Sharekhan

GAIL (India) Ltd

Fri 25/04/2025,15:59:26 | NSE : GAIL

₹ 186.74-6.50 (-3.36%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 193.00

Previous Close

₹ 193.24

Volume

9791154

Mkt Cap ( Rs. Cr)

₹122783.41

High

₹ 194.67

Low

₹ 184.88

52 Week High

₹ 246.30

52 Week Low

₹ 150.52

Book Value Per Share

₹ 127.46

Dividend Yield

2.94

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on GAIL (India) Ltd

Your Vote -

Buy

77.72%

Hold

8.47%

Sell

13.81%

77.72%

14987 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

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0.00

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0.00

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Bid Total

0

Bid Price

Qty

186.74

559

0.00

0

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0

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Bid Total

559

Option Chain

Analyzes market sentiment, predicts GAIL (India) Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    25 Apr 2025, 6:11PM Please find enclosed a copy of Press Release on 'GAIL & CONCOR sign MoU to explore adoption of LNG as alternative fuel'.
  • GAIL (India) - Rumour Verification - Regulation 30(11)

    22 Apr 2025, 8:28AM GAIL (India) Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • GAIL (India) - Rumour verification - Regulation 30(11)

    22 Apr 2025, 8:32AM Dear Sir/Madam,\r\n\r\nIn terms of Regulation 30(11) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you
  • GAIL (India) - Disclosure Under Chapter XIV - Centralized Database For Corporate Bonds/ Debentures Of SEBI Operational Circul

    16 Apr 2025, 11:00AM Please find attached the Disclosure pursuant to Chapter XIV - Centralized Database for corporate bonds/ debentures, Annexure XIV-B of SEBI Operational
  • GAIL (India) - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    15 Apr 2025, 11:33AM GAIL (India) Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • GAIL (India) - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    15 Apr 2025, 11:37AM Please find enclosed herewith Certificate issued by MCS Share Transfer Agent Limited, the Registrar and Share Transfer Agent of the Company for the Qu
  • GAIL (India) - Compliances-Half Yearly Communication - Debt Instruments

    10 Apr 2025, 11:32AM Statement under Paragraph 9.1 (a) of Chapter VIII - Specifications related to ISIN for debt securities of the SEBI Master Circular No. SEBI/HO/DDHS/Po
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Apr 2025, 10:08AM Please find enclosed a copy of Press Release on 'GAIL completes laying over 97.6 % of Pradhan Mantri Urja Ganga'.\r\n
  • GAIL (India) - Press Release

    10 Apr 2025, 10:05AM GAIL (India) Limited has informed the Exchange regarding a press release dated April 09, 2025, titled ""GAIL completes laying over 97.6 % of Pradhan M
  • GAIL (India) - General Updates

    9 Apr 2025, 2:12PM GAIL (India) Limited has informed the Exchange about General Updates
  • GAIL (India) - General Updates

    9 Apr 2025, 2:11PM GAIL (India) Limited has informed the Exchange about General Updates
  • GAIL (India) - REVISION IN COMPLETION SCHEDULE FOR DURGAPUR - HALDIA & DHAMRA - HALDIA PIPELINE SECTIONS OF INTEGRATED JAGDIS

    9 Apr 2025, 2:16PM Please find enclosed herewith a disclosure pertaining to event or information as stipulated in Regulation 30 of SEBI (LODR) Regulations, 2015
  • GAIL (India) - REVISION IN COMPLETION SCHEDULE FOR KOCHI-KOOTTANAD-BENGALURU-MANGALURU PIPELINE (KKBMPL) PROJECT

    9 Apr 2025, 2:15PM Please attached herewith a disclosure pertaining to event or information as stipulated in Regulation 30 of SEBI (LODR) Regulations, 2015
  • GAIL (India) - Updates

    8 Apr 2025, 3:48PM GAIL (India) Limited has informed the Exchange regarding 'Disclosure of event or information under Regulation 30 of SEBI LODRRegulations, 2015'.
  • GAIL (India) - Disclosure Of Event Or Information Under Regulation 30 Of SEBI LODR Regulations, 2015\r\n

    8 Apr 2025, 3:40PM Incorporation of Wholly Owned Subsidiary of GAIL in International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT Cit
  • GAIL (India) has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    8 Apr 2025, 12:20PM As of March 2025, 51.88% is owned by Indian Promoters and 48.12% by Public. <p align=justify> Institutional holds 33.91% (Insurance Companies 6.58%) a
  • GAIL (India) - Press Release

    7 Apr 2025, 3:39PM GAIL (India) Limited has informed the Exchange regarding a press release dated April 04, 2025, titled ""GAIL conferred PPAC Greenfinch Data Excellence
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    7 Apr 2025, 3:36PM Please find enclosed a copy of Press Release on 'GAIL conferred PPAC Greenfinch Data Excellence Award 2025'.
  • GAIL (India) - Disclosure In Terms Of Regulation 31(4) Of The SEBI (Substantial Acquisition Of Shares And Takeover) Regulatio

    3 Apr 2025, 4:30PM Disclosure in terms of Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011
  • GAIL (India) - Change in Director(s)

    2 Apr 2025, 11:54AM GAIL (India) Limited has informed the Exchange regarding Change in Director(s) of the company.
  • GAIL (India) - Press Release

    2 Apr 2025, 11:50AM GAIL (India) Limited has informed the Exchange regarding a press release dated April 01, 2025, titled ""GAIL opens fresh round of inviting proposals f
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    2 Apr 2025, 11:48AM Please find enclosed a copy of Press Release on 'GAIL opens fresh round of inviting proposals for equity investment in Start-Ups'.
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Change in Directorate

    2 Apr 2025, 11:45AM This is in continuation of our letter of even no. dated 28.03.2025 on the subject mentioned above.\r\n\r\nThe information pertaining to the following
  • GAIL (India) - Change in Management

    28 Mar 2025, 2:54PM GAIL (India) Limited has informed the Exchange about change in Management
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Change in Management

    28 Mar 2025, 2:42PM Nomination of Independent Director(s)
  • GAIL (India) - Trading Window

    27 Mar 2025, 4:16PM GAIL (India) Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201
  • GAIL (India) - Trading Window-XBRL

    27 Mar 2025, 4:06PM GAIL (INDIA) LIMITED has informed the Exchange about Closure of Trading Window
  • GAIL (India) - Trading Window-XBRL

    27 Mar 2025, 4:05PM GAIL (INDIA) LIMITED has informed the Exchange about Closure of Trading Window
  • GAIL (India) - Trading Window-XBRL

    27 Mar 2025, 4:03PM GAIL (INDIA) LIMITED has informed the Exchange about Closure of Trading Window
  • GAIL (India) - General Updates

    26 Mar 2025, 10:43AM GAIL (India) Limited has informed the Exchange about General Updates
  • GAIL (India) - Authorization From PNGRB For Capacity Augmentation Of GAIL'S DUPL-DPPL Natural Gas Pipeline Network

    26 Mar 2025, 10:45AM Please find attached letter on the captioned subject
  • GAIL (India) - Change in Management

    25 Mar 2025, 4:29PM GAIL (India) Limited has informed the Exchange about change in Management
  • GAIL (India) - General Updates

    25 Mar 2025, 3:25PM GAIL (India) Limited has informed the Exchange about Incorporation of Joint Venture Company with Coal India Limited for setting up of Coal to Syntheti
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Change in Management

    25 Mar 2025, 4:28PM This is in reference to our letter of even no. dated 24.03.2025 pertaining to 'Change in Senior Management', certain typographical errors in the colum
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Joint Venture

    25 Mar 2025, 3:18PM Incorporation of Joint Venture Company with Coal India Limited for setting up of Coal to Synthetic Natural Gas (SNG) Project at Eastern Coal Field
  • GAIL (India) - Rumour Verification - Regulation 30(11)

    24 Mar 2025, 7:59PM GAIL (India) Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • GAIL (India) - Rumour verification - Regulation 30(11)

    24 Mar 2025, 7:54PM Please find attached disclosure with respect to the material price movement that was observed in the Company's share price on 24th March, 2025.
  • GAIL (India) - Change in Management

    24 Mar 2025, 11:45AM GAIL (India) Limited has informed the Exchange about change in Management
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Change in Management

    24 Mar 2025, 11:42AM Please find attached the disclosure pertaining to 'Change in Senior Management' as stipulated in Regulation 30 of SEBI (LODR) Regulations, 2015.
  • GAIL (India) - Investor Presentation

    19 Mar 2025, 12:09PM GAIL (India) Limited has informed the Exchange about Investor Presentation
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Investor Presentation

    19 Mar 2025, 12:15PM This is to inform that in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Presentation to be m
  • GAIL (India) - General Updates

    18 Mar 2025, 12:46PM GAIL (India) Limited has informed the Exchange about General Updates
  • GAIL (India) - Disclosure Of Event Or Information Under Regulation 30 Of SEBI LODR Regulations, 2015

    18 Mar 2025, 12:39PM Regulation 17(1), 17(2A), 20 and 21(2) of SEBI LODR Regulations, 2015 - Non-compliance with the requirements pertaining to composition of the Board in
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Mar 2025, 4:21PM GAIL (India) Limited has informed the Exchange about Schedule of meet
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    5 Mar 2025, 4:15PM Schedule of Analyst/ Institutional Investor Meet/ Conference
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    5 Mar 2025, 4:12PM Schedule of Analyst/ Institutional Investor Meet/ Conference
  • GAIL (India) - Press Release

    14 Feb 2025, 10:38AM GAIL (India) Limited has informed the Exchange regarding a press release dated February 13, 2025, titled ""GAIL and Cummins sign MoU for collaboration
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    14 Feb 2025, 10:37AM Please find enclosed a copy of Press Release on 'GAIL and Cummins sign MoU for collaboration on clean energy at IEW 2025'.
  • GAIL to exit US shale venture

    13 Feb 2025, 11:21AM State-owned gas utility GAIL (India) Ltd plans to exit its shale gas venture in the US, following in the footsteps of Reliance Industries Ltd and Oil
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Feb 2025, 4:49PM Please find attached the revised schedule of investor Conferences to be attended by GAIL\r\n
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Feb 2025, 4:48PM GAIL (India) Limited has informed the Exchange about Schedule of meet
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Feb 2025, 3:34PM GAIL (India) Limited has informed the Exchange about Schedule of meet
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    4 Feb 2025, 11:41AM GAIL (India) Limited has informed the Exchange about Transcript
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    4 Feb 2025, 3:39PM This is to inform that in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, schedule of Analyst/
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    4 Feb 2025, 11:38AM Link of Transcripts of Q3FY25 Earnings Conference Call held for discussing Unaudited Financial Results for the quarter and nine months ended 31.12.202
  • GAIL (India) - Press Release

    31 Jan 2025, 9:09PM GAIL (India) Limited has informed the Exchange regarding a press release dated January 31, 2025, titled ""GAIL Increases Start-up Corpus Fund to 500 C
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    31 Jan 2025, 9:02PM Press Release on 'GAIL Increases Start-up Corpus Fund to 500 Cr. to Boost Innovation and Entrepreneurship'
  • GAIL (India) - Copy of Newspaper Publication

    31 Jan 2025, 3:01PM GAIL (India) Limited has informed the Exchange about Copy of Newspaper Publication of the Unaudited Financial Results for the quarter and ninemonths e
  • GAIL (India) has declared 65% Interim dividend for the financial year March 2025

    31 Jan 2025, 7:01AM GAIL (India) Ltd. on Thursday, 23 January 2025, has announced Interim dividend of 65 percent on Equity Share, to its shareholders holding shares on th
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 11:28PM GAIL (India) Limited has informed the Exchange about Link of Recording
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    30 Jan 2025, 11:24PM Link of Audio/ Video recording of Q3FY25 Earnings Conference Call held for discussing Unaudited Financial Results for the quarter and nine months ende
  • GAIL (India) - Outcome of Board Meeting-XBRL

    30 Jan 2025, 5:14PM GAIL (INDIA) LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 30-Jan-2025 for Dividend
  • GAIL (India) - Updates

    30 Jan 2025, 4:58PM GAIL (India) Limited has informed the Exchange regarding 'Information pertaining to Financial Results '.
  • GAIL (India) - Press Release

    30 Jan 2025, 4:19PM GAIL (India) Limited has informed the Exchange regarding a press release dated January 30, 2025, titled ""GAIL reports highest-ever nine-month PAT
  • GAIL (India) - Integrated Filing- Financial

    30 Jan 2025, 2:38PM Outcome of the Board Meeting Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31st December, 2024 and
  • GAIL (India) - General Updates

    30 Jan 2025, 2:35PM GAIL (India) Limited has informed the Exchange about General Updates
  • GAIL (India) - Financial Result Updates

    30 Jan 2025, 2:23PM GAIL (India) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • GAIL (India) - Corporate Action-Board approves Dividend

    30 Jan 2025, 2:23PM the payment of Interim Dividend for the financial year 2024-25 @ 65 % (Rs. 6.50 per equity share) on the paid-up equity share capital of the Company.
  • GAIL (India) - Dividend

    30 Jan 2025, 2:21PM GAIL (India) Limited has informed the Exchange that Board of Directors at its meeting held on January 30, 2025, declared Interim Dividend of Rs. 6.50
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Dividend Updates

    30 Jan 2025, 2:21PM the payment of Interim Dividend for the financial year 2024-25 @ 65 % (Rs. 6.50 per equity share) on the paid-up equity share capital of the Company.
  • GAIL (India) - Dividend

    30 Jan 2025, 2:17PM GAIL (India) Limited has informed the Exchange that Board of Directors at its meeting held on January 30, 2025, declared Interim Dividend of 6.50 per
  • GAIL (India) - Information Pertaining To Financial Results

    30 Jan 2025, 4:49PM Financial Information and Physical Performance for Q3 (2024-25) and \r\n Investors' & Analysts' Presentation (not for Q3FY25 Earnings Conference Call
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    30 Jan 2025, 4:38PM GAIL reports highest-ever nine-month PAT of Rs. 9,263 crores for FY 2024-25'. PAT rises 39% from Rs. 6,660 crores for the corresponding period of last
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    30 Jan 2025, 4:21PM GAIL reports highest-ever nine-month PAT of Rs. 9,263 crores for FY 2024-25'. PAT rises 39% from Rs. 6,660 crores for the corresponding period of last
  • GAIL (India) Q3 net profit up 36.05% at Rs 3867.38 cr

    30 Jan 2025, 3:40PM The company reported standalone net profit of Rs 3,867.38 crore for the quarter ended December 31, 2024 as compared to Rs 2842.62 crore in the same pe
  • GAIL (India) - Integrated Filing (Financial)

    30 Jan 2025, 3:00PM Unaudited Financial Results For Q3 FY 2024-25
  • GAIL (India) - Unaudited Financial Results For Q3 For FY 2024-25

    30 Jan 2025, 2:44PM Unaudited Financial Results for Q3 for FY 2024-25
  • GAIL (India) - Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount On

    30 Jan 2025, 2:34PM Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institution
  • GAIL (India) - Compliances-Reg. 54 - Asset Cover details

    30 Jan 2025, 2:32PM Assets Cover Details
  • GAIL (India) - Board Meeting Outcome for Outcome Of The Board Meeting - Unaudited Financial Results (Standalone And Consolida

    30 Jan 2025, 2:18PM This is in continuation to our letter of even no. ND/GAIL/SECTT/2025 dated 23.01.2025. The Board of Directors of the Company in its meeting held today
  • GAIL (India) - Analysts/Institutional Investor Meet/Con. Call Updates

    27 Jan 2025, 4:40PM GAIL (India) Limited has informed the Exchange about Schedule of meet
  • GAIL (India) - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    27 Jan 2025, 4:41PM This is in continuation of our letter of even no. ND/GAIL/SECTT/2025 dated 23.01.2025.\r\nWith reference to the subject cited above, this is to inform
  • GAIL

