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GAIL to set up green hydrogen plant at Guna in MP
May 13, 2022

GAIL to set up green hydrogen plant at Guna in MP

State-owned GAIL (India) Ltd will build one of India's largest proton exchange membrane (PEM) electrolyzer at Guna in Madhya Pradesh to produce green hydrogen by the end of 2023, as it looks to supplement ‎its natural gas business with carbon-free fuel. In a statement, India's largest gas transporting and marketing firm said it has awarded the contract to set up the PEM-based project that will produce 4.3 tonnes of green hydrogen per day (about 10 MW capacity), which will be mixed in natural gas for supply to industries.

GAIL may bid for domestic gas for raising supplies to city gas units
April 21, 2022

GAIL may bid for domestic gas for raising supplies to city gas units

According to sources, the decision is aimed to tackle the shortage of administered gas provided to CGD companies under priority sector allocation and will help to bring down the prices of auto (CNG) and cooking fuels (PNG).

Top Oil & Gas Stocks To Watch Now As Suggested By Emkay Global
April 12, 2022
Source: Good Returns

Top Oil & Gas Stocks To Watch Now As Suggested By Emkay Global

The brokerage firm Emkay Global Financial Services Ltd has picked up stocks from the oil and gas space with ONGC, Oil India, GAIL, Indian Oil, BPCL, HPCL, Gujarat State Petronet, Petronet LNG, and Gulf Oil Lubricants as its top picks to buy.

GAIL bets on US gas for arbitrage as prices spike
Feb. 10, 2022

GAIL bets on US gas for arbitrage as prices spike

NEW DELHI: State-run GAIL is playing smart by advancing LNG (liquefied natural gas) shipments from the US, using the flexibility in its contract to make a killing from arbitrage created by runaway demand and skyrocketing prices in Europe.

Govt gets Rs 914 crore from GAIL as dividend tranche
Feb. 9, 2022
Source: Energy World

Govt gets Rs 914 crore from GAIL as dividend tranche

With this, the total dividend receipts of the government from CPSEs stand at Rs 41,240 crore. New Delhi: The government has received 914 crore from state-owned GAIL as a dividend tranche,

Gail director arrested by CBI in bribery case
Jan. 17, 2022
Source: Energy World

Gail director arrested by CBI in bribery case

The CBI has arrested E S Ranganathan, Director (Marketing) of GAIL, in a case of alleged bribery of over Rs 50 lakh for giving discounts to private companies buying petro chemical products marketed by the Maharatna PSU, officials said sunday.

GAIL buys IL&FS Group’s 26% stake in ONGC Tripura Power
Jan. 5, 2022

GAIL buys IL&FS Group’s 26% stake in ONGC Tripura Power

GAIL (India) has bought the 26% stake in ONGC Tripura Power Company (OTPC) held by IL&FS Energy Development Company Ltd (IEDCL) and IL&FS Financial Services. ONGC Tripura Power Company is a 726.6 MW gas-based combined cycle power plant in Paltana, Tripura and is owned and operated by ONGC. Earlier on November 4, 2021, the National Company Law Tribunal (NCLT) had approved the acquisition of IL&FS’s 26% stake in OTPC by GAIL. The sale is part of bankrupt IL&FS Group’s monetisation plan. Before this in 2019, IL&FS had sold its 51% stake in seven operating wind power assets totalling 874 MW to Orix Corporation for Rs 806 crore.

Big news for ONGC, GAIL, Oil India! Government likely to increase gas prices by up to 70% from October- Know what Anil Singhvi says
Sept. 10, 2021
Source: Zee Business

Big news for ONGC, GAIL, Oil India! Government likely to increase gas prices by up to 70% from October- Know what Anil Singhvi says

Gas prices may be hiked substantially soon. In yet another Zee Business EXCLUSIVE, Chetan Bhutani, while speaking to Managing Editor Anil Singhvi, broke this big news on gas prices on Thursday. The central government is likely to increase the gas prices by up to 70 percent from October 2021, Chetan said, adding that the news will be a game changer for oil and gas sector. He informed that the current APM gas price is USD 1.79 per mmBTU.

Oil sector PSUs to set up InvITs for asset monetisation
March 24, 2021
Source: Energyworld

Oil sector PSUs to set up InvITs for asset monetisation

After power, the country's oil sector PSUs would now float an infrastructure investment trust (InvIT) as part of the asset monetisation exercise announced by the government and mobilise resources for fresh capital investment.As part of the exercise, gas transportation utility Gail India is expected to set up the gust InvIT in the oil sector in the next financial year.

