GAIL Q1FY25: Net profit rises 78% to Rs 3,183 cr
Mumbai: State-run GAIL reported a consolidated net profit of Rs 3,183 crore for the quarter ending June 2024, up 78% from the Rs 1,793 crore recorded in the same quarter the previous year, media reports said.
GAIL installs Green Hydrogen Plant in Madhya Pradesh
Marking a major step towards foraying into new and alternate energy and in line with the National Green Hydrogen Mission, GAIL (India) Limited has installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh.
GAIL and TruAlt Bioenergy announce $72 million investment through Compressed Bio Gas JV
Delhi/Bengaluru: The government-owned natural gas company GAIL (India) Ltd and the leading ethanol producer in India, TruAlt Bioenergy Ltd, have agreed to GAIL investing in TruAlt's joint venture, Leafinti Bioenergy Ltd.
ONGC to inject Rs 15,000 cr in OPaL
New Delhi: Oil and Natural Gas Corporation (ONGC) will inject about Rs 15,000 crore in OPaL as part of a financial restructuring exercise.
Gail to acquire debt-ridden JBF Petrochemicals as lenders approve transaction
New Delhi: India's leading gas trading, transmission, and petrochemicals company Gail Ltd has received the letter of intent from lenders, paving the way for the public sector firm to acquire the debt-ridden JBF Petrochemicals through the insolvency route, media reports said.
GAIL starts India’s maiden project of blending hydrogen into CGD network
New Delhi/IBNS: State-run natural gas processor and distributor Gas Authority of India Limited (GAIL) has commenced India’s first-ever project of mixing hydrogen into the natural gas system at Madhya Pradesh's Indore, Ministry of Petroleum & Natural Gas said Tuesday.
CBI arrests GAIL director in corruption case
New Delhi/IBNS: The Central Bureau of Investigation (CBI) has arrested E S Ranganathan Director (Marketing) GAIL and others, including private persons, private companies and some other unknown people in connection with a corruption case.
GAIL hands over 7 tippers, 142 tri-cycles to MCC
Chandigarh/UNI:) Supporting the ‘Swachh Bharat Abhiyaan’ campaign in the city, GAIL (India) Limited on Wednesday handed over seven tippers (dumpers) and 142 tri-cycle carts to the Municipal Corporation Chandigarh.
GAIL registers PAT of Rs 1,064 cr in Q2 FY20
New Delhi/UNI: GAIL (India) Limited registered a Profit after Tax (PAT) of Rs 1,064 crore in Q2 FY20 as against Rs 1,288 crore in the Q1 FY20.
GAIL fast tracks North East feeder gas pipeline project
New Delhi, Nov 8 (IBNS): GAIL (India) Limited Monday announced award of contract for the purchase of 616 km of line pipe worth Rs. 1,100 crore for the Barauni -Guwahati pipeline, putting on fast track project execution of the crucial 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network.
Essar signs GSPA with GAIL for offtake of entire production from Raniganj East CBM block
Delhi/Mumbai, Aug 9 (IBNS): Essar Oil and Gas Exploration & Production Ltd (EOGEPL) on Thursday announced that it has signed a Gas Sale and Purchase Agreement (GSPA) with GAIL (Gas Authority of India Limited).
GAIL Gas partners with Uber to catalyse CNG ecosystem in India
Kolkata, June 20 (IBNS): In a major fillip to the development of clean fuel ecosystem in India, GAIL Gas Limited, a wholly owned subsidiary of GAIL (India) Limited, the pioneers of City Gas Distribution in India and app-based taxi service Uber, have entered into a strategic partnership to promote the usage of CNG (Compressed Natural Gas) across various cities in India.
India receives first consignment of LNG from Russia and renegotiated contracts
New Delhi/Dahej, Jun 5 (IBNS): India, said to be the world's fourth-largest buyer of liquefied natural gas (LNG), received its first consignment of LNG of an estimated $25 billion contract from Russia, according to media reports on Tuesday.
Essar Oilfields awarded drilling contract by GAIL
Mumbai, Feb 22 (IBNS): Essar Oilfields Services India Limited (EOSIL) on Wednesday announced that it has been awarded a Rs 28-crore contract by Gas Authority of India Limited (GAIL) to drill three firm plus two optional wells in Gujarat’s Cambay basin.
GAIL Board approves issuance of bonus shares
New Delhi, Jan 27 (IBNS): GAIL (India) Limited on Friday said it has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholders approval.