    11 Apr 2025 , 10:31AM The company finished laying over 97.6 % of Pradhan Mantri Urja Ganga and started commercial operations in 96.6% of completed pipeline, transporting 12.26 MMSCMD of natural gas.
  • Gail (India)

    16 Jan 2025 , 8:59AM GAIL: Company to receive $285mn (Rs. 2,500 crore) settlement by SEFE Marketing & Trading Singapore (former subsidiary of Gazprom) for non-supply of LNG. Positive
  • GAIL re-engages Process Licensor for revival of PTA Manufacturing Plant

    28 Nov 2024 , 12:37PM GAIL re-engages process licensor INEOS for revival of PTA manufacturing plant in Mangalore
  • GAIL signs MoU with Petron Scientech

    22 Aug 2024 , 1:36PM GAIL signs MoU with Petron Scientech to set up bio-ethylene plant in India
  • Stock Update: GAIL (India

    30 Jan 2024 , 12:39PM Stock Update: GAIL (India) Limited – Robust Q3; strong growth outlook
  • GAIL, ADNOC Gas ink a Long-term LNG contract

    30 Jan 2024 , 10:31AM GAIL and ADNOC Gas ink a Long-term LNG contract fuelling India's Natural Gas industry growth.
  • Gail (India)

    30 Jan 2024 , 10:03AM The company has signed a long-term LNG purchase agreement for the purchase of around 0.5 MMTPA of LNG from ADNOC Gas (Abu Dhabi National Oil Company). Under this agreement, deliveries will commence from 2026 onwards for a duration of 10 years across India. Positive for GAIL.
  • Vitol, GAIL sign long term LNG supply deal into India

    5 Jan 2024 , 1:44PM GAIL and Vitol Asia sign LNG deal for 1 mtpa LNG for 10 years starting 2026
  • GAIL & TruAlt Bioenergy to invest $72 m in CBG JV to set up 10 plants

    3 Jan 2024 , 12:13PM GAIL and TruAlt Bioenergy announce USD 72 Million investment through CBG Joint Venture
  • Stock update – GAIL (India)

    2 Jan 2024 , 11:08AM Stock update – GAIL (India): Core gas transmission biz on firm footing
  • Gail (India)

    4 Dec 2023 , 11:55AM The company has filed an arbitration case against SEPE Marketing & Trading Singapore Pte Ltd. in the London Court of International Arbitration. The quantum of claims stands at up to $1.817 billion and includes alternative reliefs, including non-monetary reliefs. The dispute is related to the non-supply of LNG cargoes to GAIL under a long-term LNG contract.
  • GAIL (India

    2 Nov 2023 , 10:26AM To secure the availability of feedstock for its petrochemical production, GAIL (India) has signed an agreement with Bharat Petroleum Corporation for a 15-year supply of propane for its upcoming petrochemical plant in Usar, Maharashtra. The 15-year supply contract is estimated to have a value of over Rs 63,000 crore. GAIL will be procuring 600 KTPA of propane from BPCL's LPG import facility at Uran. Positive read through for GAIL as the agreement provides feedstock availability for GAIL.
  • Stock update – GAIL Q2FY24 result review

    1 Nov 2023 , 11:29AM Stock update – GAIL Q2FY24 result review: Stellar Q2; promising growth outlook
  • Stock update – GAIL (India)

    27 Sep 2023 , 10:56AM Stock update – GAIL (India): Multiple earnings growth catalyst; valuation attractive
  • Gail (India)

    28 Aug 2023 , 10:16AM The company’s board of directors has approved capex of Rs522 crore to build new Gurdaspur Jammu gas pipeline with a capacity of 2.6 mmscmd. The construction work on the planned gas pipeline is expected to be completed in the next three years and would be funded through a mix of debt and equity. Long term positive for GAIL as it would add to its current gas transportation volume of 116 mmscmd.
  • GAIL enters into strategic partnership with LanzaTech

    19 Jul 2023 , 11:20AM GAIL enters into strategic partnership with LanzaTech to explore biorecycling carbon waste into fuels and chemicals
  • Gail

    9 Jun 2023 , 10:27AM Company has released payment to all stakeholders of insolvent private sector chemical company JBF Petrochemicals Ltd and has completed the corporate insolvency resolution process in 15 months which is one of the fastest in the history of NCLT in the post-COVID period.
  • GAIL (India)

    2 Jun 2023 , 11:18AM The company infused in JBF Petrochemicals Rs 2,101 crore, including equity worth Rs 625 crore and debt worth Rs 1,476 crore, under the resolution plan for the latter. With this, JBF Petrochemicals has become a wholly owned subsidiary of GAIL.
  • Gujarat Gas and GAIL

    1 Jun 2023 , 10:05AM As per media reports, Saudi Aramco has sharply cut propane price by $105/mt m-o-m to $450/mt (lowest since November 2020) for July 2023 due to ample supplies in Middle East & US and low petrochemical demand from China. Lower propane price would be negative for Gujarat Gas as it could impact recovery in industrial PNG volumes. Lower propane price may also impact realisation/margin for GAIL’s LPH-LHC business.
  • Gail (India)

    2 May 2023 , 9:07AM Supreme Court has dismissed Special Leave Petitions (SLP) filed by Gujarat Sales Tax Department against the company. The total demand from Gujarat Sales Tax Department was at Rs3,449 crore plus interest of Rs1,513 crore. Sentimentally Positive for GAIL.
  • Gail (India)

    16 Mar 2023 , 1:29PM As per media reports, GAIL has received nod of the country's bankruptcy court to acquire insolvent private-sector chemical company JBF Petrochemicals Ltd for Rs2,079 crore. Also, Germany’s SEFE will supply 2 LNG cargos each in March and April to GAIL. We highlight here that GAIL was facing LNG supply concern from Gazprom as thus media reports of GAIL to receive LNG cargos from SEFE is positive for the company.
  • Gail (India)

    8 Mar 2023 , 10:47AM GAIL (India): The company's board of directors will meet on March 13, 2023, to consider interim dividend. Also, production at GAIL’s Pata pethecm plant has been resumed to full capacity through arrangement of alternative LNG supplies as force majeure by SEFE Marketing & Trading Singapore Pte. Ltd. for LNG supplies continues. Positive read through for GAIL.
  • GAIL (India)

    3 Mar 2023 , 10:49AM Under proposed unified tariff by PNGRB, GAIL’s weighted average pipeline tariff to be up by 41% as the company proposed to combine its nine gas transmission pipelines. Tariff hike would improve transmission EBITDA and is positive for GAIL.
  • GAIL inks advance pricing agreement with the CBDT

    10 Feb 2023 , 3:24PM GAIL signs advance pricing contract with CBDT for LNG sourcing
  • GAIL and Gujarat Gas

    27 Jan 2023 , 10:56AM The US henry hub gas price has declined to 21-month low level of $3.35/mmbtu and spot LNG price has also corrected sharply to $17.6/mmbtu (versus 28-30/mmbtu earlier). Lower spot LNG price is positive for Gujarat Gas as if sustained would result in volume recovery and stability in margin. The price differential between spot LNG and US henry hub gas price bodes well higher earnings from gas trading segment for GAIL. We have Buy rating on Gujarat Gas and Hold rating on GAIL.
  • Gail (India)

    6 Jan 2023 , 9:56AM GAIL (India): The US henry hub natural gas price has decline sharply to $3.8/mmbtu (at 10-month low) due to expectation of lower gas demand amid milder winters. The steep fall in US henry hub gas price provides opportunity to GAIL to earn high marketing margin in its gas trading business as spot LNG price remains elevated to >$25/mmbtu. Thus, lower US henry hub gas price if sustained would be positive for GAIL.
  • Gail (India)

    21 Dec 2022 , 9:12AM The company raised Rs. 1,575 crore via issuance of 7.34% non-convertible debentures on private placement basis to refinance existing borrowings and/or fund its capital expenditure.
  • GAIL, GSPL

    22 Nov 2022 , 10:55AM PNGRB has announced new natural gas pipeline tariff and introduction of integrated pipeline tariff would be positive for GAIL’s gas pipeline business, but concerns remain on other businesses of gas marketing, petrochemicals and LPG-LHC given volatile product price amid high LNG price. NG pipeline tariff would remove tariff overhang of GSPL. We have Hold rating on GAIL and Buy rating on GSPL.
  • Gail (India)

    18 Aug 2022 , 10:25AM The company’s board of directors has approved fund raising upto the limit of Rs25,000 crore either through rupee term loan up to the limit of Rs25,000 crore or through foreign currency term loan /bond up to the limit of $3.13 billion. The company has not mentioned the purpose of fund raising.
  • Gail (India)

    25 Jul 2022 , 10:04AM GAIL (India): The company’s board of directors will meet on 27 July 2022 to consider issue of bonus equity shares. Sentimentally positive for GAIL.
  • Gail India

    27 Jun 2022 , 10:39AM Fitch Ratings has affirmed GAIL’s Long-Term Foreign-Currency Issuer Default Rating (IDR) rating at 'BBB-' with Stable outlook.
  • GAIL (India)

    15 Jun 2022 , 9:57AM US Henry Hub gas price declined sharply by ~20% to $7/mmbtu as US gas inventories is expected to increase as Freeport LNG has cut export LNG volume (4-5 LNG cargos) due to fire incident and does not expect LNG terminal to return to full plant operations until late 2022. A sustained decline in US Henry Hub natural gas price would benefit profitability of GAIL’s marketing business as it has US LNG contracts of 5.8mtpa linked to US Henry Hub gas price. Positive read through for GAIL.
  • Stock update – GAIL Q4FY22 result review

    31 May 2022 , 12:20PM Stock update – GAIL Q4FY22 result review: Weak Q4; pipeline monetisation to unlock value
  • GAIL (India) Q4FY22 results

    27 May 2022 , 3:05PM GAIL (India) Q4FY22 results – PAT missed estimate on weak performance from gas transmission/LPG-LHC
  • Gail (India)

    13 May 2022 , 10:17AM As per media reports, GAIL has submitted new InvIT proposal to the government for monetisation of gas pipeline assets worth Rs 5,000 crore. We await more clarity on which pipelines are included in monetisation plan and we believe that it would result in value unlocking and could increase dividend pay-out going forward.
  • GAIL to buyback about 5.70 crore shares Rs. 190 per share

    31 Mar 2022 , 1:53PM GAIL board approves buyback of up to 5.7 cr shares at Rs 190/share
  • Gail (India)

    28 Mar 2022 , 11:12AM GAIL (India): The company's board of directors will meet on 31st March, 2022, to consider buy back of the fully paid-up equity shares of the company. Sentimentally positive for GAIL.
  • Gail (India)

    14 Mar 2022 , 2:42PM GAIL (India): The company’s board has approved second interim dividend of Rs5/share and thus taking total dividend to Rs9/share so far in FY22, which implies healthy 6% dividend yield. Sentimentally positive for GAIL.
  • Gail (India) to consider 2nd interim dividend

    4 Mar 2022 , 3:15PM Board to consider 2nd Interim Dividend for FY 2021-22
  • Gail (India) gains as Jefferies upgrades stock

    28 Feb 2022 , 2:23PM Gail (India) rises by 6% to Rs. 142.9, after Jefferies upgrades stock to 'buy'
  • Stock update – GAIL Q3FY22 result review

    4 Feb 2022 , 12:00PM Stock update – GAIL Q3FY22 result review: Record gas marketing biz profitability lifts Q3
  • Gail (India)

    1 Feb 2022 , 9:37AM GAIL (India): The company has commenced India's first-of-it's-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh. This is pilot project and GAIL to establish the techno-commercial feasibility of blending hydrogen in City Gas Distribution (CGD) network and would mark diversification towards hydrogen. Positive read through for GAIL.
  • Gail (India)

    5 Jan 2022 , 11:48AM GAIL (India): The company has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services' (IL&FS) 26% stake in ONGC Tripura Power Company (OTPC). OTPC is a special purpose vehicle set up by ONGC to build a 727MW combined cycle gas turbine thermal power plant at Palatana, Tripura.
  • Gail (India)

    23 Dec 2021 , 3:39PM GAIL: The board of directors of GAIL has approved the payment of an interim dividend of Rs4 per equity share (i.e. 40% on the paid-up share capital of the company) as compared to the interim dividend of Rs5 given in FY21. The record date for the payment of the interim dividend would be Dec 31, 2021. This is neutral for GAIL and we have a BUY rating on the stock
  • Gail (India) announces interim dividend of Rs. 4/sh

    23 Dec 2021 , 2:13PM Gail (India) board recommends interim dividend for for the FY 2021-22 @ 40%
  • GAIL (India) aims to build largest hydrogen plant

    22 Oct 2021 , 11:18AM Diversification into green hydrogen would help create new business streams
  • GAIL (India) on expansion spree

    21 Oct 2021 , 2:52PM Company plans to set up 20/80 LNG stations by March-December 2022 and 300-40 LNG stations for heavy vehicles in next 2-3 years
  • Gail India

    1 Oct 2021 , 9:16AM Hike in domestic gas price is largely neutral for GAIL as the same would get offset by spike in international LPG price.
  • Stock Update: GAIL

    24 Sep 2021 , 11:13AM Stock Update: GAIL - Deep value; pipeline monetisation to unlock value
  • Stock Update: GAIL

    24 Sep 2021 , 11:11AM Stock Update: GAIL - Deep value; pipeline monetisation to unlock value
  • Gail (India)

    15 Sep 2021 , 9:51AM The Competition Commission of India (CCI) has approved the acquisition of 26% stake in ONGC Tripura Power Company Ltd by GAIL (India) Limited. The company is in process of accepting Letter of Intent and signing a Sale and Purchase Agreement with IL&FS. This could be long term positive for GAIL as it would help it to augment its gas marketing volume as ONGC Tripura Power Company operates Combined Cycle Gas Turbine (CCGT) thermal power plant at Palatana, Tripura.
  • Gail (India)

    3 Sep 2021 , 9:45AM As per media reports, the government would start monetisation of GAIL’s 2,229km of gas pipelines through an infrastructure investment trust (InvIT) route. Monetisation of GAIL’s pipeline is now well known to the market and important thing to monitor is potential value unlocking and timeline of monetisation. We have Buy rating on the stock.
  • Gail (India)

    23 Aug 2021 , 10:09AM GAIL (India): As per media reports, GAIL plans to foray into hydrogen generation and may announce acquisition of hydrogen plant to enhance is renewable energy portfolio. Any announcement on the same would help to diversify from natural gas business and align with energy transition goals.
  • GAIL – Stock update

    6 Aug 2021 , 12:16PM GAIL – Stock update (Q1FY22 results): Strong Q1; high oil prices, regulatory push to drive growth
  • Gail (India)

    5 Jul 2021 , 10:47AM As per media reports, GAIL has chalked out its Strategy 2030 and plans to investment expand in petrochemicals, specialty chemicals and renewable energy (RE). expansion. The company is targeting to expand its RE capacity 1GW with a capex of Rs4000 crore in next 3-4 years and also focused to set-up ethanol and bio-gas plants at capex of Rs800-1000 crore. These are long term plans are expected to take time get commissioned but the investment to directionally positive for GAIL. We have Buy rating on GAIL.
  • GAIL (India) – Stock update

    11 Jun 2021 , 10:26AM GAIL (India) – Stock update (Q4FY21 results):
  • GAIL (India) – Stock update

    11 Jun 2021 , 8:56AM GAIL (India) – Stock update (Q4FY21 results): Robust Q4; High crude linked commodity price bodes well for earning
  • Gail (India)

    10 Jun 2021 , 9:35AM The company plans to list two of its gas pipeline projects via an infrastructure investment trust (InvIT) in FY2022 as compared to its earlier plan to spin off its gas transmission business into a separate unit. Also, the company is planning to set-up an ethanol plant with a 500,000 liter/day capacity. Monetisation of pipeline assets would result in value unlocking while likely ethanol plant could aid to valuation going forward. We have Buy rating on GAIL.
  • Gail India

