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companies name

Gail (India) Limited (GAIL)

Gail (India) Limited (GAIL), formerly known as Gas Authority of India, is a Maharatna PSU under the administrative control of the Ministry of Petroleum & Natural Gas (MoPNG), Government of India. GAIL is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi.  It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013, by the Government of India.[3] Only eight other Public Sector Enterprises (PSEs) enjoy this coveted status amongst all central CPSEs. GAIL was listed in the 131st position among India's most trusted brands according to the Brand Trust Report 2014, a study conducted by the Trust Research Advisory.

GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). The company was formerly known as Gas Authority of India Limited. It is India's principal gas transmission and marketing company. The company was initially given the responsibility of construction, operation and maintenance of the Hazira – Vijaypur – Jagdishpur (HVJ) pipeline project. It was one of the largest cross-country natural gas pipeline projects in the world. This 1750-kilometre-long pipeline was built at a cost of ?17 billion (US$240 million) and it laid the foundation for the development of the market for natural gas in India. 

Gail (India) Limited (GAIL) News

MV Iyer assumes charge as Director (Business Development), GAIL

MV Iyer has 33 years of rich and diverse experience in GAIL in projects execution amounting to Rs 40,000 crores, including current projects worth Rs 25,000 crores spanning 16 states, 150 districts and City Gas Distribution (CGD) projects in six cities ....

Disinvestment: GAIL to follow suit, announce share buyback soon

In order to shore up the government’s disinvestment proceeds, GAIL (India) Limited is soon going to announce a share buyback, said sources ....

Govt releases new policy, mandates oil & gas PSUs to ensure 50-20% local content in procurement

The government has mandated oil and gas PSUs to ensure 50-20 percent local content (LC) in the procurements made by them ....

Q2FY21: GAIL registered PAT of Rs 1,239 crore in second quarter of FY21

Both the physical as well as financial performances of the company have improved across all major segments in the second quarter compared to the first quarter of the current financial year ....

LNG is fuel of the future, time to tell people about this: Dharmendra Pradhan

Union Minister Dharmendra Pradhan has termed LNG as the fuel of the future and has called upon various stakeholders to create an awareness campaign for benefits of LNG. He was speaking at a webinar on 'LNG as a Transport Fuel' ....

GAIL looking to engage transaction adviser for evaluating acquisitions in RE sector

In a bid to grow its renewable energy (RE) portfolio, state-run Gas Authority of India Ltd (GAIL) is preparing to scan the sector for possible mergers and acquisitions ....

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest ....

GAIL provides 18 CNG vehicles to Bengaluru Municipality for waste collection

GAIL (India) Limited has handed over 18 four-wheel CNG “Dry Waste Collection Vehicles” to Bengaluru Municipality for waste collection ....

Data shows oil PSUs have spent only 25% of FY21 capex until August

Most state-run oil PSUs have spent nearly 25 percent of their capex for FY21 in the period between April and August, government data shows ....

GAIL maintains uninterrupted supplies despite fire incident at ONGC Hazira plant

Despite a massive fire breakout at ONGC’s Hazira Gas Processing Plant, GAIL (India) maintained uninterrupted CNG and D-PNG supplies ....

GAIL wins Leaders Award at the Frost & Sullivan and TERI’s Sustainability 4.0 Awards 2020

The Frost & Sullivan and TERI Award Assessment is an in-depth and comprehensive assessment based on a well-defined framework covering all critical areas of sustainability ....

Indian Oil, HPCL, BPCL see revenue decline by 40% in April-June

A stagnant economy during the COVID-19 lockdown & the historical drop in crude oil prices dented the revenues of IOC, BPCL, HPCL by around 40% year-on-year ....

PM Modi inaugurates LPG bottling plants in Bihar and LPG pipeline connecting Durgapur to Banka

Speaking on the occasion Prime Minister Narendra Modi said that the PM package given for Bihar included 10 major projects related to petroleum & gas and about Rs 21,000 crore was to be spent on these projects ....

Govt sets ball rolling on asset monetisation; these PSUs are on the list: Sources

If word from the corridors is to be believed, the government seems to have set the ball rolling on asset monetisation in the PSU sector ....

Govt to launch 11th bid round for city gas licensing very soon: Pradhan

The Centre is planning to launch the 11th bid round of city gas licensing very soon, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said ....

ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan

Pradhan said that ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund ....

MV Iyer set to be Director (Business Development) of GAIL

MV Iyer, who is currently serving as Executive Director, has been recommended for the post of Director (Business Development) of GAIL (India) Limited ....

GAIL records 80% drop in PAT in Q1 FY2020-21 at Rs 256 crore

GAIL (India) Limited has posted a decline of 80 percent in Profit after Tax (PAT) for Q1 of FY2020-21 as the figure settled at Rs 256 crore ....

Here is the list of PSUs' CVOs, who get tenure extension on their post

The government has extended the services of these officers working as Chief Vigilance Officers (CVOs) in public sector undertakings (PSUs) ....

Have a compressed bio-gas start-up? Get it funding from GAIL under 'Pankh'

Under the new initiative Pankh, GAIL (India) Limited is planning to invest in start-ups operating in the area of compressed bio-gas (CGB), the solicitation round will remain open till July 24 ....

ES Ranganathan assumes charge as Director (Marketing) of GAIL

ES Ranganathan, who was serving as Executive Director (Marketing) of GAIL (India) Limited, has assumed charge as Director (Marketing) of the Maharatna PSU on Wednesday ....

MV Ravi Someswarudu takes over as CEO of GAIL Gas Limited

MV Ravi Someswarudu, who was serving as Executive Director and Officer-In-Charge of the Petrochemical Project at GAIL (Pata), has taken over as CEO of GAIL Gas Limited ....

GAIL plans capex of Rs 6,100 cr for FY21, will spend most of it on pipeline projects

GAIL CMD Manoj Jain said that the company has planned a capex of Rs 6,100 crore in the current FY 2020-21 ....

GAIL records 215% rise in PAT at Rs 4,813.88 cr in Q4 FY2019-20

GAIL (India) Limited recorded a 215.92 percent rise in consolidated profit at Rs 4,813.88 crore for Q4 of FY2019-20 ....

ES Ranganathan is new Director (Marketing) of GAIL

The Appointments Committee of the Cabinet (ACC) has approved the appointment of ES Ranganathan as Director (Marketing) of GAIL (India) Limited on Friday ....

AK Jana takes over as Managing Director of IGL

AK Jana, who was serving as Chief Executive Officer (CEO) of Gail Gas Limited, has been appointed as Managing Director of Indraprastha Gas Limited (IGL) ....

GAIL's CMD Manoj Jain gets additional charge of Director (Projects)

Manoj Jain, who is currently serving as Chairman & Managing Director (CMD) of GAIL (India) Limited, has been given additional charge of Director (Projects) of the company for a period of three months with effect from May 22, to August 21, or until further orders ....

GAIL is looking for Director (Projects); apply before August 3

GAIL (India) Limited has invited job applications for the post of Director (Projects), eligible candidates can apply online before August 8 ....

EESL & GAIL sign an MoU for trigeneration projects

Trigeneration is a process by which some of the heat produced by a cogeneration plant is used to generate chilled water for air conditioning or refrigeration ....

IGL's MD ES Ranganathan gets tenure extension

Indraprastha Gas Limited's (IGL) Managing Director S Ranganathan has given tenure extension on his post till June 15 ....

Pradhan makes GAIL pipeline & marketing business unbundling plan official

Dharmendra Pradhan has said that the plan to split the pipeline and the marketing arms of GAIL (India) Limited is something that the Centre is pursuing seriously ....

Days before superannuation, GAIL’s Ashutosh Karnatak joins APTEL as Member

Ashutosh Karnatak, Director (Projects), GAIL, has resigned from his post at the PSU and has joined APTEL as Member ....

GAIL's CMD Manoj Jain gets additional charge of Mahanagar Gas Ltd

Gail (India) Limited’s Chairman & Managing Director (CMD) Manoj Jain has been assigned additional charge of Chairman of Mahanagar Gas Limited ....

GAIL executives return to work; pipeline project resumed

Executives at state-run GAIL (India) Limited resumed work on April 20 as part of a staggered revival of operations ....

Esha Srivastava appointed as Govt. Nominee Director of GAIL

Esha Srivastava, who is currently serving as Director (IC) in the Ministry of Petroleum & Natural Gas, has been appointed as Govt Nominee Director of GAIL ....

