GAIL posts flat Q1 results but leans into future readiness through major capex and sustainability benchmarks. GAIL (India) Ltd reported revenue from operations of ₹3,479 billion in Q1 FY2026, marking a 3 per cent increase over ₹3,369 billion in Q1 FY2025. Profit before tax (PBT) declined to ₹253 billion from ₹364 billion, while profit after...
Tag: GAIL
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GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields
The supply deal for up to 900,000 SCMD of natural gas from Oil India’s Rajasthan fields to GAIL is set to boost domestic production, streamline transportation, and expand distribution, reinforcing energy security and improving access. India’s largest natural gas supplier GAIL India and Oil India Ltd have extended their existing gas sale and purchase agreement...
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GAIL India to add 5,500 km gas pipeline
In order to boost its capacity by 50 per cent in the coming three years, GAIL India plans on adding 5,500 km gas pipeline.
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Post Budget Analysis | OIL & GAS
Provision of revenue expenditure/subsidy for sensitive petroleum products of ~Rs 217 billion for FY2019 and 2018v19 (BE), excluding allocation of new LPG connections to poor families.
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Do or Divest!
With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).
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GAIL Q3 net profit up 46 per cent
GAIL has posted a 46 per cent rise in third-quarter profit aided by a boost in the petrochemicals business.
Profits rose to Rs 983 crore in the October-December quarter from Rs 676 crore a year ago. Sales fell 9 per cent to Rs 12,294 crore on a drop in natural gas sales. The revenue from natural gas marketing dropped by 20 per cent to Rs 9,414 crore and profit fell 38 per cent to Rs 300 crore in the quarter.
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HPC-led Skill Development Institute partners with NSDC under Skill India
Under the government´s Skill India mission, oil PSUs have initiated skill development initiatives for unemployed youth. Oil PSU members, viz., HPCL, IOCL, BPCL, ONGC, OIL, GAIL, EIL and Balmer Lawrie have come together to set up a Skill Development Institute in Visakhapatnam (SDI-Vskp).
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Indian Oil, GAIL sign MoU for equity stake in Dhamra LNG terminal
Indian Oil Corporation Limited and GAIL (India) Limited have signed an MoU with Dhamra LNG Terminal Private Limited (DLTPL) for taking equity in the 5 MMTPA capacity LNG receiving, storage and re-gasification terminal being set up at Dhamra Port, Odisha. The agreement was signed in New Delhi in the presence of Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.
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Foreign companies ready to partner HPCL-GAIL JV for AP project
A few foreign players have expressed interest in partnering with Hindustan Petroleum (HPCL) and GAIL to build a petrochemicals complex in Andhra Pradesh, the head of HPCL has said.
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Delhi-Jaipur CNG Highway commences
Clean fuel in the form of CNG is now available for vehicles plying from Delhi to Jaipur Highway through the CNG Station at Neemrana and Kukas (near Jaipur) after Rajasthan State Gas Limited (RSGL) started commercial sales on trial run from 26th June through its Mega CNG station at Neemrana, the company said in a statement.