    10 Jun 2021 , 9:06AM Gail, plans to bid for a 400 capacity along with Bhel in a state-run Solar Energy Corporation of India (Seci) tender, said Manoj Jain, chairman and managing director of Gail Also Gail announced good result yesterday and gave positive commentary
  • GAIL (India) Q4FY2021 results

    9 Jun 2021 , 4:42PM GAIL (India) Q4FY2021 results – 16% PAT beat led by strong performance of commodity linked business and higher other income strong petchem profitability and turnaround of gas marketing business is a positive
  • GAIL (India)

    4 May 2021 , 10:22AM GAIL (India): The sustained high Brent oil price at $67-68/bbl supported by improving oil demand scenario in the US and Europe (given opening up of economics) is positive for GAIL as its commodity linked business (petrochemicals and LPG-LHC) benefits in term of higher realisation and margins. We have Buy rating on GAIL.
  • Gail India

    26 Mar 2021 , 10:19AM GAIL Gas Limited, subsidiary of GAIL, has signed an agreement with Confidence Petroleum India Limited (CPIL) for setting up 100 CNG stations in Bengaluru over next three years. GAIL Gas has installed 55 CNG station in the city and expansion of CGD network (GAIL Gas in total is implementing CGD network in 52 cities and towns in India) is positive for GAIL.
  • Gail India

    19 Mar 2021 , 10:21AM The company has signed a concession agreement with Ranchi Municipal Corporation for setting up a Compressed Biogas Plant in Ranchi. As per the agreement, the company will set up a CBG plant for processing 150 tons per day of Organic Municipal Solid Waste. We highlight these efforts for greener fuels are in the initial stage, but diversification would be positive for long term.
  • GAIL (India)

    16 Mar 2021 , 10:29AM Oil minister has said that the government is not considering any proposal to separate GAIL’s pipeline business to a separate company as of now and the GAIL’s entire focus is on building pipelines to connect gas sources to consumers to accelerate gas usage in India. We see the move as neutral for GAIL as anyways GAIL is planning to monetise its pipeline assets through creation of InvIT, which is expected to help in value unlocking for the company as was expected through hiving off pipeline business to separate company. We maintain our Buy rating on GAIL.
  • IOCL and GAIL

    12 Mar 2021 , 10:36AM The board of directors of IOCL and GAIL will meet on March 16 and March 15, 2021 respectively to consider second interim dividend for FY2021. IOCL had announced first interim dividend of Rs7.5/share in February 2021 while GAIL had announced Rs2.5/share of dividend in January 2021.
  • IOCL and GAIL

    12 Mar 2021 , 9:34AM The board of directors of IOCL and GAIL will meet on March 16 and March 15, 2021 respectively to consider second interim dividend for FY2021. IOCL had announced first interim dividend of Rs7.5/share in February 2021 while GAIL had announced Rs2.5/share of dividend in January 2021.
  • GAIL (India) – Stock update

    10 Mar 2021 , 11:04AM GAIL (India) – Stock update: Commodity price recovery to drive earnings
  • Gail India

    18 Feb 2021 , 9:14AM The company’s Rs1,046 crore share buyback program opens for subscription on February 25 and ends on March 10, 2021. We highlight here that the company’s board had approved buyback of fully paid-up equity shares not exceeding 6.98 crore shares (representing 1.55% of the total paid-up equity share capital of the company) at a price of Rs150/share. The record date for share buyback was on January 28, 2021. The buyback price is at 12% premium to last closing price.
  • GAIL (India) – Stock update (Q3FY21 results):

    11 Feb 2021 , 12:08PM GAIL (India) – Stock update (Q3FY21 results): Weak gas marketing performance; Pipeline monetisation key catalyst
  • GAIL (India)

    8 Feb 2021 , 1:52PM As per media reports, GAIL has completed the 348-kilometer natural gas pipeline from Dobhi in Bihar to Durgapur in West Bengal. The pipeline is part of the Pradhan Mantri Urja Ganga project and would help in supply of natural gas to eastern parts of India.
  • Gail (India)

    27 Jan 2021 , 9:54AM As per media reports, GAIL is planning to launch pipeline InvIT for its two gas pipelines (Dahej-Uran-Panvel-Dabhol pipeline and Dabhol-Bengaluru pipeline) with potential minority stake sale 10-20%. The investment in the two pipelines is estimated at Rs3000 crore. Minority stake sale would provide financing of pipeline and will help in value unlocking for its pipeline business. This coupled with potential spin off GAIL’s pipeline business into a separate company would be key positive and help in re-rating of GAIL. We have Buy rating on GAIL.
  • Gail (India)

    22 Jan 2021 , 12:33PM GAIL (India): As per media reports, oil ministry has completed the process to spin off GAIL’s pipeline business into a sperate company (which is likely to become operational from FY2022). We believe that separation of the gas pipeline business and potential carving out of a new company for could lead to value unlocking. Positive read through for GAIL.
  • GAIL announces share buyback up to Rs. 1,046.3 cr

    15 Jan 2021 , 2:36PM Buyback of the fully paid up equity shares of the Company of face value of Rs. 10/ each
  • Gail (India)

    15 Jan 2021 , 10:18AM GAIL (India): The company’s board of directors will meet today to consider buyback of equity share and interim dividend. A decent premium (if any) on CMP of Rs144 would improve investor sentiments towards GAIL as earnings outlook has also improved considerably given sharp surge in oil price and spot LNG price.
  • GAIL to consider share buyback, dividend

    12 Jan 2021 , 10:12AM Board to meet on January 15, to consider buyback, dividend
  • Gail India

    12 Jan 2021 , 9:09AM The company’s board of directors will consider buyback of equity shares and declare interim dividend for FY2021 on January 15, 2021. We have been highlighting that GAIL could announce share buyback given its strong balance sheet and a decent premium (if any) on CMP of Rs136 would further improve investor sentiments towards GAIL. Additionally, earnings outlook has also improved considerable for GAIL given recent surge in oil and spot LNG price. We maintain our Buy rating on GAIL.
  • Gail India

    12 Jan 2021 , 9:07AM The company’s board of directors will consider buyback of equity shares and declare interim dividend for FY2021 on January 15, 2021. We have been highlighting that GAIL could announce share buyback given its strong balance sheet and a decent premium (if any) on CMP of Rs136 would further improve investor sentiments towards GAIL. Additionally, earnings outlook has also improved considerable for GAIL given recent surge in oil and spot LNG price. We maintain our Buy rating on GAIL.
  • GAIL (India): Value play

    3 Dec 2020 , 10:26AM GAIL (India): Value play; regulation supports volume growth
  • GAIL (India) Q2FY2021 results

    10 Nov 2020 , 3:09PM Operating profit marginally above street estimates but below ours; strong performance by gas transmission & petchem; marketing continues to make EBIT loss
  • Gail India

    25 Sep 2020 , 11:29AM The company has said that fire at ONGC’s plant in Gujarat has cut gas supply by 30mmscmd and thus GAIL has also cut gas supply to end users by 40% but the supply to CGD companies. We do not see any material impact because of this as ONGC has already controlled and extinguished the fire at its Surat plant and is expected to resume normal operation soon.
  • Gail (India)

    10 Sep 2020 , 10:29AM As per media reports, Petroleum and Natural Gas regulatory Board (PNGRB) is expected to soon release a framework for unified gas pipeline tariff for integrated gas transportation network of GAIL and Gujarat State Petronet Ltd (GSPL). We believe that unified gas transmission tariff is important to increase gas penetration in India and would also result in higher utilisation of GAIL pipelines (which is operating at close to 48%) in medium to long term. We have Positive view on GAIL.
  • Gail India

    19 Aug 2020 , 1:54PM As per media reports, GAIL has fully awarded a tender offering total 12 cargos (one cargo per month) in 2022 from the US Sabine Pass LNG project in exchange for the same number of shipments to India. The successful swapping of US LNG cargos is positive for GAIL as it provides clarity on marketing of US LNG in FY2022 given Asian spot LNG prices are cheaper compared to delivered price for US LNG contracts for GAIL. The company has LNG supply contract of 3.5 million tons from Chenniere Sabine Pass in the US. We have Positive view on GAIL (India).
  • Gail (India) Ltd

    13 Aug 2020 , 3:58PM GAIL (India) Q1FY2021 results: Sharp miss in operating profit due to EBIT loss in gas trading and petchem segments
  • Gail (India)

    31 Jul 2020 , 11:10AM As per media reports, GAIL is in talks with US and Russian LNG suppliers to relaxation in long term contracted gas prices and volume offtake given sharp decline in Asian spot LNG prices and weak gas demand amid COVID-19. We have been highlighting that any potential negotiations for long term LNG contracted price would help GAIL allay the concern with regarding to marketing of US LNG contacts (for 5.8 million tonnes) and provide earnings visibility from gas marketing business. We have Positive view on GAIL (India).
  • Gail India

    23 Jul 2020 , 11:11AM As per media reports, gas pipeline operators is likely to shift to a unified or pooled tariff regime for inter-connected cross-country gas pipelines from September 1, 2020. Petroleum and Natural Gas Regulatory Board (PNGRB) has already finalised the draft regulation on unified tariff and the same is expected to get implemented soon. We believe that unified tariff would ultimately boost the utilization of GAIL’s pipeline (utilization rate is at only 48% for GAIL’s on pipelines) and for pipelines like Jagdishpur-Haldia-Bokaro-Dhamra pipeline and drive long term volume growth with potential increase in gas penetration. We have Positive view on GAIL.
  • GAIL (India

    23 Jul 2020 , 10:00AM As per media reports, GAIL (India) has requested the government to help it rework pricing for its US LNG contracts as the Asian spot LNG prices has crashed sharply to $2-3/mmbtu. GAIL (India) also wants to negotiate annual LNG volume offtake from its US LNG contracts. We highlight here that GAIL has US LNG contracts for 5.8 million tonnes and any potential revision in pricing norms would help GAIL allay the concern with regarding to marketing of its US LNG and provide earnings visibility from gas marketing business. We have Positive view on GAIL (India).
  • Gail India

    14 Jul 2020 , 11:32AM As per media reports, GAIL is offering total 12 cargos (one cargo per month) in 2022 from the US Sabine Pass LNG project in exchange for the same number of shipments to India. The potential successful swapping of US LNG cargos would be positive for GAIL as it would provide clarity in earning from its gas marketing business in FY2022 given Asian spot LNG prices are cheaper compared to delivered price for US LNG contracts for GAIL. The company has LNG supply contract of 3.5 million tons from Chenniere Sabine Pass in the US. We have Positive view on GAIL (India).
  • Gail India

    9 Jul 2020 , 11:55AM As per media reports, Life Insurance Corporation of India (LIC) has increased stake in GAIL (India) by 2% to 7% through market purchases.
  • Gail India

    7 Jul 2020 , 12:13PM Petroleum and Natural Gas Regulatory Board (PNGRB) has recently proposed a new gas unified tariff structure for the gas pipelines wherein the volume divisor in the tariff calculation will be based on the total gas transmission capacity of a company. We believe that capacity of under construction pipelines like Jagdishpur-Haldia-Bokaro would take time to commission and would not impact the gas transmission tariff. Moreover, gas transmission tariff is calculated over the life of pipelines depending upon volume and capex plan.
  • Gail India

    6 Jul 2020 , 11:37AM As per media reports, Orissa High Court gives clean chit to gas pipeline site of Jagdishpur-Haldia and Bokaro-Dhamra Natural Gas Pipeline (JHBDPL). The JHBDPL phase two is a 1,836-km pipeline system being developed in Odisha, Jharkhand and West Bengal.
  • Gail India

    30 Jun 2020 , 11:13AM As per media reports, Fitch Ratings has affirmed GAIL (India) Limited's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with Negative outlook. GAIL’s credit rating is line with India’s sovereign rating of 'BBB-'.
  • Gail India

    30 Jun 2020 , 9:16AM Petroleum and Natural Gas Regulatory Board (PNGRB) seeks stakeholder view on determination of united tariff for gas transmission pipelines by July 26, 2020. Unified Tarif means the unit rate of gas pipeline tariff for the Integrated Natural Gas Pipeline System. Although the move is on the expected lines but it will benefit GAIL (India) in terms of potential higher gas transmission tariff. We have Positive view on GAIL.
  • GAIL (India) Limited

    26 Jun 2020 , 11:45AM GAIL (India) Limited – Viewpoint: Gas trading segment outperforms; valuation stays
  • Gail India

    25 Jun 2020 , 12:48PM As per media reports, GAIL (India) is planning to acquire ~26% stake in India’s recently launched natural gas exchange. We highlight here that GAIL is already a member of the natural gas trading platform, which was set up by Indian Energy Exchange. The gas exchange is likely to help create gas demand and develop market gas price mechanism.
  • Gail India

    24 Jun 2020 , 2:52PM GAIL Q4FY2020 results: Sharp beat in operating profit; petchem posted positive EBIT while gas marketing EBIT up 29% q-o-q
  • Gail India

    15 Jun 2020 , 3:00PM As per media reports, Oil minister has hinted that GAIL (India) has requested to split into two separate businesses of gas pipeline and gas trading. We highlight here that there have been talks to separate GAIL’s gas transmission and marketing business from quite some time. Further PNGRB would soon notify a tariff policy government is planning to move toward a market driven formula for gas pricing. We believe that separation of the gas transmission and marketing business and potential carving out of gas transmission as a separate subsidiary could lead to value unlocking. We have Positive view on GAIL
  • Gail India

    4 Jun 2020 , 11:39AM The company has signed memorandum of understanding (MoU) with Energy Efficiency Services Limited (EESL) for co-operation in development of tri-generation projects. The 50-50 joint venture will focus on Trigeneration or Combined Cooling, Heat and Power (CCHP) which involves natural gas- fired generators to produce electricity.
  • Gail India

    13 Apr 2020 , 11:05AM As per media reports, GAIL (India) has shut down its petrochemical plant at Pata (Uttar Pradesh) due to decline in demand, transportation hurdles and labor shortage given nationwide lockdown. This is on expected lines given shutdown of factories producing plastic and packaging material using polymers. GAIL’s petrochemical plant at Pata had capacity of 0.9 million tonnes.
  • Gail India

    30 Mar 2020 , 4:59PM The company’s stake in Konkan LNG Limited (KLL) has increased to 69.05% from 40.92% consequent to debt resolution plan and accordingly KLL has become a subsidiary of GAIL (India) with effect from March 27, 2020. KLL owns and operate the 5mtpa LNG terminal at Dabhol. We believe that GAIL’s stake increase in KLL would help it to complete the breakwater facility at Dabhol LNG terminal which is pending for several years.
  • Petronet LNG and GAIL (India

    26 Mar 2020 , 9:51AM India’s LNG importers like Petronet LNG and GAIL (India) have declared force majeure on some shipments of liquefied natural gas (LNG) as domestic gas demand and port operations are hit by a nationwide lockdown to curb the spread of coronavirus. We highlight here that only fertiliser, power and refineries are running at parcel loads as they fall under category of essential commodities. The move is on anticipated lines and reflected in the sharp correction in the stock price of Petronet LNG and GAIL (India).
  • GAIL (India)

    6 Mar 2020 , 12:26PM GAIL (India) – Viewpoint: Valuation factors in weak commodity price concerns
  • Gail India

    25 Feb 2020 , 12:33PM As per media reports, the DoT has sought Rs7,608 crore (including penalty) in AGR dues from GAIL for FY2018 and the telecom department is not pressing for immediate payment of Rs 1.83 lakh crore in past AGR dues it had assessed for GAIL. We continue to believe that DoT demand for past AGR dues from GAIL is not tenable given insignificant revenue contribution from telecom operations. We have Positive view on GAIL given improving fundamentals for gas transmission and trading businesses while the stock is trading near through valuations.
  • GAIL (India)

    20 Feb 2020 , 11:17AM The company has clarified that the telecom dues matter is under examination and the amount assessed (Rs1.83 lakh crore) in the AGR dues order is legally not tenable. The company has filed an application with Supreme Court on January 23, 2020 for seeking clarification of judgment passed. We highlight here that the above news is already known and nothing new has come up in the GAIL's clarification.
  • Gail India