IGL's MD ES Ranganathan set to be Director (Marketing) of GAIL

ES Ranganathan, who is currently serving as Managing Director of IGL, has been recommended for the post of Director (Marketing) at GAIL ....

SC has detached PSUs from AGR dues case: Govt

Bringing major relief, the SC has exempted PSUs like GAIL, Oil India, PowerGrid from paying the AGR sought by the DoT ....

GAIL is looking for Director (BD); apply before May 27

GAIL (India) Limited has invited job applications for the post of Director (Business Development). Eligible candidates can apply for the job before May 27 ....

GAIL is looking to hire Director (HR); apply before May 12

GAIL (India) Limited has invited job applications for the post of Director (HR). Eligible candidates can apply for the job before May 12 ....

Former GAIL CMD BC Tripathi joins Essar

Former CMD of GAIL BC Tripathi has joined Essar Group as Non-Executive Chairman of EEPLM and as a member on the board of Essar Oil UK ....

GAIL organises a road show on compressed bio gas

GAIL (India) Limited organised a CBG Road Show at Ranchi for promoting compressed bio-gas (CBG) amongst potential entrepreneurs and other stakeholders in the CBG value chain ....

Manoj Jain assumes charge as CMD of GAIL (India) Ltd

Manoj Jain, who was recommended by the PESB panel, has assumed charge as CMD of GAIL (India) Limited on Friday ....

GAIL records 25% decline in net profit year-on-year in Q3

GAIL has recorded a 25 percent drop year-on-year in net profit for Q3 of financial year 2019-20 at Rs 1,250 crore ....

2,000 fuel stations on Delhi-Mumbai Expressway, priority to LNG: Gadkari

The govt plans to allot land for 2,000 fueling stations on Delhi-Mumbai expressway and priority will be given to LNG stations, says Gadkari ....

GAIL organises Industry Meet on Digital Transformation

GAIL (India) Limited organised an 'Industry Meet' on Digital Transformation to share knowledge and experience of peer oil and gas organisations in digitalisation ....

After OIL, GAIL moves SC against DoT’s AGR dues

A day after OIL approached the SC, GAIL has moved the apex court, seeking a clarification on the October 24, 2019 judgment on AGR dues ....

GAIL invites proposals to fund start-ups working in RE sector

In a bid to encourage start-ups, GAIL (India) Limited has opened its 4th round of applications for Solicitation of Investment Proposals from start-ups ....

Rajiv Bansal appointed as part-time Director on GAIL board

The govt has appointed Rajiv Bansal, Additional Secretary in Petroleum Ministry, as Nominee Director on the board of GAIL (India) Limited ....

GAIL gets 1st prize for Energy conservation

Pata Petrochemical Complex of GAIL (India) Limited awarded first prize for Energy conservation in Petrochemical Sector ....

Unbundling at GAIL will be detrimental for the PSU and the gas sector. Here’s why

Former Chairman and Managing Director (CMD) BC Tripathi has warned that unbundling at GAIL will be detrimental to the sector ....

GAIL wins 'Project Management Company of the Year' award

GAIL (India) Limited awarded as the 'Project Management Company of the Year' 2019 by Union Minister for Petroleum & Natural Gas and Steel ....

For natural gas, India depends more on imports than on domestic output

India imported approximately 19,031 MMSCM of LNG and produced around 18,646 MMSCM of natural gas in the period between April and October ....

Renu Sharma set to take additional charge as IGL Director

Renu Sharma, who is currently serving as Chief Secretary (Transport) in NCT of Delhi, has been given additional charge of Director at IGL ....

GAIL offers helping hand to Chandigarh Municipal Corporation

GAIL provided support of Rs 1.13 crore for the seven tippers (dumpers) while the financial support for the 142 tricycles was Rs 35 lakhs ....

GAIL net profit drops by 17% in Q2 FY2019-20 q-o-q

GAIL (India) Limited has posted a 17.39 percent decline in Profit after Tax (PAT) at Rs 1,064 crores in Q2 FY20 as against Rs 1,288 crores in the Q1 FY20 ....

