Gail India Ltd

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  GAIL Q1 Results: Net Profit Falls 8% To Rs 1,866 Crore, Revenue Down 2.5% QoQ

  GAIL Q1 Results: GAIL India's topline (revenue from operations) in the first quarter of current fiscal dropped 2.5% to Rs 34,768 crore, compared to Rs 35,685 crore in the year-ago period

• Gail Makes Gas Available From Alternate Sources to Gujarat Industries

  State-run gas utility GAIL India Ltd on Sunday said it has made available natural gas from alternate sources to industries in Gujarat whose domestic fuel allocation was snapped to give fuel for the CNG sector.

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  US Nod to Build LNG Plant to Ship Fuel to India

  Ahead of Prime Minister Narendra Modi's meeting with US President Barack Obama, America has approved construction of a liquefied natural gas (LNG) project that will ship the fuel to India.

• Gujarat Industries Accuse GAIL of Taking Arbitrary Action

  Facing shutdown due to a drastic cut in natural gas supplies, over two dozen small industries of South Gujarat have accused state-owned GAIL India Ltd of selectively and arbitrarily taking action that is in contravention of the stated policy.

• GAIL Signs Pact With Japan's Sumitomo Corporation

  State gas utility GAIL India Ltd on Friday said it has signed an agreement with Sumitomo Corp, Japan's third-largest trading house, for cooperation in gas procurement and petrochemicals.

• Petronet LNG Q1 Net Down 30 Per Cent at Rs 156.6 Crore

  Petronet LNG Ltd on Monday reported a 30 per cent drop in net profit for the first first quarter on lower margins and said it has received interest from 17-18 global LNG players for hiring its almost idle Kochi terminal.

• GAIL, Chennai Petroleum Refuse to Comply With KG-D6 Order: Report

  In a setback to the Oil Ministry, gas utility GAIL India Ltd and refiner Chennai Petroleum Corp Ltd (CPCL) have expressed their inability to deduct $115 million from the amount due to Reliance Industries to make up for the additional profit petroleum from the flagging KG-D6 block.

• Cut Gas From Non-priority Areas for Retail Needs: Government to Gail

  The Petroleum Ministry in an order today said it has revised guidelines for allocation/supply of domestic natural gas to city gas distribution (CGD) entities for CNG and piped cooking gas sector.

• GAIL Q4 Profit Zooms 57% to Rs 972 Crore

  GAIL posted a net profit of Rs 972 crore in January-March quarter, up from Rs 618 crore in the same period a year ago, company Chairman and Managing Director B C Tripathi told reporters here.

• GAIL Offers to Sell US Gas for Cheaper Than LNG From Qatar

  GAIL India Ltd is offering gas supplies from the US at $12-13, at least a dollar less than the price at which India currently imports the fuel from Qatar on long-term contracts.

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  Finance Ministry Eyes Rs 8,000 Crore Through CPSE ETF With Issue Likely By Month-End

  The ministry is in the process of rejigging the companies in the ETF and will include four new CPSEs after subtracting three. 

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  ONGC’s Gujarat Petrochemical Project Finds Global Interest

  ONGC is looking to restructure the equity of OPaL and explore options of roping in a foreign partner.

• Billionaire Adani Among 400 Bidders for India City-Gas Licenses

  The government received 400 bids for the 86 areas it offered in the ninth auction for city-gas licenses.

• India Hunting for Shorter LNG Deals With Import Demand Doubling

  India consumes almost 22 million metric tonnes a year of LNG and demand could double within just four to five years.

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  ONGC To Sell Stake In Gujarat Petrochem Project To Fund HPCL Acquisition

  OPaL’s 1.1 million tonne capacity petrochemical plant at Dahej in Gujarat was commissioned last year.