    11 Feb 2020 , 3:27PM GAIL (India) Limited – Viewpoint Q3FY2020 results” Strong show led by gas trading
  • GAIL (India)

    11 Feb 2020 , 2:21PM Petronet LNG’s management has indicated that renegotiation of long term LNG pricing term is inevitable given huge price differential between spot LNG and long term contracted LNG prices. The delivered long term LNG price from RasGas is at ~8-9/mmBtu versus spot LNG price of ~$2.8/mmbtu currently. Any development on this front would be positive for GAIL (stock up by ~6%) as lower long term contracted LNG price would improve profitability of its petrochemical business (operates gas based petrochemical plant). We have Positive view on GAIL (India).
  • Gail (India)

    10 Feb 2020 , 3:40PM GAIL Q3FY2020 results: Beat in operating profit led by better performance of gas trading and gas transmission business
  • Gail India

    5 Feb 2020 , 1:22PM As per media reports, Oil Ministry has moved a cabinet note seeking approval for hiving off GAIL (India) Ltd's pipeline business into a separate entity for a possible sale to a strategic investor (expected post 2022). We believe that separation of gas pipeline business and subsequent sale to strategic investor would help in value unlocking for GAIL (India). We have Positive view on GAIL (India) as the stock is trading near trough valuations.
  • Gail India

    24 Jan 2020 , 11:30AM The company has filed an application with the Supreme Court seeking clarification on the AGR judgement. We highlight here that GAIL has received provisional assessment order from DoT for Rs1. 83 lakh crore for AGR dues (including interest and penalty calculated on entire revenues of the company).
  • Gail India to borrow upto Rs 1,500 crore

    16 Jan 2020 , 3:00PM Board approves INR Debt Fund upto Rs. 1,500 crore at its meeting held on January 16
  • Gail India

    3 Jan 2020 , 10:45AM As per media reports, GAIL’s has said that no amount is payable to Indian government under internet license. We also believe that DoT demand of Rs1.72 lakh crore is untenable given insignificant revenues from telecom business and considering GAIL's standalone net worth of ~Rs44,093 crore on standalone basis. We have Positive View on GAIL (India).
  • Gail India

    23 Dec 2019 , 2:18PM As per media reports, GAIL has received approval of Ministry of Petroleum and Natural Gas to form a wholly owned separate subsidiary for its gas transmission business. The process to hive-off its gas transmission business could take 4-5 years and is expected to start only after the listing of GAIL Gas (city gas distribution arm of GAIL). We believe that separation of the gas transmission and marketing business and potential carving out of gas transmission as a separate subsidiary could lead to value unlocking. We have positive view on GAIL.
  • Gail India

    23 Dec 2019 , 11:59AM As per media reports, department of telecom (DoT) has sent a letter to GAIL seeking Rs1.72 lakh crore AGR dues. GAIL has responded that the company has never did business under internet service provider licence and this it does not owe more than what has already been paid as licence fee. We also believe that DoT demand is untenable given insignificant revenues from telecom business and considering GAIL's standalone net worth of ~Rs44,093 crore. We have Positive View on GAIL (India).
  • Gail (India)

    11 Nov 2019 , 12:11PM GAIL (India): Viewpoint - Weak results but valuation factors in negatives
  • Gail India

    8 Nov 2019 , 3:37PM GAIL Q2FY2020 results: Sharp miss in PAT given continued EBIT loss in petrochemicals, weak profitability of gas trading & LPG-LHC businesses and higher tax rate
  • Gail India

    1 Nov 2019 , 10:27AM Viewpoint – GAIL (India): Attractive investment opportunity; concerns overdone
  • Canada, Singapore PE firms eye GAIL pie

    9 Sep 2019 , 11:20AM IOCL, BPCL also seem interested
  • Gail plans to invest Rs. 45,000 crore over next 5 years

    21 Aug 2019 , 12:04PM GAIL (India) Ltd: As per media reports, GAIL (India) plans to invest ~Rs45,000 crore over the next five years to expand its gas pipelines (expected to invest Rs32,000 crore) and city gas distribution network (target to invest Rs12,000 crore) – long term positive for GAIL (India).
  • Govt mulls spinning off GAIL's gas pipeline business into a separate unit

    16 Jul 2019 , 11:08AM GAIL (India) Limited: As per media reports, the government is considering to split GAIL (India) Ltd by hiving off its pipeline business into a separate entity and selling it off to strategic investors. Earlier plan was to five off gas marketing business into a separate entity given conflict of interest to own both gas marketing and transportation business – Potential positive for GAIL (India) as the move could result into value unlocking from gas transmission business.
  • PNGRB increases the tariff for GAIL pipelines

    6 Jun 2019 , 10:53AM GAIL (India): Petroleum and Natural Gas Regulatory Board has increased the tariff for GAIL’s pipelines namely Hazira-Vijaipur-Jagdispur (HVJ) pipeline by 71.5% to Rs43.67/mmbtu HVJ up-gradation by 5.6% to Rs56.67/mmbtu. The tariff for HVJ Integrated pipeline has been hiked by 18.5% to Rs41.11/mmbtu. We highlight here that these pipelines account for 60% of overall gas transmission volume of GAIL. Our view: We believe that tariff revision seems below the street expectations and is also 58% lower than GAIL’s demand of Rs97.04/mmbtu for HVJ Integrated pipeline; negative for GAIL as the tariff revision could trigger consensus earnings cut for FY2020 and FY2021.
  • Gail plans to list subsidiary GAIL Gas

    29 May 2019 , 10:52AM GAIL (India): As per media reports GAIL (India), plans to list its subsidiary GAIL Gas, which is in the business of city gas distribution (CGD). We highlight here that GAIL Gas has revenues of ~Rs5300 crore and PAT of ~Rs120 crore and listed domestic CGD companies are trading at average one-year forward PE of 18x - positive read through for GAIL (India) as the listing could unlock value of its investments.
  • GAIL India to consider bonus issue on May 27

    21 May 2019 , 11:27AM Board of Directors to consider the proposal for issuance of bonus shares on 27-May-2019 – positive read through for GAIL (India)
  • GAIL to invest in reviving plant at Raigad

    16 May 2019 , 12:39PM GAIL to invest Rs. 8,800 crore for revival of existing polypropylene plant in Raigad
  • GAIL emerge as highest bidder

    23 Apr 2019 , 11:22AM GAIL (India): Has emerged as the highest bidder to buy seven operating wind energy assets (with total generation capacity of 874MW) of the financially struggling Infrastructure Leasing & Financial Services Ltd (IL&FS). GAIL (India) offered ~Rs 4,800 crore ($689 million) for the assets and deal is expected to be closed in three weeks time subject to mandatory approvals – stock to remain in focus.
  • GAIL signs MoU with BHEL for a solar project

    1 Apr 2019 , 10:08AM GAIL and BHEL signs MoU for development of Solar based power project
  • GAIL Gas signs MoU with EESL

    13 Nov 2018 , 10:40AM GAIL Gas signs MoU with EESL for fast-tracking co-generation and tri-generation projects'
  • Essar begins CBM gas supply to GAIL

    3 Oct 2018 , 3:14PM State-owned GAIL to get entire supply from Raniganj block under 15-year contract
  • Indian Railways and GAIL ink MoU

    31 Aug 2018 , 10:17AM GAIL announces that it has taken a significant step towards expanding usage of environment-friendly fuel, Natural Gas across all applications of the Indian Railways by signing a MoU with the Indian railways
  • Government wants GAIL to exit petrochem business

    28 Aug 2018 , 2:30PM Government wants GAIL to gradually exit its petrochemical business to focus on gas transportation business as per media reports. We highlight here that petrochemical business accounted for ~8% of GAIL’s EBITDA in FY2018. The restructuring would help value unlocking for company – positive read through for GAIL.
  • GAIL expect to launch new portal

    27 Aug 2018 , 3:05PM GAIL India is expected to launch a new portal to for common carrier capacity booking by marketing entities and consumers for transportation of natural gas through its pipelines as per media reports – positive read through for GAIL.
  • GAIL Q1FY2019 results

    10 Aug 2018 , 3:34PM GAIL Q1FY2019 results: Sharp beat in operating profit led by higher than expected profitability of gas trading and petrochemical businesses
  • GAIL misses operating profit

    25 May 2018 , 11:53AM Miss in operating profit due to higher than expected cost in gas trading and petrochemical segments
  • Cheniere Energy has started shipment of LNG to India

    6 Mar 2018 , 10:22AM Negative read through for Gail as Cheniere Energy has started shipment of LNG to India through Sabine Pass liquefaction facility in Louisiana.
  • GAIL reports largely in-line volume growth in Q3FY18

    14 Feb 2018 , 2:57PM Largely in-line volume growth but higher than expected operating cost led to miss in operating profit for GAIL.
  • GAIL recommends 1 bonus share of Rs.10 per 3 equity shares

    14 Feb 2018 , 9:27AM Positive read through for GAIL as Board of directors of GAIL has recommended the issuance of one bonus share of Rs. 10/each for existing three equity shares of Rs. 10/each.
  • GAIL renegotiates long-term LNG deal with Gazprom

    17 Jan 2018 , 9:42AM Positive read through as GAIL renegotiated long-term LNG deal with Gazprom.
  • Government is considering a proposal to split GAIL (India) with the marketing operations to be spun off into a separate company as per media reports

    4 Jan 2018 , 10:08AM Positive read through for Gail since the restructuring would help value unlocking for the minority share holders
  • Gail is negotiating deals with US companies

    19 Dec 2017 , 11:18AM Any break through to revise pricing terms would be significant positive for GAIL
  • GAIL awards contracts for laying 520 km pipelines from Dobhi to Durgapur.

    8 Dec 2017 , 4:05PM GAIL has awarded the laying contract for 520 km pipeline connectivity from Dobhi (Bihar) to Durgapur (West Bengal) including a 120 km line to Jamshedpur (Jharkhand).
  • GAIL's Q2 results report improved profitability

    15 Nov 2017 , 2:52PM Improved profitability in LPG-LHC, gas transmission and gas marketing segments lifts EBITDA by 34.8% YoY and PAT by 41.6% YoY
  • GAIL receives PNGRB's authorization

    29 Sep 2017 , 9:43AM Petroleum and Natural Gas Regulatory Board (PNGRB) has issued a public consultation paper (PCP) for authorization of unified/pooled tariff for GAIL’s integrated pipelines - Positive.

Key fundamentals

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Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
07 Feb 2025 6.5 65 2.95 179.66
06 Feb 2024 5.5 55 2.95 163.55
21 Mar 2023 4 40 2.95 109.05
21 Mar 2022 5 50 2.95 154.5
30 Dec 2021 4 40 2.95 129.5
22 Mar 2021 2.5 25 2.95 147.7
27 Jan 2021 2.5 25 2.95 138.5
17 Feb 2020 6.4 64 2.95 126.15
08 Aug 2019 0.89 8.85 2.95 348.35
12 Feb 2019 6.25 62.5 2.95 327.8
30 Aug 2018 1.44 14.4 2.95 309.5
18 Jan 2018 7.65 76.5 2.95 494.4
31 Aug 2017 2.7 27 2.95 380.35
02 Feb 2017 8.5 85 2.95 470.9
08 Sep 2016 3 30 2.95 381.55
16 Feb 2016 2.5 25 2.95 361.7
27 Aug 2015 3 30 2.95 380.95
02 Mar 2015 3 30 2.95 412
10 Feb 2015 0 0 2.95 419.15
27 Aug 2014 5.9 59 2.95 410.15
10 Feb 2014 4.5 45 2.95 346
05 Sep 2013 5.6 56 2.95 326.65
18 Feb 2013 4 40 2.95 343.2
16 Aug 2012 5.7 57 2.95 325.2
25 Jan 2012 3 30 2.95 364.9
17 Aug 2011 5.5 55 2.95 435.25
27 Dec 2010 2 20 2.95 489.35
02 Sep 2010 5.5 55 2.95 433
24 Dec 2009 2 20 2.95 400.05
0 0 2.95 418.5
20 Aug 2009 3 30 2.95 287.45
30 Jan 2009 4 40 2.95 206.15
21 Aug 2008 6 60 2.95 408.7
19 Dec 2007 4 40 2.95 427.75
16 Aug 2007 2 20 2.95 281.2
09 Mar 2007 2.5 25 2.95 272.1
27 Dec 2006 5.5 55 2.95 263.85
28 Jul 2006 2 20 2.95 289.85
20 Feb 2006 2 20 2.95 272.85
16 Jan 2006 6 60 2.95 264.45
14 Sep 2005 4 40 2.95 220.05
27 Dec 2004 4 40 2.95 238.9
13 Sep 2004 4 40 2.95 182.6
13 Jan 2004 4 40 2.95 219.4
29 Jan 2003 3 30 2.95 70.65
11 Sep 2002 0 45 2.95 78.35
0 30 2.95 51.75
0 35 2.95 74.05
0 15 2.95 145