Jamshedpur gets its first supply of PNG, courtesy GAIL

Jharkhand's Jamshedpur got its first supply of PNG as CM Raghubar Das, along with Union Minister Dharmendra Pradhan, inaugurated the pipeline ....

Manoj Jain set to be new CMD of GAIL (India) Limited

Manoj Jain, who is currently serving as Director (Business Development), has been recommended for the post of CMD of GAIL (India) Limited ....

Khadi coupons worth Rs 2500 for GAIL employees this Diwali

KVIC (Khadi and Village Industries Commission) has got an order worth Rs. 5.88 crore from GAIL of Khadi gift coupons for its 23,504 employees ....

India’s natural gas production misses target by 7% in August

India’s natural gas production in August stood at 2688.23 MMSCM, which is 7.18 percent lower than the monthly target ....

GAIL is looking to hire Executive Trainees through GATE

GAIL has invited applications for the post of executive trainees in Chemical and Instrumentation engineering through GATE ....

Chinese firm gets key contract for revival of Talcher Fertilizers

Talcher Fertilizers has awarded a contract that is being hailed as a milestone in the revival of Talcher unit of FCIL to a Chinese company ....

GAIL posts net profit of Rs 1,288 cr in Q1 FY20

GAIL registered a 15 percent increase in Profit after Tax (PAT) in Q1 FY20, as against the last quarter of FY 2018-19 ....

Dr Ashutosh Karnatak is the new CMD, GAIL

Dr Ashutosh Karnatak assumed charge as CMD of GAIL (India) Limited on 1st August 2019. Dr. Karnatak carries a rich experience of over 37 years in the hydrocarbon sector and is also concurrently serving as Director (Projects) since March, 2014 ....

On CBI FIR, Rolls Royce said 'committed to high ethical standards'

London based super luxury carmaker and engine manufacturer has said that it will “not tolerate business misconduct of any sort”, adding that Rolls Royce is “committed to maintaining high ethical standards” ....

Govt mulling new rules that will change the face of city gas distribution

The PNGRB is now thinking of opening up the gas distribution sector to new businesses in order to bring in competition ....

Is GAIL going under the knife?

Sources said that the pipeline business could be spun off into a separate entity, where the government may divest a majority stake to a strategic investor ....

GAIL’s CMD flags off ‘Hawa Badle Hum’ campaign

A squad of specially designed auto rickshaws fitted with live pollution meters will ply on the roads of Delhi NCR under this initiative ....

GAIL looking to hire Director (Projects). Apply before Sept 11

The applicant should be an engineering graduate with good academic record from a recognised University/ Institute ....

PNGRB lowers tariff for KG Basin pipeline network by 64%

The tariff finalised by the PNGRB is not just lower than the previous tariff, but is also 66 percent lower than what GAIL had proposed ....

Maharatnas and Navratnas are embroiled in disputes worth Rs 17,000 cr

The disputes mostly pertain to levy of service tax, goods and services tax (GST), income tax, or entry tax imposed by states ....

Govt wants to make the PSU sector leaner. So, what exactly is it planning to do?

According to sources, the government has been planning to bifurcate GAIL’s transportation and marketing arms and merge three power generation companies ....

In FY19, GAIL posts highest-ever profit in 3 decades

GAIL (India) Limited recorded its highest ever profit after tax (PAT) of Rs 6,026 crore for financial year 2018-19 in over three decades ....

These chosen 100 students in Kanpur have cleared JEE Mains, thanks to this PSU

While the Kanpur chapter has been successful in transforming the lives of talented students, this is the first time that it has achieved a success rate of 100% ....

GAIL looking for a new CMD. Apply before July 18

Currently, Bhuwan Chandra Tripathi is serving as the CMD of the PSU. He is serving his second term after getting an extension last time ....

GAIL is in news for Pradhan Mantri Urja Ganga project, click to know

Towards the construction of Jagdishpur-Haldia & Bokaro-Dhamra Pipeline project, GAIL has completed contract awards worth Rs 10,500 crore for pipe supply and laying for the integrated 3,400 km. long project ....

GAIL frontrunner in race to but IL&FS’ energy assets

Even though IL&FS has received EoI from 22 investors to buy the renewable energy assets, the response in terms of binding bids has been poor ....

