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CPMA Member Companies News - GAIL INDIA Ltd.

Gail India Ltd offers new swap of U.S. LNG volumes - sources, 20th Feb 2019

Gail India has offered a cargo of liquefied natural gas (LNG) loading from the United States on June 27-29 this year, two traders said.Read More


GAIL third-quarter profit soars 33 percent, beats estimate

Business Standard, 5th Feb 2019

State-owned gas distribution company GAIL (India) Ltd on Tuesday reported a 33.2 percent jump in third-quarter profit, beating market estimate, buoyed by a surge in revenue from its natural gas marketing segment.Read More


Gail India offers three LNG cargoes from Sabine Pass - sources, 21st Jan 2019

Gail (India) has offered three liquefied natural gas (LNG) cargoes loading from the Sabine Pass terminal in the United States this year, two industry sources said on Monday.Read More


GAIL Q3 PAT seen up 5.3% YoY to Rs. 1,329.7 cr: Prabhudas Lilladher, 16th Jan 2019

Prabhudas Lilladher has come out with its third quarter (October-December’ 18) earnings estimates for the Oil & Gas sector. The brokerage house expects GAIL to report net profit at Rs. 1,329.7 crore up 5.3% year-on-year (down 32.3% quarter-on-quarter).Read More


GAIL likely to buy IL&FS wind energy assets, 16th Nov 2018

State-owned gas utility company GAIL (India) Ltd is considering acquiring all of the wind energy assets held by subsidiary of debt-laden Infrastructure Leasing and Financial Services (IL&FS), according to people familiar with the matter.Read More


GAIL struggles to find gas buyers in West Bengal, 13th Nov 2018

With GAIL (India) putting its gas pipeline projects on the fast track, the company has gone on an overdrive to get customers, even though the response has been poor in states such as West Bengal.Read More


Q2 Results: GAIL India’s Profit Beats Estimates Aided By Gas Trading Business, 5th Nov 2018

GAIL (India) Ltd.’s profit for the quarter ended September rose, beating estimates, on the back of higher revenue from the natural gas marketing business.Read More


GAIL’s massive gas pipeline network will be moved to a subsidiary. Here’s why this big step is being taken, 6th Oct 2018  

The company will be creating a subsidiary, same as GAIL Gas, which operates the city gas distribution business, in order to put the marketing and pipelines businesses at an arm’s length.Read More


GAIL plans to add 5,500 km of pipelines in next 3 years, 11th Sep 2018

GAIL (India) Ltd plans to increase its pipeline capacity by 50 per cent in the coming three years, according to its Chairman and Managing Director BC Tripathi.Read More


GAIL Q1 profit rises 23% to ₹1259 crore, beats estimates, 10th Aug 2018

GAIL India Ltd, the country’s largest natural gas marketer, on Friday reported a 23% rise in its April-June quarter net profit on better margins in gas trading and petrochemicals business.Read More


GAIL to spend Rs 755 cr to create gas grid in Varanasi, 16th July 2018

GAIL, the government-owned pipeline company, said it will spend Rs 755 cr to put in place a gas pipeline grid in Varanasi, Narendra Modi’s Lok Sabha constituency.Read More


Gujarat Gas Plans To Acquire GAIL’s Stake In Vadodara Gas, 6th July 2018

Gujarat Gas Ltd., the country’s largest city gas distribution company, is in talks with GAIL Ltd. to buy its entire 50 percent stake in Vadodara Gas Ltd.Read More


India rethinks decision to split up gas utility Gail Limited, 28th June 2018

India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company, India’s oil minister said on Thursday. The government had said in January that it wanted to split the company into two – one for laying pipelines and the other for marketing and petrochemicals – to encourage more transparency between the two operations. “My job is not to create more companies, my job is to create more accessibility through policy,” Dharmendra Pradhan, India’s oil minister said on Thursday.Read More


India's GAIL ramping up 400,000 mt/year Pata PE plant to 100% after run cut, 7th June 2018 

India's GAIL is ramping up production at the 400,000 mt/year polyethylene plant at its Pata complex in Uttar Pradesh to 100% of capacity this week after running it at 50% last week, a company source said Thursday.Read More


GAIL Looks To List Subsidiary GAIL Gas, 25th May 2018 

India’s largest state-run gas processing and distribution company, GAIL India Ltd., plans to list its subsidiary GAIL Gas Ltd. on the bourses.Read More

GAIL’s Net Profit Misses Estimates In March Quarter, 24th May 2018

State-owned gas utility GAIL India Ltd.’s quarterly profit slumped, missing analyst estimates in the quarter ended March.Read More


GAIL India Ltd Board to consider FY18 results & Final Dividend on May 24, 2018 

Equity Bulls, 11th May 2018 

A meeting of the Board of Directors of GAIL India Ltd is scheduled to be held on Thursday, 24th May, 2018 to consider the audited financial results for the quarter / year ended on 31st March, 2018 and also to consider recommendation of final dividend for FY 2017-18, if any, subject to approval of Shareholders in the ensuing Annual General Meeting.Read More


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

Business Standard, 1st May 2018 

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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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, 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

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