017

GAIL (India) Ltd’s nearly 42% year-on-year jump in net profit to Rs1,310 crore for the September quarter didn’t bring much cheer, although it beat Street expectations. Its shares have fallen about 2% since Tuesday, when results were announced after markets closed.Read More


GAIL India Ltd to announce second quarter results on Nov 14, 2017 

Equity Bulls, 30th Oct 2017 

A meeting of the Board of Directors of GAIL India Ltd is scheduled to be held on Tuesday, 14th November, 2017 to consider, the unaudited financial results for the quarter ended on 30th September, 2017Read More


GAIL to invest Rs 12,940 cr on natural gas pipeline network 

Business Standard, 18th Oct 2017 

The state-run company GAIL (India) Ltd has committed an investment of Rs 12,940 crore to expand its natural gas pipeline network to 18,000 km, up from 11,000 km at presentRead More


GAIL India Ltd announces appointment of Directors 

Equity Bulls, 15th Sep 2017

Shri Jayanto Narayan Choudhury (DIN-07940286) and Dr. Rahul Mukherjee (DIN-07940278) have been appointed as non-official part-time (Independent) Directors on the Board of GAIL India Ltd w.e.f. 15.09.2017 as per Ministry of Petroleum & Natural Gas, Government of India letter bearing No. C-31034/2/2017-CA/FTS:49128 dated 08.09.2017. Read More

GAIL to hire LNG ship from TOTAL to haul gas from US
thehindubusinessline.com, 6th Sep 2017
State-owned GAIL (India) Ltd is set to sign a ship chartering deal this month with TOTAL SA to hire one LNG tanker for three years from the French oil major for hauling gas from the US beginning January 2018. Read More

GAIL Q1 profit drops 23% to Rs 1,025 cr
moneycontrol.com, 10th Aug 2017
State-owned gas utility GAIL India Ltd today reported a 23 percent drop in the June quarter net profit to Rs 1,025.64 crore. Read More

GAIL India Ltd calls for Board Meeting on Aug 10, 2017
Equity Bulls, 29th July 2017
A meeting of the Board of Directors of GAIL India Ltd is scheduled to be held on Thursday, 10th August, 2017 to consider, the unaudited financial results for the quarter ended on 30th June, 2017. Read More

Indraprastha Gas looks to piggyback on GAIL to expand beyond Delhi-NCR
financialexpress.com, 4th July 2017
IGL is likely to enter into both compressed natural gas (CNG) and city gas distribution (CGD) beyond the national territory. Read More

India First' policy emits China out of GAIL pipeline projects worth Rs 3,000 crore
businessinsider.in, 6th June 2017
The central government has adopted an 'India first' policy for official procurement, as a result of which Chinese companies have been ejected from pipeline projects worth Rs 3,000 crore that the state-run GAIL India Ltd is building. Read More

GAIL keen on expansion, to double petrochemical output
thehindubusinessline.com, 23rd May 2017
GAIL (India) Ltd, the country's largest natural gas transmission company, wants to double its petrochemical output in the coming fiscal, BC Tripathi, Chairman and Managing Director, said. Read More

GAIL Q4 profit falls on impairment charge
reuters.com, 22nd May 2017
State-run gas utility GAIL (India) Ltd posted a 69 percent fall in fourth-quarter profit on account of impairment charge on an investment. Read More

GAIL India Ltd calls for Board Meeting on May 22, 2017
Equity Bulls, 8th May 2017
A meeting of the Board of Directors of GAIL India Ltd is scheduled to be held on Monday, 22nd May, 2017 to consider, the audited financial results for the quarter / year ended on 31st March, 2017 and also to consider recommendation of final dividend for FY 2016-17, if any, subject to approval of Shareholders in the ensuing Annual General Meeting. Read More

GAIL to hire ships on short term to ferry LNG from US
moneycontrol.com, 10th Apr 2017
State gas utility GAIL India Ltd will hire ships on short term to ferry gas from the US after it was forced to scrap a USD 7 billion tender for making vessels in India, Oil Minister Dharmendra Pradhan said today. Read More

Gail India Ltd appoints Director - Marketing
Equity Bulls, 6th Apr 2017
Shri Gajendra Singh has been appointed as Director (Marketing) of Gail India Ltd w.e.f. 05.04.2017 (DIN 03290248) by Ministry of Petroleum & Natural Gas, Government of India vide letter bearing No. C-31022/6/2014-CA/FTS:35226 dated 05.04.2017. Read More