NTPC inks pact to buy GAIL's 25.51 per cent stake in RGPPL
Feb. 25, 2021
Source: Energyworld

NTPC inks pact to buy GAIL's 25.51 per cent stake in RGPPL

State owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL 25.51 per cent stake in Ratnagiri Gas and Power Pvt Ltd. After that NTPC would have 86.49 percent stake in RGPPL. The transfer of shares, NTPC will exit KLL, and NTPC shareholding stand at 86.49 percent. RGPPL own a integrated Power generation and re-gasified LNG facility.

GAIL to devote Rs 45,000 cr for expansion of pipelines, city gas network
Aug. 21, 2019

GAIL to devote Rs 45,000 cr for expansion of pipelines, city gas network

India’s state-run midstream giant, GAIL’s Chairman, yesterday, informed about plans of spending Rs 45,000 crores to expand the National Gas Grid and city gas distribution network. The investment will span over the next 5 years. While Rs 32,000 crore would go into pipeline laying, Rs 12,000 crore will be spent on CGD networks for the retailing of CNG to automobiles and PNG to household kitchens.

GAIL hires LNG ship from Mitsui
July 24, 2019

GAIL hires LNG ship from Mitsui

India's state-owned GAIL in its recent report has announced about hiring a newly-built LNG ship from Japan's Mitsui OSK Lines. The ship will be used for transporting gas from nations like the US. GAIL is planning to charter hire additional vessels. The company has also informed about its recent long-term LNG contract with USA and Russia.

Assam Gas Company, OIL and GAIL to set up new joint venture
July 12, 2019

Assam Gas Company, OIL and GAIL to set up new joint venture

Assam Gas Company Ltd (AGCL), Oil India Limited (OIL) and GAIL Gas Ltd inked an agreement to setup a joint venture. The JV will work towards the execution of the City Gas Distribution (CGD) Networks, apart from supplying Piped Natural Gas (PNG) and CNG. While the PNG will be supplied to the domestic, commercial and industrial customers, CNG will be provided to the vehicles in different districts of Assam.

GAIL approaches NCLT for claim against Videocon
May 30, 2019

GAIL approaches NCLT for claim against Videocon

GAIL has approached National Company Law Tribunal (NCLT) after Videocon’s resolution professional rejected its ₹390 crore claim in the insolvency resolution process. The Mumbai bench of NCLT has asked Videocon’s resolution professional to reply by June 10, and GAIL to file its rejoinder by June 17. The Videocon Group owes more than ₹85,000 crore to lenders.

GAIL and Exxon sign the initial agreement
May 29, 2019

GAIL and Exxon sign the initial agreement

Chairman of GAIL has informed that the gas firm has signed an initial agreement with energy giant ExxonMobil. Both the companies will jointly work to explore ways of supplying natural gas to power and transportation sector in India. This venture will help with the expansion of the gas business in the country. Further, GAIL is also competing to buy IL&FS’s 874 MW operational wind energy assets.

GAIL's profit increases by 10%
May 28, 2019

GAIL's profit increases by 10%

India's GAIL has reported a profit in the fourth quarter. The company's standalone net profit increased by 10% to Rs 1,122 crore. Its revenue from operations witnessed a 22% hike and were Rs 18,764 crore. “The board of directors, in its meeting held on 27th May 2019, has recommended a final dividend of Rs 1.77 per equity share of Rs 10 each amounting to Rs 399.15 crore”, GAIL informed.

GAIL and ExxonMobil joint venture on the table
May 17, 2019
Source: Livemint

GAIL and ExxonMobil joint venture on the table

If sources were to be believed, ExxonMobil and state-owned GAIL (India) Ltd are in talks to form a joint venture in the country. Exxon’s renewed focus on India is an acknowledgment of the rising energy consumption in India. Chairman and MD at GAIL said, “The discussions are on. We are likely to make an announcement in a fortnight or so,".

Government nominates GAIL as buyer for Barmer Gas output
March 5, 2019

Government nominates GAIL as buyer for Barmer Gas output

The Government of India has put forward state-run GAIL’s name as the buyer for gas output from Vedanta’s Barmer block. The production sharing contract for the Barmer block requires producers to sell the output to a government-nominated entity. The block is expected to generate around 4 million metric standard cubic meters a day (mmscmd). GAIL and Vedanta have been in a long-drawn negotiation row over the pricing of the output.

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