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Company Info

1984 - The Company was incorporated on 16th of August. - The Gas Authority of India Ltd. (GAIL), one of India's leading Public Sector Enterprises, is the largest gas transmission and marketing company in the Country. The Company, possessing a well developed and efficient infrastructure, was established as a wholly owned Company of the Government of India in August, 1984 with 100% equity held by the Goverment of India and, within a short time, it has grown into one of the 'Navratna'enterprises and is ranked among the top ten companies in India. The various activities of the Company range from Gas marketing and distribution through trunk and regional systems, to retailing of Natural Gas to Gas processing for production and marketing of LPG, liquid hydrocarbons and Petrochemicals.The equity pattern in the Company has also changed and the Government today holds about 67% of the equity in the Company. 1995 - GAIL was adjudged the third-best PSU and awarded the prestigious 'Indira Gandhi Rajbhasha Shield' for the year 1994-95 in the category of PSUs in Region 'A'. This award was presented by the President of India on September 14. 1996 - The pipeline to Mathura Refinery along with 165 kms of 36" line was commissioned on December 27, to enable supply of gas to Mathura Refinery well ahead of schedule. - For excellent performance in promoting the spread of Hindi as Official Language, GAIL was adjudged the best PSU in Region 'A' and awarded the INDIRA GANDHI RAJBHASHA SHIELD for the year 1995-96. - Two propane recovery plants at Vijaipur were commissioned to optimally utilise various components of natural gas. - Pipeline to NTPC Zanore (Phase II) and RSEB Ramgarh (Phase II) have been commissioned for gas supply to NTPC and RSEB. In addition, a number of small pipelines were also commissioned. - GAIL signed a 'Principles of Agreement' with Brown & Root Inc, USA, on March 8, for developing the project of gas import from Myanmar and other countries in the region to the east of India, for bringing gas for markets in eastern and southern regions. - The Company entered into a Memorandum of Understanding with the Ministry of Petroleum and Natural Gas. 1997 - The Company launched the Pilot Project for the supply of piped gas to Domestic and Commercial consumers in the city of Delhi. - The Company has entered into an MOU with the Ministry of Petroleum and Natural Gas. 1998 - The Company has commissioned a study to prepare a precise and crystallised vision statement, integrated with strategic business plan, growth models and annual plan perceiving the changing environment. - The Company was received well by international investors; however, due to the unexpected crash of international stock markets, international offer of the equity was deferred by the Government of India. - The Company signed an agreement with M/s National Security Depository Ltd to facilitate shareholders to trade in the shares of the Company in the dematerialised form. - During the year the gas processing unit (GPU), offsite and utilities of the Petrochemical plant at Pata were commissioned. - The Company has entered into Memorandum of Understanding (MOU) with the Ministry of Petroleum & Natural Gas for the last seven years. - The Company has set up its own Research and Technology Development (R&TD) Group to undertake research and technology development activities for optimal and effective utilisation of natural gas in the country. 1999 - During the year four major projects were commissioned. These are : - UP Petrochemical Complex at Pata - Gas Rehabilitation and Expansion Project (GREP) - LPG plant at Usar - LPG plant at Lakwa - The UP Petrochemical Complex at Pata was commissioned in March. - In the LPG area, the company has successfully commissioned its plants at Usar (Maharashtra) and Lakwa (Assam) with designed capacity of 139,000 tonnes and 85,000 tonnes respectively. - In Delhi, the Company has formed a Joint Venture Company with BPCL named Indraprastha Gas Limited (IGL). - The Company bagged first prize under Indira Gandhi Rajbhasha Shield Scheme for the years 1996-97 and 1997-98 for excellence in the area of implementation of the Official Language Policy. - In the area of Gas Technology, the company has signed a Joint Collaboration Agreement with AMOCO along with Indian Oil Corporation Limited (IOCL) and Indian Institute of Petroleum (IIP) for DME India project. 2000 - The Four production unit of the Company viz., the unit at Vijaipur, Vaghodia, Usar and its petrochemical plant in Uttar Pradesh have won the top safety award from the British Safety Council for the 1999. - Gas Authority of India Ltd (GAIL) has signed an agreement with the Karnataka State Industrial and Infrastructure Development Corporation to study the techno-economic feasibility of setting up a gas pipelin to serve various end-users in Karnataka and Kerala. - The Company will lay a high-capacity fibre-optic cable network alongside the Jamnagar-Loni liquid petroleum gas pipeline. - The Company has proposed to develop a gas network in Rajasthan for facilitating the supply of fuel for industrial and economic development in the state. - Chennai's Tamil Nadu Electricity Board has signed an agreement with Gas Authority of India, for supplying 4.5 lakh standard cubic metre of natural gas per day for the power project at Kuttalam in Nagapattinam district. - The Company has to set up the world's largest network of gas pipelines, covering the whole of Rajasthan. - The Gas Authority of India Ltd and the Tripura Natural Gas Company Ltd. signed an agreement for the supply of increased quantity of natural gas to the domestic sector in Agartala. - Gas Authority of India, the nodal gas pipeline company in the country, is diversifying into the telecom sector and has tied up with Bharti Telesonics, BPL Broadband, Shyam Telecom and Escotel Mobiles for leasing bandwidth capacity. - The company is in talks with the National Iranian Gas Company for a possible joint venture for importing and marketing of 5 million tonnes of LNG from Iran. - The Company has entered into a joint co-operation agreement with Total Gas and Power India and Tata Electric Company for the import of LNG at Trombay. - GAIL signed a $36 million deal with Gazprom of Russia for development and exploration in the north-east coast shallow water offshore in West Bengal. - GAIL and Andhra Pradesh Industrial Infrastrucure Corporation signed an MoU for supplying natural gas to the domestic and commercial consumers through pipeline under the town gas supply scheme. - Gas Authority of India Ltd. has signed an agreement with Hindustan Petroleum Corporation Ltd. for transportation of LPG along the Jamnagar-Loni pipeline. - Chairman and Managing Director of the company Mr. C.R. Prasad, has been conferred "Distinguished services" award by the National Association of Corrosion Engineers International India Section. - Gas Authority of India Ltd. and Power Grid Corporation of India (PowerGrid) have signed a memorandum of understanding for leasing out bandwidth capacity of their combined telecom network to various telecom operators. - GAIL owns and operates over 4000 km of pipeline and has about 95% market share in the Natural Gas business in India. Also, more than half of the total Urea production in India is Gas-based out of which GAIL contributes more than 90%, thus making a significant contribution to India's agriculture sector also. - The Company plans to enter the Telecom Sector as "Carriers-Carrier" through leasing of bandwidth. The Company would be leasing the bandwidth to telecom companies using its optic fibre system available on the HBJ pipeline, the Jamnagar-Loni LPG Pipeline and by adding new optic fibre systems in various sectors. During the year 2000-2001, the company became the first company in the country to obtain the License of Infrastructure Provider - category II for leasing of bandwidth and has already commissioned the link between Delhi and Vijaipur in Madhya Pradesh. 2001 - The Kerala State Industrial Development Corporation will sign a `gas co-operation agreement' with Gas Authority of India Ltd. for the pipeline project from the proposed LNG terminal in Kochi. - - Gas Authority of India Ltd (Gail) has signed its first equity participation agreement for the power sector by picking up 12 per cent equity in the Gujarat State Energy Generation Ltd (GSEG). - Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have signed a `transport service agreement' (TSA) for transportation of LPG through the Vizag-Secundrabad pipeline. - Gas Authority of India Limited (GAIL) has undertaken integrating its gas pipeline network in the country through capacity expansion and by adding new pipelines - Gas Authority of India Ltd (GAIL) has paid a dividend of Rs 227.8 crore to the Government for 2000-01. -The Centre on 29th October ruled out divestment of its stake in Oil and Natural Gas Corporation, Indian Oil Corporation and Gas Authority of India, saying these flagship companies will continue to be under its control in medium to long term. We have made it clear that government will not dilute its control in these three flagship companies in view of national oil security, union minister for petroleum and natural gas Ram Naik told. - The Company also completed the worlds longest and India's first cross country LPG Pipeline. The Company's plant at Gandhar also commenced trial production in March 2001. - The Company proposes to lay a 600 kms pipeline from Vizag to Secunderabad at an estimated cost of Rs 490 crores. 2002 -Mr. Ravi Saxena,Director on the Board of GAIL, passes away -GAIL, ONGC enter alliance for international practices to include both supply end and consumer end contracts -GAIL signs Memorandum of Cooperation with National Iranian Oil Company (NIOC) of Iran -Wins the two top Safety Awards from the OIl Industry Safety Directorate (OISD), for its safety performance during 1999-2000 and 2000-2001 -Acquires 10% stake in gas project owned by Daewoo International -Signs an MOU with Hindustan Petroleum Corporation Ltd. for setting up a JV company for distribution of natural gas/ auto-LPG/ piped gas in the cities of Andhra Pradesh -Signs a Memorandum of Understanding (MoU) to enter into a tie-up to take up the development of a spur line and pipeline network in different towns with Greater Calcutta Gas Supply Corporation Ltd (GCGSL) -GAIL's Agartala city gas feeder pipeline inaugurated -Gail enters into energy co-operation deal with French company Gaz de France (GDF) -Enters into collaboration with Indian Oil Corporation (IOC) for providing co-operation in the field of research and development for sustained energy growth in the nation -Signs agreement with Rajasthan State Power Corporation (RSPC) for the supply of gas for the Rs 876 crore Mathania power plant, near Jodhpur -Starts Delhi-Mumbai Optical Fibre Connectivity -HPCL ties-up with Gail, ONGC to purchase LPG -Discontinues supply of Natural Gas to Kajaria Ceramics Sikandrabad plant -Approves Dahej-Uran Pipeline through Hazira -Agrees to production swap deal with Haldia Petrochemicals Ltd. (HPL) -Ties up with Hindustan Petroleum Corporation Ltd. (HPCL) for auto LPG,CNG distribution -Obtains govt nod to acquire 25-pc stake in Kakinada LNG project 2003 -GAIL, HPL tie up for production-cum-swap marketing deal -Ties up with Energy Infrastructure India Ltd. (EIIL) for transportation of LPG -Shell Gas BV offers 29 pc equity in two firms (Fayum Gas Company (FGC) and Shell Compressed Natural Gas Company (SCNG), located in Egypt ) to Gail -Signs co-operation agreement with Turkey-based Botas Petroleum Pipeline Corporation for joint participation in cross-country pipelines projects, development of gas processing facilities and compressed natural gas (CNG) projects in India, Turkey and third countries -Enters into a product exchange agreement with Haldia Petrochemicals Ltd. (HPL) to strengthen the marketing alliance -Clinches a deal with three fertiliser and power firms (Nagarjuna Fertiliers, Lanco Group's power project in Kondapalli and GVK's Spectrum power project, all in Andhra Pradesh) for selling natural gas from Ravva satellite fields at market price -Embarks on Rs 400 crore expansion -Strikes oil, gas near Ahmedabad in the Cambay basin -Company and the PY-1 Consortium of Mosbacher India LLC (MIL) and Hindustan Oil Exploration Company Ltd. (HOEC) have signed an agreement for gas sales and transportation -Begins laying down Dahej-Uran pipeline -Construction work of the Visakhapatnam-Secunderabad LPG pipeline gets completed before the schedule time -Shell invites Gail to take 24-pc stake in Egypt Offshore block -Union Ministry of Petroleum decides not to privatise GAIL -Shri Badal K Das Additional Secretary & Financial Advisor to Ministery of Petroleum & Natural Gas has been nominated as part time director on the Board of GAIL India Ltd wef September 2, 2003. -Sought government approval to monetise its 2.5 per cent holding in Oil and Natural Gas Corporation (ONGC). -Central government nominated Gail as monpoly builder for cross-country gas pipelines. -Naik unveils gas conservation programme 2004 -The fortunes of ONGC-Videsh (OVL) and Gail (India) Ltd rose today with a major gas find in the Myanmar offshore area. -Gail enters into gas cooperation agreement with UP govt -Gujarat State Petroleum Corporation inks pact with GAIL for regassified LNG -Gail and Uttar Pradesh State Industrial Development Corporation enter into agreement for gas supply -GAIL ties up with Coal India to expand Dankuni gas project -Gail in fray with BPCL over Mgmt matters in Pune Gas Joint Venture -GAIL (India) Ltd has switched over to the e-banking system installed by the State Bank of India for all its major payments. -Govt. comes out with offer for sale of upto 84,565,160 equity shares of Rs 10 each priced at Rs 195 per share -GAIL India Ltd has on April 5, 2004 signed a Development Agreement with Tata Power Company Ltd & BP to jointly participate in evaluating the Dabhol gas and power opportunity. -GAIL ties up with DuPont for sale of pipe coating system -Gail ties up with Sumitomo Chem for mosquito nets production -Gail join hands with Shell to produce Syngas -Gail India Ltd (Gail) has re-affirmed its interest in a slew of projects totalling Rs 10,450 crore in Kerala by signing a gas cooperation agreement (GCA) with Kerala State Industrial Development Corporation (KSIDC) -GAIL inks agreement with prosperous LNG customers in Kerala -GAIL acquires stake in NATGAS of Egypt -GAIL signs pact to undertake feasibility study on national gas grid - GAIL (India) Ltd, in association with Gujarat State Petroleum Corporation (GSPC), strikes oil in the Cambay basin (block CB-ONN-2000/1) in Gujarat. -GAIL India ties up with with Gasunie Engg BV of Netherlands for cooperation in the fields of engineering trading, training, research and development, pilot projects and providing energy solutions to industrial customers -GAIL sets up subsidiary company in Singapore -KMML ties up with GAIL for LNG supply 2005 -GAIL sign pacts with RCF for supply of gas -GAIL ties up with SAIL -NCDEX inks MoU with GAIL for natural gas spot trading -GAIL signs MoU with Spectra International on February 15, 2005 -GAIL signs deals with Bangla, Iranian firms -GAIL signs MoU with SPECTRA International, Bangladesh -GAIL signs MoC with Ergo Exergy Technologies Inc -GAIL inks pact with NPC, Iran -Gail signs MOU with Cosmos of Bangladesh -GAIL inks MoU with BDCL to undertake pipeline projects in Bangladesh - Gail India Ltd and Indian Oil Corporation Ltd (IOC) sign a Joint venture agreement on May 11, 2005 for implementation of city gas projects in Agra and Lucknow. - Company successfully implements innovative "Gas Management System" (GMS), the Web Enabled system which ensures better co-ordination and total transparency for the first time in India. -Gail & BIS launches Development of National Standard & Code of Practice for Natural Gas pipeline systems -GAIL has received the coveted NPMP award in recognition of excellence in Enterprise Category for Dahej-Vijaipur Pipeline Project -GAIL joins hand with Leyland for CNG biz -Gail India & EIL signs MoC for pursuing Natural Gas business overseas 2005 -Gail India ventures into Marketing Crude Oil segment -Gail (India) has sold its first consignment of crude oil to Indian Oil Corporation's Koyali refinery in Gujarat -Gail India & IOCL form Green Gas Ltd -Gail India signs production sharing contract for two NELP V blocks -GAIL signs historic pact for equity participation in A-3 Block, Myanmar -Gail India Ltd has announced GAILTEL, RAILTEL and Power Grid Corporation have inked pact for strategic alliance to face competitive scenario in telecom business -Gail ties up with Belgian firm for LNG technology -Gail join hands with Powergrid, Railtel to create fibre network -Two plants of Gail receives British Safety Council Sword of Honour award -GAIL opens diagnostic centre 2006 -SP Rao appointed as Gail CMD on Aug 27,2006 - Gail India Ltd has announced that Shri. Mohan R Hingnikar, the Company's Director (Human Resources) will take over additional charge as Chairman & Managing Director (CMD) of the Company on November 01, 2006. He succeeds Shri. S P Rao, CMD and Director (Projects) who superannuated from service on October 31, 2006. - Gail India Ltd has informed that Shri. Mohan R Hingnikar, the Company's Director (Human Resources) has taken over additional charge of Chairman & Managing Director on November 01, 2006. He has succeeded Shri. S P Rao, CMD & Director (projects) who superannuated from service on October 31, 2006. Shri. Santosh Kumar has joined as Director (Projects) on November 01, 2006. -Gail India Ltd has announced that the Company has received the Oil Industry Safety Directorate (OISD) Award for its Hazira- Vijaipur - Jagdishpur (HVJ) pipeline for the year 2005-06. 