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UP State Industrial Development Authority and GAIL sign MoU on Auraiya’s ‘plastic city’ development

April 04, 2021 5:37 am

The MoU, which was signed during a web conference on March 31, “envisages GAIL making available raw materiel to allottees of the area on concessional rates, supply of gas and proving guidance on downstream projects to allottees.

To fund its infra, GAIL split plan put on hold

February 05, 2021 12:39 am

The Centre had earlier indicated that it would split GAIL’s pipeline and marketing businesses to address concerns of other players of having non-discriminatory access to GAIL’s pipeline network.

Explained: Why GAIL is considering a share buyback?

Explained: Why is GAIL mulling a share buyback?

January 19, 2021 10:54 am

The board of directors of GAIL, India's largest gas distributor, is set to consider a buyback of shares. What is a share buyback? How will this benefit the government?

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GAIL to consider share buyback and interim dividend in Jan 15 board meeting

January 12, 2021 12:29 pm

GAIL buyback: In a filing to the stock exchanges, the company said that its board will meet on January 15 to consider share buyback and payment of interim dividend for the financial year ending March 2021.

Unified gas transport tariff: Industry players object proposal, cite higher cost for consumers close to source

August 03, 2020 12:33 am

Industry players have raised objections, citing higher costs for consumers near gas sources, as well as adverse impact on the use of domestically produced gas if the proposal is accepted.

GAIL officials opposing unbundling of marketing, transmission businesses say no response from govt

July 27, 2020 5:24 am

The GAIL Officers Association had, in 2018, written to the PM and the Petroleum Ministry opposing the move.

GAIL to invest Rs 1.05 lakh crore to create infrastructure for gas-based economy

February 24, 2020 3:09 pm

At present, GAIL operates 12,160-km of pipeline network and markets two-thirds of all-natural gas sold in the country. It will add about 7,000 km of pipeline length in the next five years, its new chairman and managing director Manoj Jain said.

GAIL shares settle nearly 6 per cent higher post strong Q3 results, interim dividend announcement

February 11, 2020 4:44 pm

On Monday, GAIL reported 12.94 per cent year-on-year rise in its consolidated net profit at Rs 2,029.51 crore for the quarter ended December 31, 2019. Separately, it also declared an interim dividend of Rs 6.40 per share.

Oil Min moves Cabinet note for splitting GAIL; pipeline business may be sold later

February 04, 2020 5:30 pm

GAIL is India's biggest natural gas marketing and trading firm and owns more than 70 per cent of the country's 16,981-km pipeline network, giving it a stranglehold on the market.

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IOC, GAIL to pay Adani 5 per cent more charge than their own LNG terminal: Dharmendra Pradhan

November 18, 2019 7:31 pm

IOC, which recently commissioned a 5 million tonne liquefied natural gas (LNG) import terminal at Ennore in Tamil Nadu, as well as gas utility GAIL have "both technical and financial capability to develop their own LNG terminal," Pradhan told the Lok Sabha.

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Today in pics: At least 15 killed in blast at GAIL site in Andhra Pradesh

June 27, 2014 4:03 pm

A top official of the state-run Gas Authority of India Ltd, said more than a dozen people died in the fire following the explosion in the pipeline.