GAIL (India) Limited and the Shipping of Corporation India Limited (SCI) signed a Memorandum of Understanding (MOU) to cooperate for the transportation of LNG sourced by GAIL from USA. The MoU was signed in the presence of Shri B.C. Tripathi, Chairman & Managing Director, GAIL and Shri B.K. Mandal, Chairman & Managing Director and Director [...]
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GAIL (India) Limited has recorded sustained performance in financial parameters for the Financial Year 2012-13. According to the audited figures, Turnover (net of excise duty) in the year 2012-13 increased by 18% to Rs. 47,333 crore from Rs. 40,281 crore in FY 2011-12. The Gross Margin during the year 2012-13 increased by 16% to Rs. [...]
After several media reported that GAIL of India has stopped gas supply to Haryana City Gas Distribution, the company on Thursday denied the reports and revealed in a statement that it has not stopped supply of natural gas to HCGDL and is even currently supplying 0.025 MMSCMD of natural gas (RLNG) to HCGDL. The company [...]
GAIL Limited, India’s largest natural gas company was presented a Certificate of Recognition on being accorded the Maharatna status. The Certificate of Recognition was presented by Shri Pranab Mukherjee, Hon’ble President of India to Shri B. C. Tripathi, Chairman & Managing Director, GAIL (India) Limited. GAIL is one of the seven PSUs to be accorded [...]
GAIL (India) Limited has set a target of marketing 84.05 MMSCMD and transmitting 110.00 MMSCMD of natural gas from domestic sources and through LNG route during FY 2013-14 under the Annual Memorandum of Understanding signed with Ministry of Petroleum & Natural Gas for performance targets. The MoU was signed between Mr. Vivek Rae, Secretary, Ministry [...]
GAIL of India said in a statement that the gas supply to the city of Bengaluru has commenced. The ‘gas-in’ for Bengaluru city from the Dabhol-Bengaluru pipeline constructed by GAIL was done by Dr. M Veerappa Moily, Minister for Petroleum and Natural Gas. A Gas Transmission Agreement was also signed between GAIL and Karnataka Power [...]
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 12,474 crore in the third quarter of FY 2012-13 as against Rs.11,260 Crore, a 11 percent increase over the turnover in the corresponding period during the last financial year. GAIL’s Net Profit for the third quarter of the FY 2012-13 increased by 18 [...]
EDF Trading and GAIL today announced the signing of a Memorandum of Understanding (MOU) to jointly acquire and develop upstream oil and gas assets in North America and to partner in trading and optimization of US gas and LNG. The MOU was signed on Saturday 2nd February 2013 in the presence of Dr. M Veerappa [...]
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GAIL (India) Limited, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas and India’s largest natural gas company, was accorded the Maharatna status by the Government of India. Dr. M. Veerappa Moily, Minister for Petroleum and Natural Gas felicitated the GAIL team on achieving this recognition. Speaking on the occasion, the Minister [...]
GAIL of India plans to enter liquefied natural gas (LNG) shipping segment, primarily to bring in LNG from the planned Sabine Pass LNG export terminal in the US and from the Shtokman project in the Arctic Region, local media reported, citing the company’s CEO B.C. Tripathi as saying. “We are planning to make a foray [...]