GAIL to invest Rs 1,750 cr on gas distribution network
Business Standard, 15th Mar 2017
State-run gas company GAIL (India) Ltd has committed an investment of Rs 1,750 crore to build a City Gas Distribution (CGD) network in Bhubaneswar and Cuttack. Of the envisaged investment, Rs 1,000 crore would be spent on Bhubaneswar while the remaining Rs 750 crore has been set aside for Cuttack. Gas distribution to households in the twin-city region is expected to be a reality by December 2019 or early 2020. Read More

GAIL objects to HPCL's gas pipeline project
thehindu.com, 4th Mar 2017
Hindustan Petroleum Corporation's plan for a cross country pipeline to move LPG received on the west coast to bottling plants over 600 km away in the hinterland has hit a roadblock with GAIL (India) raising objections to the project. Read More

Gail India Ltd Fixes Mar 11, 2017 as Record Date for Bonus Issue
Equity Bulls, 22nd Feb 2017
For the purpose of allotment of bonus shares 'RECORD DATE' will be March 11, 2017, if issuance of bonus shares is approved by the shareholders of Gail (India) Ltd through postal ballot process and results of Postal Ballot will be announced on March 06, 2017. Read More

Gail India Ltd Q3 net profit rises to Rs. 982.92 crores
Equity Bulls, 10th Feb 2017
Gail (India) Ltd has announced the Unaudited Standalone financial results for the quarter ended December 31, 2016. Read More

Gail India Ltd approves appointment of Independent Directors
Equity Bulls, 4th Feb 2017
Dr. Anup K Pujari, Shri Dinkar Prakash Srivastava and Smt. Anupama Jaiswal, have been appointed as non-official part-time (Independent) Directors on the Board of Gail (India) Ltd by Ministry of Petroleum & Natural Gas, Government of India vide letter dated January 31, 2017. Read More

HPCL, GAIL Sign Pact with Andhra Pradesh for Rs 40,000 Crore Petrochemicals Project
bloombergquint.com, 30th Jan 2017
State-owned refiner Hindustan Petroleum Corp Ltd. (HPCL) and gas utility GAIL India Ltd. signed a pact with Andhra Government for setting up a Rs 40,000 crore petrochemical plant in the state. Read More

Gail India Ltd Board to consider Bonus Issue
Equity Bulls, 21st Jan 2017
A meeting of the Board of Directors of Gail (India) Ltd is scheduled on January 25, 2017, to consider issuance of bonus shares and fund raising by issuance of bonds on private placement basis. Read More

Chartered Logistics bags Rs 34 crore contract from Gail
Business Standard, 2nd Jan 2017
Chartered Logistics Ltd has bagged a two year contract worth Rs 36.15 cr from Gail India for the transportation of polymers from Gail's petrochemical complex in Pata (Uttar Pradesh) to different parts of the country. Read More

GAIL - Appointment of Part-time Director (Government Nominee)
moneycontrol.com, 26th Dec 2016
Gail (India) Ltd has informed BSE that the Ministry of Petroleum & Natural Gas, Government of India vide letter dated December 19, 2016 has appointed Shri Ashish Chatterjee, Joint Secretary (GP), Ministry of Petroleum & Natural Gas, Government of India as Part-time Director (Government Nominee) dated December 23, 2016 of the Company w.e.f December 23, 2016 in place of Shri Ashutosh Jindal. Read More

GAIL ready to invest Rs 35 crore on CNG
timesofindia.indiatimes.com, 18th Dec 2016
The National Green Tribunal (NGT), eastern zone bench, has given the chief secretary (CS) 15 days to decide whether Gas Authority of India Ltd (GAIL) should be entrusted with natural gas distribution in the city through a pipeline by itself or a joint venture company should be set up for this. The gas major plans to complete its 2,539km long pipeline from Jagdishpur in Uttar Pradesh to Haldia by 2020. It proposes to distribute gas in seven cities, including Kolkata, enroute. Read More

Top Indian Gas Utility Pushes Gazprom for LNG Price Cut
Bloomberg.com, 12th Dec 2016
India's biggest gas utility is seeking a price cut and other changes to a 20-year liquefied natural gas supply contract from Gazprom PJSC, the latest in a series of concessions sought by buyers amid a global gas glut. Read More

