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GAIL India Ltd News

26 Mar 2022

GAIL to consider share buyback on March 31

Buying back shares is considered a tax-efficient way of rewarding shareholders. GAIL had done a share buyback in 2020-21. The government had received Rs 747 crore from that share buyback.

Indian Oil Corp

19 Mar 2018

IOC, BPCL may buy 26% stake each in GAIL

At Friday's closing price of Rs 440.85 a share for GAIL on BSE, the stake is worth close to Rs 41,000 crore.

12 Sep 2017

Power plants step up buying natural gas after coal shortage

These plants, where Rs 1.24 lakh crore has already been invested, operated at a mere 22.51 per cent plant load factor, producing 49 billion units of electricity, in 2016-17.

06 Aug 2017

GAIL, GSPL fight over who will transport ONGC gas

GAIL, on the other hand, has contested GITL's assertion that ONGC's S1 deep water and S1-VA fields in Bay of Bengal were ever marked as gas sources for MBBVPL.

04 Aug 2017

IOC to buy up to 50 % stake in Mundra LNG terminal

The board of India's largest oil firm gave "in-principle approval for acquiring up to 50 percent equity in GSPL LNG Ltd, which is setting up a 5 million tons per annum LNG terminal at Mundra Port in Gujarat," the company said in a statement.

Reliance Industries

04 May 2017

RIL to buy its own gas at $4.23

Reliance Industries will sell the natural gas it produces from coal seams in Madhya Pradesh to its own units in Gujarat and Maharashtra at USD 4.23 per million British thermal units.

Reliance Industries

04 May 2017

RIL to buy its own gas at $4.23

Reliance Industries will sell the natural gas it produces from coal seams in Madhya Pradesh to its own units in Gujarat and Maharashtra at USD 4.23 per million British thermal units.

02 Nov 2015

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.

23 Jul 2015

GAIL Q1 net drops 32% at Rs 424.14 crore

State-owned gas utility GAIL India Ltd Thursday reported a 32 percent drop in net profit at Rs 424.14 crore for the first quarter ended June on account of drop in LPG and petrochemical production and lower prices.

22 Jul 2015

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.

27 May 2015

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.

19 Feb 2015

GAIL LNG tender to ferry gas from US finds no bidder

After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any bidder for its USD 7 billion tender to hire newly-built LNG ships to ferry gas from the US.

06 Jan 2015

With no takers, GAIL again postpones LNG tender date

Finding no takers for its Rs 42,370 crore tender to hire newly-built LNG ships, state-owned gas utility GAIL India Ltd has for the third time postponed the last date of bidding.

23 Dec 2014

GAIL to pay royalty on RIL gas price

State-owned GAIL India Ltd has been asked to pay royalty on the USD 1.41 per unit it is collecting on natural gas produced from Reliance Industries' eastern offshore KG-D6 fields.

30 Sep 2014

GAIL Chairman, HPCL head in race for CEO of the Year Award

Tripathi and Vasudeva are vying with CEOs of Chinese energy giants for the award which will be presented on December 11 in New York.

17 Aug 2014

OilMin says negligence caused fire at GAIL pipeline in Andhra

The Petroleum Ministry has blamed negligence for causing the devastating fire at state-owned gas transporter GAIL India Ltd's gas pipeline in Andhra Pradesh that killed 22 people.

27 Jun 2014

15 killed, 30 injured in GAIL India pipeline blast in Andhra

The dead include three women and three children. Officials said the fatalities could rise as the condition of 15 of the injured was said to be critical.

15 Jun 2014

GAIL stake in ONGC petrochem project to come down to 11.6%

State-run gas utility GAIL India Ltd will cut its equity stake in ONGC's mega petrochem project at Dahej to 11.6 percent as project faces major cost overrun.

08 Jun 2014

GAIL offers to sell US gas at cheaper rate than LNG from Qatar

State gas utility GAIL India Ltd is offering gas supplies from the US at USD 12-13, at least a dollar less than the price at which India currently imports the fuel from Qatar on long-term contracts.

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