2007 - Gail India Ltd has announced that the Company has launched 'e-tendering' as its e-Governance initiatives in the Company. The e-tendering was launched on February 13, 2007 by the Company's CMD, Dr. U D Choubey in the presence of all functional Directors and senior officials of the Company. -GAIL unveils e-tendering facility. -Gail India Ltd and Reliance Industries Ltd (RIL) signing a Memorandum of Understanding (MoU) for cooperation in gas sector on March 15, 2007 . -Gail India Ltd delists securities from 'The Delhi Stock Exchange Association Limited' (DSE) with effect from March 24, 2007. -Gail India Ltd has appointed Shri. S Sundareshan, Additional Secretary, Ministry of Petroleum & Natural Gas (MoPNG), as Part-time Director (Government Nominee) of the Company, in place of Shri. Anil Razdan, Special Secretary (MoPNG). - Gail (India) Ltd has formed a joint venture with Indian Oil Corporation (IOC) for gas distribution in Kolkata and other towns. -Gail India Ltd has announced that the Company and ONGC on July 24, 2007 signed a Memorandum of Understanding (MoU) for formation of a Joint Venture. - Gail India signs MoU with Transparency International India for Integrity Pact with Contractors. -Gail India Ltd and Reliance Gas Transportation Infrastructure Ltd (RGTIL) have signed an Agreement for Transmission of natural gas from the Krishna Godavari (KG) basin. -GAIL signs Gas Cooperation Agreement with Government of Puducherry 2008 -The Company has issued Bonus Shares in the Ratio of 1:2. -Government awards marketing rights of PMT gas to GAIL as Government of India nominee - The 30" diameter, 576 km long Dahej-Panvel-Dabhol pipeline with a design capacity od 12 MMSCMD commissioned. - Commercial production of oil from Cambay basin blocks CB-ONN-2000/1, having equal participation by GAIL and GSPC commences. - Expansion of Petrochemical Plant at Pata for increasing capacity from 310,000 TPA LLDPE/HDPE to 410,000 TPA completed. - Brahmaputra Cracker and Polymer Limited (BPCL), subsidiary of GAIL with partners as Government of Assam, Oil India Limited for setting up 2,80,000 MT Gas Cracker Project at Lepetkata District Dibrugarh, Assam at an investment of Rs, 5,460 Crores. - MoU with Reliance Industries Limited signed for joint cooperation in petrochemicals. - GAIL forms a Joint Venture Company (JVC) with China Gas Global Energy Holdings Limited. GAIL and China Gas are equal partners in this JV which has been registered in Bermuda. This is the first Joint Venture Company of GAIL abroad. The JVC will pursue opportunities in CNG, City Gas, Pipeline, CBM, LNG and E&P projects. - GAIL signs MoU with ITERA Oil and Gas Company of Russia - GAIL and HPCL signs JV agreement for City Gas projects in Rajasthan - GAIL and Indian Oil ink MoU for JV in City Gas Distribution in West Bengal. - GAIL sets up a subsidiary (GAIL Gas Limited) for City Gas Distribution and City Corridor Business. 2009 - GAIL Gas limited wins the rights for rolling out city gas distribution projects in Meerut, Sonepat, Dewas and Kota. - GAIL signs gas cooperation agreements with Tamil Nadu, Himachal Pradesh, Karnataka and a MoU with IFFCO for setting up of Gas based Power Plant in Barauni. - A special commemorative postage stamp released on the occasion of GAIL's silver jubilee by Her Excellency, Smt. Pratibha Patil, President of India. - GAIL consortium is awarded one onland block in Cauvery during NELP-VII bidding round. - GAIL signs MoU with IOCL for setting up of petrochemical plant at Barauni and laid the foundation stone of the 6th gas cracker furnace at Pata plant. - GAIL establishes natural gas pipeline connectivity to Pune city gas, consumers of Usar region, City Gate stations at Noida, Greater Noida, Gurgaon and Faridabad and East-West pipeline at Oduru (A.P), Mhaskal (Maharashtra) and Ankot (Gujarat). - GAIL establishes LPG pipeline connectivity to Essar Oil Refinery at Jamnagar IOCL bottling plant at Vijaipur and Gandhar and BPCL bottling plant at Jaipur. 2010 - As Gail India granting plans to bring gas pipeline to Uttarakhand, the Government of Uttarakhand has urged the Centre to supply 3 million standard cubic meters per day of gas to the state and said that it was eager to set up a gas-based power plants in a joint partnership with the state-run entity. - GAIL (India) Limited has completed the route survey for its 1400 Km Dabhol - Bengaluru gas pipeline project for supplying natural gas to Karnataka. -The government of Uttarakhand said that it was setting up two gas-based plants of 500 Mw each in association with Gas Authority of India (Gail). - GAIL India Ltd has sought assured supplies of natural gas from Qatar in order to set up a $1.3 billion mega petrochemical plant with Reliance Industries in the gas-rich nation. - GAIL & MIDC form JV to lay gas infrastructure in Maharashtra. - GAIL (India) Limited today started natural gas supply to Maruti Suzuki India Limited at its Manesar plant. - Gail India bags SCOPE Meritorious Award. - MIDC plans 50:50 gas distribution infrastructure JV with GAIL - GAIL India is all set to launch its pipelines in South India. - GAIL (India) and Brahmaputra Cracker and Polymer (BCPL) have signed an agreement for marketing Polymer Products. - GAIL plans Rs 40,000 cr capex by 2014-15 - GAIL looks at importing spot Liquefied Natural Gas in Nov-Dec - GAIL goes full steam on Dabhol - Bangalore Pipeline places pipeline construction orders worth Rs. 677 crore. - GAIL begins construction of Natural Gas pipeline for UP, Uttarakhand. - GAIL (India) Ltd has begun two-stage construction of a total of 182 km of natural gas pipeline in northern India. - GAIL (India) Ltd has entered into a three year agreement with Marubeni, the Japanese trading in order to buy 0.5 million tonnes of liquefied natural gas (LNG) starting in January 2011 - GAIL - An intercity drive to promote clean and lean CNG as a preferred fuel option for vehicles - GAIL expansion plans - sub-sea pipeline from Kochi to Kayamkulam - GAIL - GAIL receives award for Performance Excellence 2011 - GAIL - ONGC and GAIL agreed to reinforce ties in areas of Natural Gas and Petrochemicals - Indian gas transportation firm Gail India ltd has agreed to the Petroleum Ministry's proposal for the pipeline companies to charge lower tariffs than approved rates. - GAIL targets for over 118 MMSCMD Gas Transmission in FY 2011-12 by signing Annual MoU with MoP&NG. -GAIL India Ltd has joined hands with AP Gas Infrastructure Corporation to emerge as a strong piped gas supplier across the state of Andhra Pradesh. - Shri R P N Singh launches Asia's First Integrated Gas Management System at GAIL - GAIL Gas Limited and Vadodara Mahanagar Sewa Sadan set up Joint Venture for City Gas Distribution - GAIL launches Asia's first integrated gas management system. - Gail join hands with Vadodara Mahanagar Sewa Sadan (VMSS) for piped cooking gas distribution. - Mr.S.Jaipal Reddy dedicates GAIL's Chainsa-Sultanpur-Neemrana pipeline to the Nation. - GAIL - GAIL conferred with "Outstanding PSU of the Year" Award - GAIL has got its Board's approval and will be soon setting up its first power plant in the country. The plant will come up at Uran in Maharashtra at an investment of around Rs 800 crore. - GAIL and KSIIDC signed JV agreement to develop Natural gas Infra and City Gas Distribution Network in Karnataka -GAIL plans capex of $2 billion to acquire gas assets in US and Australia -GAIL - Gail and UJVNL join hands to set up Gas based power generation in Uttarakhand. - State-owned gas utility GAIL India announced signing of a Memorandum of Understanding with Uttarakhand Jal Vidyut Nigam Ltd, under which it would be evaluating the possibility of setting up two gas- based combined cycle power plants in Haridwar and Kashipur, Uttarakhand. - GAIL UTKARSH - 12 crack IIT / IIT (EML), 3 qualify for ISRO, 10 qualify for AIEEE and 26 for UPTU - GAIL to increase number for free coaching to 100 students." - GAIL - GAIL gets Award for excellence in Cost Management from ICWAI - Gas Authority of India Ltd (GAIL) is considering plans to acquire 50 per cent stake in Andhra Pradesh Gas Distribution Corporation (APGDC). - GAIL - GAIL Ties up with Carrizo of USA (Acquires Shale Gas Assets in Texas). - GAIL (India) Limited has been formed with the name of "GAIL Global (USA) Inc." - Marking its first shale gas assets acquisition in the US, the state-run gas utility GAIL India said that it has bought 20 per cent stake in Carrizo Oil & Gas Inc’ Eagle Ford Shale for USD 95 million. - GAIL gets approval from West Bengal govt. for proposed JV with Greater Calcutta Gas Supply Corporation(GCGSC). - GAIL - GAIL opens office at Singapore. - Gail invests $1bn for war chest to acquire shale gas assets - Gail planning to buy BG stake in Gujarat Gas Company - GAIL gets rights from Petroleum and Natural Gas Regulatory Board (PNGRB) to lay Surat-Paradip pipeline - Gail acquires stake of Carrizo in Eagle Ford Shale - GAIL - GAIL is world's no. 1 Company in Downstream Operation - GAIL bags $ 100 mn loan from Bank of Tokyo-Mitsubishi UFJ. - GAIL has signed a Sales and Purchase Agreement (SPA) with Sabine Pass Liquefaction, LLC to buy 3.5 million tonnes LNG for next 20 years. - GAIL - GAIL and Cheniere, USA sign 20-year LNG Sale and Purchase Agreement - GAIL - GAIL gets Top ICSI National award for Excellence in Corporate Governance 2012 GAIL India stated that its subsidiary GAIL Gas has signed an agreement to set up an Rs 5,000 crore liquefied natural gas (LNG) import facility around Kakinada or Vishakapatnam in Andhra Pradesh. - To help the fuel-starving power units in Andhra Pradesh, the state run GAIL India is likely to sign a gas deal with Reliance Industries Limited (RIL) to provide 2.5 million standard cubic meters per day domestic gas to the state. - GAIL joins hands with Excelerate Energy to import over 16 cargoes in FY13 - Gas Authority of India Ltd (GAIL) is in search of various proposals for equity stakes and long-term supply contracts focusing on the United States, West Asia and South-east Asia. - GAIL targets for over 85 MMSCMD Gas Marketing and 121 MMSCMD Gas Transmission in FY 2012-13 - Signs Annual MoU with MoP&NG". - GAIL signs agreement with ITPL International Technology Park Ltd for supplying natural gas. - GAIL Gas Limited, through its joint venture APGDC, inks pact with GDF Suez LNG UK for setting up FSRU in Andhra Pradesh. - GAIL India Ltd signed a Gas Sales & Purchase Agreement (GSPA) to import gas from Turkmenistan to be transported through the TAPI pipeline. - GAIL completes joint venture formalities with Vadodara Municipal Corporation (VMC). - GAIL - GAIL and ONGC sign Collaboration Agreements. 2013 - State Govt approves GAIL-Vadodara Municipal Corporation(VMC) Joint Venture for piped gas connections in Vadodara - GAIL India consortium, Deep Energy secure exploration blocks - GAIL India commissions 5 mn tonne LNG terminal at Dabhol -Entered in Solar Power generation by commissioning 5 MW Solar Power Plant under Jawaharlal Nehru National Solar Mission -GAIL C&MD, Shri B C Tripathi, conferred the prestigious `Best LNG Executive Global Award' for 2013 at CWC's 14th World LNG Summit being held at Paris -Dabhol-Bengaluru Pipeline Project awarded as Premier Project in large construction category at Platts Global Energy Awards 2013 -GAIL signs Gas Cooperation Agreement with Government of Bihar -GAIL and Shipping Corporation join hands for LNG Shipping -GAIL picks up Company of the Year awards in the three categories at PetroFed Awards 2012 2014 -Gas supply secured in US for export of 2.3 MMTPA LNG to India from Dominion Cove Point LNG Liquefaction Terminal. -MoU with RCF, CIL & FCIL executed for implementing Coal Gasification project at Talcher comprising of JV-I (coal gasification) and JV-II (Urea & Ammonia, Ammonium Nitrate, captive power plant and integrated utility). -GAIL declared the top Indian company in the `Gas-Processing, Distribution and Marketing' Sector for the Dun & Bradstreet Corporate Awards 2014 -GAIL adjudged `Best Performing Company' (Maharatna category) at the India Today PSU Awards 2014 -APGDC, GDF SUEZ, Shell and GAIL sign MOUs for the floating LNG terminal in Kakinada, Andhra Pradesh -GAIL Gas joins hands with UPSIDC to expand natural gas 2015 -Indian Oil and GAIL (India) Ltd, two Maharatna Public Sector Companies of India, have signed MoU with Dhamra LNG Terminal (DLTPL) -Gail (India) Ltd has signs Heads of Agreement (HoA) with the company for the procurement of natural gas -GAIL signs MoU with SDMC to provide civic services in Bhikaiji Cama Place Services - GAIL Gas Ltd and Rajasthan State Petroleum Corp, has signed an agreement for developing natural gas infrastructure in Rajasthan -Gail (India) Ltd has completed GAIL's Jagdishpur-Haldia Pipeline Project connects Barauni in Bihar -GAIL partners TERI to develop document on climate change 2016 -GAIL (India) Ltd Gas Sale and Purchase Agreement (GSPA) with Petronet LNG Limited -GAIL surges over 5 pct as PNGRB revises KG Basin gas tariff -Gail starts drilling first exploratory well in Cambay basin -GAIL contributes Rs. 10.00 crores towards skill development in Andhra Pradesh -GAIL launched a natural gas awareness campaign in Haridwar 2017 -GAIL launches CGD project implementation in Bhubaneswar and Cuttack. -GAIL has been awarded natural gas pipeline laying work contracts for 131-km in Kerala. -GAIL launches Start-up initiative 'Pankh'. -GAIL commences 100% construction work in Kerala stretch of KKMBPL Project. -GAIL fast tracks implementation of Pradhan Mantri Urja Ganga Project Pipe laying Contracts awarded in Bihar, Jharkhand and West Bengal. 2018 -GAIL commissions Indias second largest rooftop solar plant. -GAIL to extend Urja Ganga gas pipeline to Guwahati. -GAIL strengthens its partnership with Gazprom. -GAIL begins pipeline work in Bengal for fuel supply to Matix. -GAIL (India) Ltd. announces bonus share issue in the ratio of 1:3. 2019 -GAIL inks pact with BHEL to develop solar power project. -GAIL commissions 165 km Gorakhpur pipeline project under PMUG. -GAIL hires LNG ship from Mitsui for ferrying US gas. 2020 -EESL, GAIL India ink MoU for 'trigeneration' projects. 2021 -GAIL (India) Ltd. - Purchase Of NTPC Entire Shares In Konkan LNG Ltd. And Sale Of GAIL Entire Shares. -GAIL (India) receives Moody's Baa3 rating with Stable outlook. -GAIL (India) - NCLT Granted Approval For Acquisition Of IL&FS'S Stake In OTPC By GAIL. 2022 -GAIL Wins Best `Energy Transition - Midstream Company' Award. -Vigilance Commissioner Launches GAIL's E-Vigilance Portal. -GAIL Integrates With UN Cop15 Patronised Global Awareness Campaign On Biodiversity, Environment & Climate Change. -GAIL Acquires 26% Stake In ONGC Tripura Power Company. 2023 -GAIL (India) Limited wins SAP ACE Best Financial Transformation Award 2023 for implementation of Vendor Invoice Management Systems. -GAIL And BPCL Sign Agreement For Supply Of Propane For GAIL's Petrochemical Plant At Usar. -GAIL, LanzaTech Enter Strategic Partnership To Explore Biorecycling Carbon Waste Into Fuels And Chemicals. -GAIL Awarded Two Prestigious Awards In FIPI Oil & Gas Awards 2022. -GAIL Inaugurates State-Of-The-Art Centre For Digitization And Centralization Of Its Payments Process. 2024 -GAIL signs long-term charter contract with K LINE for LNG ship. -GAIL wins SAP ACE Best Financial Transformation Award for the second year in a row. -GAIL signs 10-year agreement with ADNOC Gas for delivery of upto 0.52 MMTPA LNG. -GAIL and AM Green sign MoU for jointly developing renewable energy up to 2.5 GW and green chemical projects. -GAIL (India) Limited launches `Waah Kya Energy Hai' Campaign to Promote Clean and Sustainable Fuel Choices.

