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GAIL India News

GAIL India Limited

30 Jan 2023

GAIL Shares Decline Over 4% After Q3 Earnings

Consolidated net profit of Rs 397.59 crore in October-December 2022 as compared with Rs 3,800.09 crore earnings in the same period a year back, according to the company's stock exchange filing.

25 Dec 2021

Aditya Birla Capital, GAIL among top stocks to 'buy' in 2022: HDFC Securities

Aditya Birla Capital, Gail India, Hindustan Zinc, Ipca Labs, and Mahindra & Mahindra are 5 such stocks. Aditya Birla Capital is the holding company of all the financial services businesses of the Aditya Birla group. For Ipca Labs, the brokerage house is positive on the back of strong volume growth.

Hindustan Petroleum Corporation

24 Jan 2018

ONGC keen to acquire GAIL’s pipeline business: Sources

If the deal comes through, it will enable ONGC to emerge as one of the largest integrated public sector oil and gas company.

Reliance Industries

28 Sep 2017

RIL outbids GAIL to buy all its own CBM gas

In the latest bidding for up to 3 million standard cubic metres per day (mmscmd) of gas to be produced during October 2017 and March 2021, RIL quoted USD 6.26 per mmBtu at the current oil price, according to bid documents.

22 Dec 2015

GAIL extends bidding deadline for USD 7-billion LNG carriers

State gas utility GAIL India has extended last date of bidding for its USD-7 billion tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialised vessels.

23 Aug 2015

GAIL in talks with Iran to revive decade-old LNG deal

State-run gas utility GAIL India Ltd has begun talks with Iran to revive a decade-old USD 22 billion LNG supply contract, the cheapest deal ever struck by an Indian firm.

10 Aug 2015

GAIL to hold stake in TAPI as global firms shun 4-nation project

The four nations planning the TAPI pipeline last week decided to co-own the project and a joint venture company with participation from each country would be set up to build and operate the over 1,800 line.

04 Aug 2015

Govt mulls selling 3% stake in GAIL to raise Rs 1,800 crore

The government plans to sell 3 percent stake in state-owned gas utility GAIL India which could fetch over Rs 1,300 crore to the exchequer.

17 Jul 2015

GAIL to swap US LNG, issue tender next month

State-owned gas utility GAIL India plans to swap over one-third of the liquefied natural gas (LNG) it has contracted from US with a gas seller nearer to India to save on transportation costs.

27 May 2015

GAIL reports in 53% drop in Q4 profit

State-owned gas utility GAIL India Wednesday reported a 53 percent drop in March quarter net profit as it sold less gas.

12 May 2015

NTPC, Lanco quote winning Rs 1.42/unit bid in subsidy auction

NTPC and Lanco were among the three companies which quoted the lowest bid of Rs 1.42 per unit for availing of subsidy on imported gas to run 14 stranded power projects across the country, in the first ever auction that saw fierce bidding.

03 Mar 2015

GAIL drops plan to set up LNG terminal at Paradip

GAIL India, the nation's largest natural gas distributor, has dropped plans to set up a Rs 3,108 crore floating LNG import terminal at Paradip in Odisha.

06 Feb 2015

GAIL net profit drops 64%

The profit was impacted by "lower off take of long-term contracted LNG by power and fertiliser plants," it said.

Reliance Industries

25 Nov 2014

RIL seeks interest on gas payments

Reliance Industries has sought interest on USD 1.41 a unit that buyers of its KG-D6 gas are paying into a gas pool account operated by GAIL India, saying the state-run firm ought to invest the amount due to RIL in good interest-bearing instruments.

19 Aug 2014

2 JVs to be formed for revival of Talcher urea plant in Odisha

The plant will have a capacity of 1.2 million tonnes per annum.

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