GAIL, ISRO join hands to monitor pipeline through special portal

 Enhancing its pipeline security through an eye in the space, GAIL (India) Ltd on Thursday said it has joined hands with National Remote Sensing Centre (NRSC), an arm of Indian Space Research Organisation (ISRO), for the purpose.

Sensex jumps over 200 points to regain 26,000-level; Nifty tops 7,900-mark
Sensex jumps over 200 points to regain 26,000-level; Nifty tops 7,900-mark

The NSE Nifty was also trading up at 62.65 points or 0.80 percent at 7,905.40.

HPCL, GAIL eye petrochemical plant in Andhra Pradesh

State-owned refiner Hindustan Petroleum Corp Ltd (HPCL) and gas utility GAIL India Ltd are looking at jointly setting up a multi-billion dollar petrochemical plant in Andhra Pradesh.

Govt may seek special dividend from top PSUs to meet tax deficit
Govt may seek special dividend from top PSUs to meet tax deficit

Companies like Coal India Ltd, NTPC, ONGC, GAIL, IOC etc may be asked to pay special dividend if government decides so.

Wary of risks, GAIL to take 10% stake in TAPI pipeline
Wary of risks, GAIL to take 10% stake in TAPI pipeline

India will pay heed to the risks attached to the US-based USD 10 billion Turkmenistan- Afghanistan-Pakistan-India (TAPI) natural gas pipeline, and has decided to take only up to 10 percent stake in the 1,800-kilometre line project. 


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.

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.

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.

Lapses by GAIL led to pipeline fire in AP last year: Regulator

Oil regulator has found state- owned gas utility GAIL India Ltd guilty of severe lapses that led to an explosion at one of its pipelines in Andhra Pradesh, killing at least 29 persons in June last year.

GAIL sells some of its US LNG to Shell

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday.

GAIL in talks with Shell to sell US LNG supply

India`s Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.

GAIL, IOC sign pact to join Adani Group's Dhamra LNG project

State-run gas utility GAIL India Ltd and refiner Indian Oil Corp (IOC) Wednesday signed an initial pact to join Adani Group-promoted Rs 5,000-crore Dhamra LNG project in Odisha.

After GAIL tender fails, Samsung to build LNG carrier at Kochi

Indian shipyards will have to forge a binding technical collaboration with foreign shipyard which will transfer LNG shipbuilding technology.

GAIL to stop LNG imports at Dabhol till October

The terminal cannot receive shipments in the choppy monsoon seas in the absence of a breakwater, so it can currently import a maximum of only 2.25 million tons a year.

Subir Purkayastha takes over as director, GAIL

Purkayastha, 56, is also Director on GAIL Gas (USA) Inc, Ratnagiri Gas and Power Pvt Ltd (RGPPL) and TAPI Pipeline Co Ltd.

Petronet top post: GAIL directors, Oil India Chairman in race

About a dozen candidates, including top directors at gas utility GAIL India and Chairman of Oil India, are in the race to become the Managing Director and CEO of Petronet LNG, the nation's biggest liquid gas importer.

Slots of 'sacked' independent directors lie vacant at Oil PSUs

Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with most of those positions still lying vacant.

Govt asks GAIL to remit incremental KG-D6 gas price every month

Government has asked GAIL to remit to the exchequer on a monthly basis the incremental gas price from RIL's KG-D6 field towards recovery of profit share it claims is due from the private firm.

Oil regulator for lower marketing margin on gas: Pradhan

Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.

GAIL shares down nearly 7% as net profit drops

Shares of GAIL India Ltd today fell by nearly 7 per cent after the company posted a massive 64 percent drop in December quarter net profit.