1984 - The Company was incorporated on 16th of August. - The Gas Authority of India Ltd. (GAIL), one of India's leading Public Sector Enterprises, is the largest gas transmission and marketing company in the Country. The Company, possessing a well developed and efficient infrastructure, was established as a wholly owned Company of the Government of India in August, 1984 with 100% equity held by the Goverment of India and, within a short time, it has grown into one of the 'Navratna'enterprises and is ranked among the top ten companies in India. The various activities of the Company range from Gas marketing and distribution through trunk and regional systems, to retailing of Natural Gas to Gas processing for production and marketing of LPG, liquid hydrocarbons and Petrochemicals.The equity pattern in the Company has also changed and the Government today holds about 67% of the equity in the Company. 1995 - GAIL was adjudged the third-best PSU and awarded the prestigious 'Indira Gandhi Rajbhasha Shield' for the year 1994-95 in the category of PSUs in Region 'A'. This award was presented by the President of India on September 14. 1996 - The pipeline to Mathura Refinery along with 165 kms of 36" line was commissioned on December 27, to enable supply of gas to Mathura Refinery well ahead of schedule. - For excellent performance in promoting the spread of Hindi as Official Language, GAIL was adjudged the best PSU in Region 'A' and awarded the INDIRA GANDHI RAJBHASHA SHIELD for the year 1995-96. - Two propane recovery plants at Vijaipur were commissioned to optimally utilise various components of natural gas. - Pipeline to NTPC Zanore (Phase II) and RSEB Ramgarh (Phase II) have been commissioned for gas supply to NTPC and RSEB. In addition, a number of small pipelines were also commissioned. - GAIL signed a 'Principles of Agreement' with Brown & Root Inc, USA, on March 8, for developing the project of gas import from Myanmar and other countries in the region to the east of India, for bringing gas for markets in eastern and southern regions. - The Company entered into a Memorandum of Understanding with the Ministry of Petroleum and Natural Gas. 1997 - The Company launched the Pilot Project for the supply of piped gas to Domestic and Commercial consumers in the city of Delhi. - The Company has entered into an MOU with the Ministry of Petroleum and Natural Gas. 1998 - The Company has commissioned a study to prepare a precise and crystallised vision statement, integrated with strategic business plan, growth models and annual plan perceiving the changing environment. - The Company was received well by international investors; however, due to the unexpected crash of international stock markets, international offer of the equity was deferred by the Government of India. - The Company signed an agreement with M/s National Security Depository Ltd to facilitate shareholders to trade in the shares of the Company in the dematerialised form. - During the year the gas processing unit (GPU), offsite and utilities of the Petrochemical plant at Pata were commissioned. - The Company has entered into Memorandum of Understanding (MOU) with the Ministry of Petroleum & Natural Gas for the last seven years. - The Company has set up its own Research and Technology Development (R&TD) Group to undertake research and technology development activities for optimal and effective utilisation of natural gas in the country. 1999 - During the year four major projects were commissioned. These are : - UP Petrochemical Complex at Pata - Gas Rehabilitation and Expansion Project (GREP) - LPG plant at Usar - LPG plant at Lakwa - The UP Petrochemical Complex at Pata was commissioned in March. - In the LPG area, the company has successfully commissioned its plants at Usar (Maharashtra) and Lakwa (Assam) with designed capacity of 139,000 tonnes and 85,000 tonnes respectively. - In Delhi, the Company has formed a Joint Venture Company with BPCL named Indraprastha Gas Limited (IGL). - The Company bagged first prize under Indira Gandhi Rajbhasha Shield Scheme for the years 1996-97 and 1997-98 for excellence in the area of implementation of the Official Language Policy. - In the area of Gas Technology, the company has signed a Joint Collaboration Agreement with AMOCO along with Indian Oil Corporation Limited (IOCL) and Indian Institute of Petroleum (IIP) for DME India project. 2000 - The Four production unit of the Company viz., the unit at Vijaipur, Vaghodia, Usar and its petrochemical plant in Uttar Pradesh have won the top safety award from the British Safety Council for the 1999. - Gas Authority of India Ltd (GAIL) has signed an agreement with the Karnataka State Industrial and Infrastructure Development Corporation to study the techno-economic feasibility of setting up a gas pipelin to serve various end-users in Karnataka and Kerala. - The Company will lay a high-capacity fibre-optic cable network alongside the Jamnagar-Loni liquid petroleum gas pipeline. - The Company has proposed to develop a gas network in Rajasthan for facilitating the supply of fuel for industrial and economic development in the state. - Chennai's Tamil Nadu Electricity Board has signed an agreement with Gas Authority of India, for supplying 4.5 lakh standard cubic metre of natural gas per day for the power project at Kuttalam in Nagapattinam district. - The Company has to set up the world's largest network of gas pipelines, covering the whole of Rajasthan. - The Gas Authority of India Ltd and the Tripura Natural Gas Company Ltd. signed an agreement for the supply of increased quantity of natural gas to the domestic sector in Agartala. - Gas Authority of India, the nodal gas pipeline company in the country, is diversifying into the telecom sector and has tied up with Bharti Telesonics, BPL Broadband, Shyam Telecom and Escotel Mobiles for leasing bandwidth capacity. - The company is in talks with the National Iranian Gas Company for a possible joint venture for importing and marketing of 5 million tonnes of LNG from Iran. - The Company has entered into a joint co-operation agreement with Total Gas and Power India and Tata Electric Company for the import of LNG at Trombay. - GAIL signed a $36 million deal with Gazprom of Russia for development and exploration in the north-east coast shallow water offshore in West Bengal. - GAIL and Andhra Pradesh Industrial Infrastrucure Corporation signed an MoU for supplying natural gas to the domestic and commercial consumers through pipeline under the town gas supply scheme. - Gas Authority of India Ltd. has signed an agreement with Hindustan Petroleum Corporation Ltd. for transportation of LPG along the Jamnagar-Loni pipeline. - Chairman and Managing Director of the company Mr. C.R. Prasad, has been conferred "Distinguished services" award by the National Association of Corrosion Engineers International India Section. - Gas Authority of India Ltd. and Power Grid Corporation of India (PowerGrid) have signed a memorandum of understanding for leasing out bandwidth capacity of their combined telecom network to various telecom operators. - GAIL owns and operates over 4000 km of pipeline and has about 95% market share in the Natural Gas business in India. Also, more than half of the total Urea production in India is Gas-based out of which GAIL contributes more than 90%, thus making a significant contribution to India's agriculture sector also. - The Company plans to enter the Telecom Sector as "Carriers-Carrier" through leasing of bandwidth. The Company would be leasing the bandwidth to telecom companies using its optic fibre system available on the HBJ pipeline, the Jamnagar-Loni LPG Pipeline and by adding new optic fibre systems in various sectors. During the year 2000-2001, the company became the first company in the country to obtain the License of Infrastructure Provider - category II for leasing of bandwidth and has already commissioned the link between Delhi and Vijaipur in Madhya Pradesh. 2001 - The Kerala State Industrial Development Corporation will sign a `gas co-operation agreement' with Gas Authority of India Ltd. for the pipeline project from the proposed LNG terminal in Kochi. - - Gas Authority of India Ltd (Gail) has signed its first equity participation agreement for the power sector by picking up 12 per cent equity in the Gujarat State Energy Generation Ltd (GSEG). - Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have signed a `transport service agreement' (TSA) for transportation of LPG through the Vizag-Secundrabad pipeline. - Gas Authority of India Limited (GAIL) has undertaken integrating its gas pipeline network in the country through capacity expansion and by adding new pipelines - Gas Authority of India Ltd (GAIL) has paid a dividend of Rs 227.8 crore to the Government for 2000-01. -The Centre on 29th October ruled out divestment of its stake in Oil and Natural Gas Corporation, Indian Oil Corporation and Gas Authority of India, saying these flagship companies will continue to be under its control in medium to long term. We have made it clear that government will not dilute its control in these three flagship companies in view of national oil security, union minister for petroleum and natural gas Ram Naik told. - The Company also completed the worlds longest and India's first cross country LPG Pipeline. The Company's plant at Gandhar also commenced trial production in March 2001. - The Company proposes to lay a 600 kms pipeline from Vizag to Secunderabad at an estimated cost of Rs 490 crores. 2002 -Mr. Ravi Saxena,Director on the Board of GAIL, passes away -GAIL, ONGC enter alliance for international practices to include both supply end and consumer end contracts -GAIL signs Memorandum of Cooperation with National Iranian Oil Company (NIOC) of Iran -Wins the two top Safety Awards from the OIl Industry Safety Directorate (OISD), for its safety performance during 1999-2000 and 2000-2001 -Acquires 10% stake in gas project owned by Daewoo International -Signs an MOU with Hindustan Petroleum Corporation Ltd. for setting up a JV company for distribution of natural gas/ auto-LPG/ piped gas in the cities of Andhra Pradesh -Signs a Memorandum of Understanding (MoU) to enter into a tie-up to take up the development of a spur line and pipeline network in different towns with Greater Calcutta Gas Supply Corporation Ltd (GCGSL) -GAIL's Agartala city gas feeder pipeline inaugurated -Gail enters into energy co-operation deal with French company Gaz de France (GDF) -Enters into collaboration with Indian Oil Corporation (IOC) for providing co-operation in the field of research and development for sustained energy growth in the nation -Signs agreement with Rajasthan State Power Corporation (RSPC) for the supply of gas for the Rs 876 crore Mathania power plant, near Jodhpur -Starts Delhi-Mumbai Optical Fibre Connectivity -HPCL ties-up with Gail, ONGC to purchase LPG -Discontinues supply of Natural Gas to Kajaria Ceramics Sikandrabad plant -Approves Dahej-Uran Pipeline through Hazira -Agrees to production swap deal with Haldia Petrochemicals Ltd. (HPL) -Ties up with Hindustan Petroleum Corporation Ltd. (HPCL) for auto LPG,CNG distribution -Obtains govt nod to acquire 25-pc stake in Kakinada LNG project 2003 -GAIL, HPL tie up for production-cum-swap marketing deal -Ties up with Energy Infrastructure India Ltd. (EIIL) for transportation of LPG -Shell Gas BV offers 29 pc equity in two firms (Fayum Gas Company (FGC) and Shell Compressed Natural Gas Company (SCNG), located in Egypt ) to Gail -Signs co-operation agreement with Turkey-based Botas Petroleum Pipeline Corporation for joint participation in cross-country pipelines projects, development of gas processing facilities and compressed natural gas (CNG) projects in India, Turkey and third countries -Enters into a product exchange agreement with Haldia Petrochemicals Ltd. (HPL) to strengthen the marketing alliance -Clinches a deal with three fertiliser and power firms (Nagarjuna Fertiliers, Lanco Group's power project in Kondapalli and GVK's Spectrum power project, all in Andhra Pradesh) for selling natural gas from Ravva satellite fields at market price -Embarks on Rs 400 crore expansion -Strikes oil, gas near Ahmedabad in the Cambay basin -Company and the PY-1 Consortium of Mosbacher India LLC (MIL) and Hindustan Oil Exploration Company Ltd. (HOEC) have signed an agreement for gas sales and transportation -Begins laying down Dahej-Uran pipeline -Construction work of the Visakhapatnam-Secunderabad LPG pipeline gets completed before the schedule time -Shell invites Gail to take 24-pc stake in Egypt Offshore block -Union Ministry of Petroleum decides not to privatise GAIL -Shri Badal K Das Additional Secretary & Financial Advisor to Ministery of Petroleum & Natural Gas has been nominated as part time director on the Board of GAIL India Ltd wef September 2, 2003. -Sought government approval to monetise its 2.5 per cent holding in Oil and Natural Gas Corporation (ONGC). -Central government nominated Gail as monpoly builder for cross-country gas pipelines. -Naik unveils gas conservation programme 2004 -The fortunes of ONGC-Videsh (OVL) and Gail (India) Ltd rose today with a major gas find in the Myanmar offshore area. -Gail enters into gas cooperation agreement with UP govt -Gujarat State Petroleum Corporation inks pact with GAIL for regassified LNG -Gail and Uttar Pradesh State Industrial Development Corporation enter into agreement for gas supply -GAIL ties up with Coal India to expand Dankuni gas project -Gail in fray with BPCL over Mgmt matters in Pune Gas Joint Venture -GAIL (India) Ltd has switched over to the e-banking system installed by the State Bank of India for all its major payments. -Govt. comes out with offer for sale of upto 84,565,160 equity shares of Rs 10 each priced at Rs 195 per share -GAIL India Ltd has on April 5, 2004 signed a Development Agreement with Tata Power Company Ltd & BP to jointly participate in evaluating the Dabhol gas and power opportunity. -GAIL ties up with DuPont for sale of pipe coating system -Gail ties up with Sumitomo Chem for mosquito nets production -Gail join hands with Shell to produce Syngas -Gail India Ltd (Gail) has re-affirmed its interest in a slew of projects totalling Rs 10,450 crore in Kerala by signing a gas cooperation agreement (GCA) with Kerala State Industrial Development Corporation (KSIDC) -GAIL inks agreement with prosperous LNG customers in Kerala -GAIL acquires stake in NATGAS of Egypt -GAIL signs pact to undertake feasibility study on national gas grid - GAIL (India) Ltd, in association with Gujarat State Petroleum Corporation (GSPC), strikes oil in the Cambay basin (block CB-ONN-2000/1) in Gujarat. -GAIL India ties up with with Gasunie Engg BV of Netherlands for cooperation in the fields of engineering trading, training, research and development, pilot projects and providing energy solutions to industrial customers -GAIL sets up subsidiary company in Singapore -KMML ties up with GAIL for LNG supply 2005 -GAIL sign pacts with RCF for supply of gas -GAIL ties up with SAIL -NCDEX inks MoU with GAIL for natural gas spot trading -GAIL signs MoU with Spectra International on February 15, 2005 -GAIL signs deals with Bangla, Iranian firms -GAIL signs MoU with SPECTRA International, Bangladesh -GAIL signs MoC with Ergo Exergy Technologies Inc -GAIL inks pact with NPC, Iran -Gail signs MOU with Cosmos of Bangladesh -GAIL inks MoU with BDCL to undertake pipeline projects in Bangladesh - Gail India Ltd and Indian Oil Corporation Ltd (IOC) sign a Joint venture agreement on May 11, 2005 for implementation of city gas projects in Agra and Lucknow. - Company successfully implements innovative "Gas Management System" (GMS), the Web Enabled system which ensures better co-ordination and total transparency for the first time in India. -Gail & BIS launches Development of National Standard & Code of Practice for Natural Gas pipeline systems -GAIL has received the coveted NPMP award in recognition of excellence in Enterprise Category for Dahej-Vijaipur Pipeline Project -GAIL joins hand with Leyland for CNG biz -Gail India & EIL signs MoC for pursuing Natural Gas business overseas 2005 -Gail India ventures into Marketing Crude Oil segment -Gail (India) has sold its first consignment of crude oil to Indian Oil Corporation's Koyali refinery in Gujarat -Gail India & IOCL form Green Gas Ltd -Gail India signs production sharing contract for two NELP V blocks -GAIL signs historic pact for equity participation in A-3 Block, Myanmar -Gail India Ltd has announced GAILTEL, RAILTEL and Power Grid Corporation have inked pact for strategic alliance to face competitive scenario in telecom business -Gail ties up with Belgian firm for LNG technology -Gail join hands with Powergrid, Railtel to create fibre network -Two plants of Gail receives British Safety Council Sword of Honour award -GAIL opens diagnostic centre 2006 -SP Rao appointed as Gail CMD on Aug 27,2006 - Gail India Ltd has announced that Shri. Mohan R Hingnikar, the Company's Director (Human Resources) will take over additional charge as Chairman & Managing Director (CMD) of the Company on November 01, 2006. He succeeds Shri. S P Rao, CMD and Director (Projects) who superannuated from service on October 31, 2006. - Gail India Ltd has informed that Shri. Mohan R Hingnikar, the Company's Director (Human Resources) has taken over additional charge of Chairman & Managing Director on November 01, 2006. He has succeeded Shri. S P Rao, CMD & Director (projects) who superannuated from service on October 31, 2006. Shri. Santosh Kumar has joined as Director (Projects) on November 01, 2006. -Gail India Ltd has announced that the Company has received the Oil Industry Safety Directorate (OISD) Award for its Hazira- Vijaipur - Jagdishpur (HVJ) pipeline for the year 2005-06. 