Gail India Q2 profit up 179% on cost savings, petrochem
livemint.com, 16th Nov 2016
Gail (India) Ltd on Tuesday reported an almost three-fold growth in profit for the September quarter on lower expenses and finance costs. Read More

Gail scraps $7-billion LNG tender after bidder disagreed to 'Make-in-India' terms
livemint.com, 13th Nov 2016
After dragging for more than two years, state-owned gas utility Gail India Ltd has scrapped a $7 billion tender for hiring newly built ships to ferry liquefied natural gas (LNG) from US after bidders did not agree to 'Make-in-India' terms. Read More

GAIL - Q2 results on Nov 15, 2016
moneycontrol.com, 7th Nov 2016
Gail (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on November 15, 2016, inter alia, to consider the un-audited Financial Results for the quarter/Half year ended on September 30, 2016 (Q2). Read More

GAIL places ₹306-crore order for pipeline project
thehindubusinessline.com, 11th Oct 2016
Moving ahead with construction of the Jagadishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL), GAIL (India) Ltd, has placed orders for pipeline laying work of 345 km from Phulpur to Dobhi under phase-IB at an estimated cost of ₹306 crore. Read More

GAIL's polyethylene facility in UP goes on stream
thehindubusinessline.com, 20th Sep 2016
GAIL (India) Ltd said on Tuesday the company has started its first UNIPOL PE process line to produce 400,000 tonnes of polyethylene (PE) annually. Read More

GAIL May Scrap Tender for Hiring LNG Vessels
energy.economictimes.indiatimes.com, 19th Sep 2016
State-run gas marketer GAIL India will likely scrap the tender for hiring liquefied natural gas (LNG) ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the 'Make in India' programme. Read More

GAIL Profit Leaps On Stake Sale Of Mahanagar Gas; Petrochem Business Flourishes
bloombergquint.com, 7th September 2016
GAIL Ltd., the country's largest state-owned natural gas distributor, saw profit jump 244 percent in the first quarter of financial year 2016-17, beating street estimates). Read More

Gail India Ltd to announce Q1 results on Sept 07, 2016
Equity Bulls, 30th Aug 2016
A meeting of the Board of Directors of Gail (India) Ltd will be held on September 07, 2016, to consider the un-audited Financial Results for the quarter ended on June 30, 2016 (Q1). Read More

HPCL, GAIL to divest up to 50% stake in petrochem plant in AP
thehindu.com, 23rd Aug 2016
State-owned refiner Hindustan Petroleum Corp Ltd (HPCL) and gas utility GAIL India Ltd will divest up to 50 per cent stake in the Rs 30,000 crore petrochemical plant which is being set up in Andhra Pradesh. Read More

GAIL project may pick up steam
thehindu.com, 18th Aug 2016
Blanket clearance of all departments likely for gas pipeline project The State government is likely to accord a blanket clearance of all departments and agencies to Gas Authority of India Limited (GAIL) for expediting work on the long-pending natural gas pipeline project. Read More

GAIL, Gazprom renegotiating LNG deal, sources say
Business Standard, 25th July 2016
GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply. Read More

GAIL to invest Rs.20,000 crore on pipeline network in south India
ivemint.com, 2nd July 2016
GAIL (India) Ltd, the country's largest gas transmission and marketing company, will invest around Rs.20,000 crore over the next five-six years to build a gas pipeline network in south India. Read More

Govt decides to extend budgetary grants to Gail, GSPC
livemint.com, 30th June 2016 I
The government has decided to extend budgetary grants to Gail India Ltd and Gujarat State Petroleum Corp. (GSPC) to meet any shortfall in the cost of their pipeline projects, in a bid to speed up doubling the country's gas transportation network over the next few years from 15,000km now. Read More

Gail places Rs 500 cr orders for line pipes with four companies
Business Standard, 23rd June 2016
The government has decided to extend budgetary grants to Gail India Ltd and Gujarat State Petroleum Corp. (GSPC) to meet any shortfall in the cost of their pipeline projects, in a bid to speed up doubling the country's gas transportation network over the next few years from 15,000km now. Read More