Do you have startups? These PSUs are looking for you

The platform created by the 10 oil and gas PSUs will identify and reward startups that have the most innovative solutions to problems faced in a variety of sectors, including oil and gas ....

Rakesh Kumar, CMD, NLC India elected as Chairman of SCOPE

Rakesh Kumar, CMD, NLC India Ltd has been elected as SCOPE Charman while Kishor Rungta, CMD, FACT has been chosen Vice Chairman ....

Centre picks GAIL to buy Vedanta’s Barmer gas output

Barmer block’s production sharing contract provides pricing freedom to the producer but does not offer marketing freedom  ....

Rs 9,000 crore gas-grid project announced for northeast

The North East Gas-grid is a joint venture between five oil and natural gas companies, which are IOC, OIL, GAIL, Numaligarh Refinery Limited NRL and ONGC  ....

Coal India, GAIL to set up JV for coal bed methane projects

Coal India, producing over four-fifths of India’s coal output, is set to generate the gas while the gas distribution company will likely market it through its network  ....

GAIL readies new LNG terminal in Bhubaneswar

The gas distribution company’s innovative model may possibly get replicated by other local gas distributors keen to start off supply in new licence areas where gas pipelines have not reached ....

Natural Gas Grid: 16,800 km done, 14,200-km gas pipelines on the anvil

Close to 16,788 km of gas pipelines is operational, with PNGRB authorising these pipelines, which are at various stages of execution ....

GAIL scraps pipe-laying contract with debt-ridden IL&FS

GAIL offloaded the pipe-laying contract from IL&FS due to poor project progress on account of acute financial crisis ....

GAIL posts 33% jump in profits on year-on-year basis in Q3

GAIL’s Profit before Tax (PBT) for the third quarter increased by 35 percent to Rs 2,507 crore against Rs 1,858 crore in the corresponding quarter of the last fiscal ....

GAIL’s transportation tariff proposal faces strong stakeholder opposition

Stakeholders have opposed the transportation tariff submitted by GAIL due to the uncertainty of economic life extension, volume divisor, Capex outgo and the number of working days ....

GAIL is considering scrapping Rs 270-cr contract with debt-ridden IL&FS

The termination of the deals could prove to be a setback for the project aimed at taking natural gas to much of eastern India ....

Gail chief Bhuwan Chandra Tripathi's tenure likely to be extended

Bhuwan Chandra Tripathi's term as chairman at gas utility GAIL is likely to be extended after his second spell ends in July, sources say ....

PM lays foundation stone for Phase I of Pradhan Mantri Urja Ganga project

This section of the pipeline is going to provide natural gas to households, vehicles and industries in 11 districts of Odisha and Jharkhand ....

GAIL gets a new Director of Finance

Before taking over the position, Tiwari was the Officer on Special Duty & Executive Director (Finance) in GAIL and was head of Finance and Accounts Department ....

Fourth tranche of CPSE ETF opens this week. Here’s what you should know before investing

A circular said that the subscription will commence from Wednesday, November 28, till Friday November 30, on BiMF ....

GAIL might take over wind energy assets from debt-ridden IL&FS: Sources

Sources said that GAIL would not consider buying the entire wind energy assets of IL&FS unless offered at a steep discount ....

Fireworks in GAIL Q2 report, profit jumps 50%

Profits stood at Rs 1,963 crore for the second quarter of the current fiscal, compared with Rs 1,310 crore a year earlier ....

Now a gas trading exchange meant for domestic gas market

The gas trading exchange is expected to be rolled out by the year-end and will help discover the market price for gas locally, while rendering the current gas price formula and ceiling redundant ....

Govt sucked Rs 82 crores out of PSUs to publicise its own schemes, reveals RTI

Between 550-575 events, each costing about Rs 10-15 lakhs, were organised under the banner of 'Sabka Saath, Sabka Vikas Sammelan' in 2017 which were coordinated by PSUs ....

PSUs look to invest in more oil and gas projects in Russia

PSUs have already pumped in $15 billion in Russia, which is India’s largest investment destination in the oil and gas sector ....

New PSUs will replace GAIL, EIL, CONCOR in the ETF basket

GAIL, EIL and CONCOR are set to be replaced with three other PSUs in the CPSEs Exchange Traded Fund (ETF) because the government’s holding in these companies has fallen below 55 percent ....