2007 - Gail India Ltd has announced that the Company has launched 'e-tendering' as its e-Governance initiatives in the Company. The e-tendering was launched on February 13, 2007 by the Company's CMD, Dr. U D Choubey in the presence of all functional Directors and senior officials of the Company. -GAIL unveils e-tendering facility. -Gail India Ltd and Reliance Industries Ltd (RIL) signing a Memorandum of Understanding (MoU) for cooperation in gas sector on March 15, 2007 . -Gail India Ltd delists securities from 'The Delhi Stock Exchange Association Limited' (DSE) with effect from March 24, 2007. -Gail India Ltd has appointed Shri. S Sundareshan, Additional Secretary, Ministry of Petroleum & Natural Gas (MoPNG), as Part-time Director (Government Nominee) of the Company, in place of Shri. Anil Razdan, Special Secretary (MoPNG). - Gail (India) Ltd has formed a joint venture with Indian Oil Corporation (IOC) for gas distribution in Kolkata and other towns. -Gail India Ltd has announced that the Company and ONGC on July 24, 2007 signed a Memorandum of Understanding (MoU) for formation of a Joint Venture. - Gail India signs MoU with Transparency International India for Integrity Pact with Contractors. -Gail India Ltd and Reliance Gas Transportation Infrastructure Ltd (RGTIL) have signed an Agreement for Transmission of natural gas from the Krishna Godavari (KG) basin. -GAIL signs Gas Cooperation Agreement with Government of Puducherry 2008 -The Company has issued Bonus Shares in the Ratio of 1:2. -Government awards marketing rights of PMT gas to GAIL as Government of India nominee - The 30" diameter, 576 km long Dahej-Panvel-Dabhol pipeline with a design capacity od 12 MMSCMD commissioned. - Commercial production of oil from Cambay basin blocks CB-ONN-2000/1, having equal participation by GAIL and GSPC commences. - Expansion of Petrochemical Plant at Pata for increasing capacity from 310,000 TPA LLDPE/HDPE to 410,000 TPA completed. - Brahmaputra Cracker and Polymer Limited (BPCL), subsidiary of GAIL with partners as Government of Assam, Oil India Limited for setting up 2,80,000 MT Gas Cracker Project at Lepetkata District Dibrugarh, Assam at an investment of Rs, 5,460 Crores. - MoU with Reliance Industries Limited signed for joint cooperation in petrochemicals. - GAIL forms a Joint Venture Company (JVC) with China Gas Global Energy Holdings Limited. GAIL and China Gas are equal partners in this JV which has been registered in Bermuda. This is the first Joint Venture Company of GAIL abroad. The JVC will pursue opportunities in CNG, City Gas, Pipeline, CBM, LNG and E&P projects. - GAIL signs MoU with ITERA Oil and Gas Company of Russia - GAIL and HPCL signs JV agreement for City Gas projects in Rajasthan - GAIL and Indian Oil ink MoU for JV in City Gas Distribution in West Bengal. - GAIL sets up a subsidiary (GAIL Gas Limited) for City Gas Distribution and City Corridor Business. 2009 - GAIL Gas limited wins the rights for rolling out city gas distribution projects in Meerut, Sonepat, Dewas and Kota. - GAIL signs gas cooperation agreements with Tamil Nadu, Himachal Pradesh, Karnataka and a MoU with IFFCO for setting up of Gas based Power Plant in Barauni. - A special commemorative postage stamp released on the occasion of GAIL's silver jubilee by Her Excellency, Smt. Pratibha Patil, President of India. - GAIL consortium is awarded one onland block in Cauvery during NELP-VII bidding round. - GAIL signs MoU with IOCL for setting up of petrochemical plant at Barauni and laid the foundation stone of the 6th gas cracker furnace at Pata plant. - GAIL establishes natural gas pipeline connectivity to Pune city gas, consumers of Usar region, City Gate stations at Noida, Greater Noida, Gurgaon and Faridabad and East-West pipeline at Oduru (A.P), Mhaskal (Maharashtra) and Ankot (Gujarat). - GAIL establishes LPG pipeline connectivity to Essar Oil Refinery at Jamnagar IOCL bottling plant at Vijaipur and Gandhar and BPCL bottling plant at Jaipur. 2010 - As Gail India granting plans to bring gas pipeline to Uttarakhand, the Government of Uttarakhand has urged the Centre to supply 3 million standard cubic meters per day of gas to the state and said that it was eager to set up a gas-based power plants in a joint partnership with the state-run entity. - GAIL (India) Limited has completed the route survey for its 1400 Km Dabhol - Bengaluru gas pipeline project for supplying natural gas to Karnataka. -The government of Uttarakhand said that it was setting up two gas-based plants of 500 Mw each in association with Gas Authority of India (Gail). - GAIL India Ltd has sought assured supplies of natural gas from Qatar in order to set up a $1.3 billion mega petrochemical plant with Reliance Industries in the gas-rich nation. - GAIL & MIDC form JV to lay gas infrastructure in Maharashtra. - GAIL (India) Limited today started natural gas supply to Maruti Suzuki India Limited at its Manesar plant. - Gail India bags SCOPE Meritorious Award. - MIDC plans 50:50 gas distribution infrastructure JV with GAIL - GAIL India is all set to launch its pipelines in South India. - GAIL (India) and Brahmaputra Cracker and Polymer (BCPL) have signed an agreement for marketing Polymer Products. - GAIL plans Rs 40,000 cr capex by 2014-15 - GAIL looks at importing spot Liquefied Natural Gas in Nov-Dec - GAIL goes full steam on Dabhol - Bangalore Pipeline places pipeline construction orders worth Rs. 677 crore. - GAIL begins construction of Natural Gas pipeline for UP, Uttarakhand. - GAIL (India) Ltd has begun two-stage construction of a total of 182 km of natural gas pipeline in northern India. - GAIL (India) Ltd has entered into a three year agreement with Marubeni, the Japanese trading in order to buy 0.5 million tonnes of liquefied natural gas (LNG) starting in January 2011 - GAIL - An intercity drive to promote clean and lean CNG as a preferred fuel option for vehicles - GAIL expansion plans - sub-sea pipeline from Kochi to Kayamkulam - GAIL - GAIL receives award for Performance Excellence 2011 - GAIL - ONGC and GAIL agreed to reinforce ties in areas of Natural Gas and Petrochemicals - Indian gas transportation firm Gail India ltd has agreed to the Petroleum Ministry's proposal for the pipeline companies to charge lower tariffs than approved rates. - GAIL targets for over 118 MMSCMD Gas Transmission in FY 2011-12 by signing Annual MoU with MoP&NG. -GAIL India Ltd has joined hands with AP Gas Infrastructure Corporation to emerge as a strong piped gas supplier across the state of Andhra Pradesh. - Shri R P N Singh launches Asia's First Integrated Gas Management System at GAIL - GAIL Gas Limited and Vadodara Mahanagar Sewa Sadan set up Joint Venture for City Gas Distribution - GAIL launches Asia's first integrated gas management system. - Gail join hands with Vadodara Mahanagar Sewa Sadan (VMSS) for piped cooking gas distribution. - Mr.S.Jaipal Reddy dedicates GAIL's Chainsa-Sultanpur-Neemrana pipeline to the Nation. - GAIL - GAIL conferred with "Outstanding PSU of the Year" Award - GAIL has got its Board's approval and will be soon setting up its first power plant in the country. The plant will come up at Uran in Maharashtra at an investment of around Rs 800 crore. - GAIL and KSIIDC signed JV agreement to develop Natural gas Infra and City Gas Distribution Network in Karnataka -GAIL plans capex of $2 billion to acquire gas assets in US and Australia -GAIL - Gail and UJVNL join hands to set up Gas based power generation in Uttarakhand. - State-owned gas utility GAIL India announced signing of a Memorandum of Understanding with Uttarakhand Jal Vidyut Nigam Ltd, under which it would be evaluating the possibility of setting up two gas- based combined cycle power plants in Haridwar and Kashipur, Uttarakhand. - GAIL UTKARSH - 12 crack IIT / IIT (EML), 3 qualify for ISRO, 10 qualify for AIEEE and 26 for UPTU - GAIL to increase number for free coaching to 100 students." - GAIL - GAIL gets Award for excellence in Cost Management from ICWAI - Gas Authority of India Ltd (GAIL) is considering plans to acquire 50 per cent stake in Andhra Pradesh Gas Distribution Corporation (APGDC). - GAIL - GAIL Ties up with Carrizo of USA (Acquires Shale Gas Assets in Texas). - GAIL (India) Limited has been formed with the name of "GAIL Global (USA) Inc." - Marking its first shale gas assets acquisition in the US, the state-run gas utility GAIL India said that it has bought 20 per cent stake in Carrizo Oil & Gas Inc’ Eagle Ford Shale for USD 95 million. - GAIL gets approval from West Bengal govt. for proposed JV with Greater Calcutta Gas Supply Corporation(GCGSC). - GAIL - GAIL opens office at Singapore. - Gail invests $1bn for war chest to acquire shale gas assets - Gail planning to buy BG stake in Gujarat Gas Company - GAIL gets rights from Petroleum and Natural Gas Regulatory Board (PNGRB) to lay Surat-Paradip pipeline - Gail acquires stake of Carrizo in Eagle Ford Shale - GAIL - GAIL is world's no. 1 Company in Downstream Operation - GAIL bags $ 100 mn loan from Bank of Tokyo-Mitsubishi UFJ. - GAIL has signed a Sales and Purchase Agreement (SPA) with Sabine Pass Liquefaction, LLC to buy 3.5 million tonnes LNG for next 20 years. - GAIL - GAIL and Cheniere, USA sign 20-year LNG Sale and Purchase Agreement - GAIL - GAIL gets Top ICSI National award for Excellence in Corporate Governance 2012 GAIL India stated that its subsidiary GAIL Gas has signed an agreement to set up an Rs 5,000 crore liquefied natural gas (LNG) import facility around Kakinada or Vishakapatnam in Andhra Pradesh. - To help the fuel-starving power units in Andhra Pradesh, the state run GAIL India is likely to sign a gas deal with Reliance Industries Limited (RIL) to provide 2.5 million standard cubic meters per day domestic gas to the state. - GAIL joins hands with Excelerate Energy to import over 16 cargoes in FY13 - Gas Authority of India Ltd (GAIL) is in search of various proposals for equity stakes and long-term supply contracts focusing on the United States, West Asia and South-east Asia. - GAIL targets for over 85 MMSCMD Gas Marketing and 121 MMSCMD Gas Transmission in FY 2012-13 - Signs Annual MoU with MoP&NG". - GAIL signs agreement with ITPL International Technology Park Ltd for supplying natural gas. - GAIL Gas Limited, through its joint venture APGDC, inks pact with GDF Suez LNG UK for setting up FSRU in Andhra Pradesh. - GAIL India Ltd signed a Gas Sales & Purchase Agreement (GSPA) to import gas from Turkmenistan to be transported through the TAPI pipeline. - GAIL completes joint venture formalities with Vadodara Municipal Corporation (VMC). - GAIL - GAIL and ONGC sign Collaboration Agreements. 2013 - State Govt approves GAIL-Vadodara Municipal Corporation(VMC) Joint Venture for piped gas connections in Vadodara - GAIL India consortium, Deep Energy secure exploration blocks - GAIL India commissions 5 mn tonne LNG terminal at Dabhol -Entered in Solar Power generation by commissioning 5 MW Solar Power Plant under Jawaharlal Nehru National Solar Mission -GAIL C&MD, Shri B C Tripathi, conferred the prestigious `Best LNG Executive Global Award' for 2013 at CWC's 14th World LNG Summit being held at Paris -Dabhol-Bengaluru Pipeline Project awarded as Premier Project in large construction category at Platts Global Energy Awards 2013 -GAIL signs Gas Cooperation Agreement with Government of Bihar -GAIL and Shipping Corporation join hands for LNG Shipping -GAIL picks up Company of the Year awards in the three categories at PetroFed Awards 2012 2014 -Gas supply secured in US for export of 2.3 MMTPA LNG to India from Dominion Cove Point LNG Liquefaction Terminal. -MoU with RCF, CIL & FCIL executed for implementing Coal Gasification project at Talcher comprising of JV-I (coal gasification) and JV-II (Urea & Ammonia, Ammonium Nitrate, captive power plant and integrated utility). -GAIL declared the top Indian company in the `Gas-Processing, Distribution and Marketing' Sector for the Dun & Bradstreet Corporate Awards 2014 -GAIL adjudged `Best Performing Company' (Maharatna category) at the India Today PSU Awards 2014 -APGDC, GDF SUEZ, Shell and GAIL sign MOUs for the floating LNG terminal in Kakinada, Andhra Pradesh -GAIL Gas joins hands with UPSIDC to expand natural gas 2015 -Indian Oil and GAIL (India) Ltd, two Maharatna Public Sector Companies of India, have signed MoU with Dhamra LNG Terminal (DLTPL) -Gail (India) Ltd has signs Heads of Agreement (HoA) with the company for the procurement of natural gas -GAIL signs MoU with SDMC to provide civic services in Bhikaiji Cama Place Services - GAIL Gas Ltd and Rajasthan State Petroleum Corp, has signed an agreement for developing natural gas infrastructure in Rajasthan -Gail (India) Ltd has completed GAIL's Jagdishpur-Haldia Pipeline Project connects Barauni in Bihar -GAIL partners TERI to develop document on climate change 2016 -GAIL (India) Ltd Gas Sale and Purchase Agreement (GSPA) with Petronet LNG Limited -GAIL surges over 5 pct as PNGRB revises KG Basin gas tariff -Gail starts drilling first exploratory well in Cambay basin -GAIL contributes Rs. 10.00 crores towards skill development in Andhra Pradesh -GAIL launched a natural gas awareness campaign in Haridwar 2017 -GAIL launches CGD project implementation in Bhubaneswar and Cuttack. -GAIL has been awarded natural gas pipeline laying work contracts for 131-km in Kerala. -GAIL launches Start-up initiative 'Pankh'. -GAIL commences 100% construction work in Kerala stretch of KKMBPL Project. -GAIL fast tracks implementation of Pradhan Mantri Urja Ganga Project Pipe laying Contracts awarded in Bihar, Jharkhand and West Bengal. 2018 -GAIL commissions Indias second largest rooftop solar plant. -GAIL to extend Urja Ganga gas pipeline to Guwahati. -GAIL strengthens its partnership with Gazprom. -GAIL begins pipeline work in Bengal for fuel supply to Matix. -GAIL (India) Ltd. announces bonus share issue in the ratio of 1:3. 2019 -GAIL inks pact with BHEL to develop solar power project. -GAIL commissions 165 km Gorakhpur pipeline project under PMUG. -GAIL hires LNG ship from Mitsui for ferrying US gas. 2020 -EESL, GAIL India ink MoU for 'trigeneration' projects. 2021 -GAIL (India) Ltd. - Purchase Of NTPC Entire Shares In Konkan LNG Ltd. And Sale Of GAIL Entire Shares. -GAIL (India) receives Moody's Baa3 rating with Stable outlook. -GAIL (India) - NCLT Granted Approval For Acquisition Of IL&FS'S Stake In OTPC By GAIL. 2022 -GAIL Wins Best `Energy Transition - Midstream Company' Award. -Vigilance Commissioner Launches GAIL's E-Vigilance Portal. -GAIL Integrates With UN Cop15 Patronised Global Awareness Campaign On Biodiversity, Environment & Climate Change. -GAIL Acquires 26% Stake In ONGC Tripura Power Company. 2023 -GAIL (India) Limited wins SAP ACE Best Financial Transformation Award 2023 for implementation of Vendor Invoice Management Systems. -GAIL And BPCL Sign Agreement For Supply Of Propane For GAIL's Petrochemical Plant At Usar. -GAIL, LanzaTech Enter Strategic Partnership To Explore Biorecycling Carbon Waste Into Fuels And Chemicals. -GAIL Awarded Two Prestigious Awards In FIPI Oil & Gas Awards 2022. -GAIL Inaugurates State-Of-The-Art Centre For Digitization And Centralization Of Its Payments Process. 2024 -GAIL signs long-term charter contract with K LINE for LNG ship. -GAIL wins SAP ACE Best Financial Transformation Award for the second year in a row. -GAIL signs 10-year agreement with ADNOC Gas for delivery of upto 0.52 MMTPA LNG. -GAIL and AM Green sign MoU for jointly developing renewable energy up to 2.5 GW and green chemical projects. -GAIL (India) Limited launches `Waah Kya Energy Hai' Campaign to Promote Clean and Sustainable Fuel Choices.

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Parent Organisation

GAIL (India) Ltd.

Founded

16/08/1984

Managing Director

Mr.Sandeep Kumar Gupta

NSE Symbol

GAILEQ

FAQ

The current price of GAIL (India) Ltd is ₹ 186.74.

The 52-week high for GAIL (India) Ltd is ₹ 194.67 and the 52-week low is ₹ 184.88.

The market capitalization of GAIL (India) Ltd is currently ₹ 122783.41. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy GAIL (India) Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in GAIL (India) Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase GAIL (India) Ltd shares.

The CEO of GAIL (India) Ltd is Mr.Sandeep Kumar Gupta, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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