Gail places Rs 500 cr orders for line pipes with four companies
Business Standard, 23rd June 2016
Gail India Ltd has place orders for purchase of 341 km of line pipes for the Phulpur-Haldia/Dhamra Natural Gas Pipeline with four companies at a total cost of Rs 500 crore. The line pipes, to be supplied by Jindal Saw Ltd, Man Industries India Ltd, Essar Steel India Ltd and China's Zhongyou BSS Qinhuangdao Petropipe Co Ltd, will be used in the Phulpur (Uttar Pradesh) - Dobhi (Bihar) section of the pipeline. Read More

Higher transmissions, better margins boost GAIL Q4 net
thehindubusinessline.com, 26th May 2016
GAIL (India) Ltd reported a 50.6 per cent increase in net profit for the fourth quarter of FY16, on higher transmissions and better gas trading margins. Read More

Gail India Ltd to announce FY16 results on May 25, 2016
Equity Bulls, 10th May 2016
A meeting of the Board of Directors of Gail (India) Ltd is scheduled to be held on May 25, 2016, to consider, the audited financial results for the quarter / year ended on March 31, 2016 and also to consider recommendation of final dividend for FY 2015-16, if any, subject to approval of Shareholders in the ensuing Annual General Meeting. Read More

GAIL contributes Rs. 10.00 crores towards skill development in Andhra Pradesh
Equity Bulls, 26th April 2016
Shri B C Tripathi, Chairman & Managing Director, GAIL (India) Limited handed over a cheque of Rs. 10.00 crore to Shri Chandra Babu Naidu, Hon'ble Chief Minister of Andhra Pradesh towards skill development and livelihood generation for the youth of Andhra Pradesh. The contribution has been made to APSSDC as a part of CSR Initiatives of GAIL on 24 April 2016 at Andhra Bhawan in New Delhi. Read More

GAIL completes first phase of pipeline replacement
hehindu.com, 20th April 2016
The Gas Authority of India Limited (GAIL), which suffered a major setback on June 27, 2014, following a blast at Nagaram of Mamidikudu mandal in East Godavari district that resulted in snapping of gas supply to all private power plants in Andhra Pradesh and the AP Power Generation Corporation, has successfully completed the first phase of replacement of pipelines in the KG Basin regional network by investing Rs.996 crore. Read More

D J Pandian resigns as Director of Gail (India) Ltd
Equity Bulls, 31st March 2016
Shri D. J. Pandian has resigned from the Board of Gail (India) Ltd and will ceased to be part-time non-official (Independent) Director of the Company w.e.f. March 31, 2016. Read More

GAIL drills first exploratory well in Cambay basin block
thehindubusinessline.com, 29th March 2016
GAIL (India) Ltd said on Monday that the company has started drilling its first exploratory well in its onshore oil and gas block in the Cambay Basin in western India. Read More

GAIL may get Rs 400-cr boost after hike in KG pipeline tariff
financialexpress.com, 22nd March 2016
SPublic sector gas marketing firm GAIL (India) could see its top line getting a boost of nearly Rs 406 crore after the downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has hiked the tariff for its KG-basin pipeline from Rs 5.56/mbtu to Rs 45.3/mbtu, a sharp increase of 715%. Read More

Oil Ministry Orders Charging Market Price for Gas for Non-Urea Use
profit.ndtv.com, 9th March 2016
After CAG's rap, the Oil Ministry has ordered charging of the market determined price for natural gas used by fertiliser plants for manufacturing non-urea crop nutrients. Read More

GAIL postpones $7-bn LNG ship tender again
freepressjournal.in, 3rd March 2016
State gas utility GAIL India Ltd has again postponed its $7-billion tender for hiring nine newly-built ships to ferry LNG from the US, by one month. Read More

Gail (India) Ltd Board declares Interim Dividend of Rs. 2.50
Equity Bulls, 9th February 2016
The Board of Directors of Gail (India) Ltd at its meeting held on February 09, 2016, has approved payment of interim dividend for the FY 2015-16 @ 25% (Rs. 2.50 per equity share) on the paid-up equity share capital of the Company. Read More

GAIL Q3 December quarter net profit rises 10 per cent to Rs 664.26 crore
The Economic Times, 9th February 2016
GAIL BSE -0.86 % India Ltd, the country's biggest natural gas supplier, today reported a 10 per cent rise in its December quarter net profit on spike in margins and exemption from payment of fuel subsidy.

 
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