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CPMA Member Companies News - GAIL INDIA Ltd.

GAIL Q1 profit drops 23% to Rs 1,025 cr, 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, 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, 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, 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, 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, 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, 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, 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), 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 30th June 2016 l

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, 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, 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  t

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, 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, 22nd March 2016 

Public 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, 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, 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.................. Read more

GAIL to fast-track pipeline project in TN
Business Standard, 3rd February 2016
In the wake of the Supreme Court's ruling on Tuesday allowing the Gas Authority of India (GAIL) to lay down natural gas pipelines across seven districts in Tamil Nadu, the public sector major has decided to implement the project on a 'fast-track' mode.............. Read more

HPCL, GAIL likely to take equal stake in JV to build Rs 30,000 crore petrochemicals complex in Andhra Pradesh
The Economic Times, 26th January 2016
Hindustan Petroleum BSE 1.54 % Corporation and GAIL are likely to take an equal stake in a joint venture that will build a petrochemicals complex in Andhra Pradesh at an estimated cost of Rs 30,000 crore................. Read more

HPCL-Gail to set up a petrochemical complex in AP
The Economic Times, 14 January 2016  
A Greenfield petrochemical complex will be set up jointly by HPCL & Gail in Andhra Pradesh, giving a fillip to the plastic processing industry in the state, according Ananth Kumar, Minister for Chemicals and Fertilisers. "On behalf of the centre, I am making in-principle announcement that HPCL and Gail together would establish a Greenfield petrochemical complex in Andhra Pradesh. This will also bring huge downstream investment opportunities to the state apart from refinery and cracker units," said Ananth Kumar during the closing ceremony of the three-day CII Partnership Summit in Visakhapatnam on January 12, 2016................ Read more

GAIL's margins set for a boost
Business Standard, 29th December 2015 
Lower oil and gas prices may have been a boon for downstream companies, but it has been a dampener for the upstream and gas transmitter, GAIL. With spot prices of gas coming down, there were few takers for the higher-priced imported gas, thereby impacting the company's transmission volumes as well as margins................

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