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Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

Adani group offers 49 per cent stake in Dhamra LNG project to IOC, GAIL

 Adani Group has offered 49 per cent stake in its Rs 5,000-crore Dhamra LNG project in Odisha to state-run gas utility GAIL India and refiner Indian Oil Corporation (IOC).

SCI cautious, plans only Rs 700 crore capex in FY'17

The LNG project is the USD 1.2-billion order from state-owned GAIL for chartering nine LNG vessels.

GAIL Q3 net profit rises 10% to Rs 664.26 crore

GAIL India Ltd, the country's biggest natural gas supplier, today reported a 10 percent rise in its December quarter net profit on spike in margins and exemption from payment of fuel subsidy.

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.

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.