PNGRB, in its 27 November order, raised GAIL's integrated pipeline tariff by roughly 12 per cent to ₹65.7 per mmbtu, effective 1 January 2026.
GAIL's integrated pipeline tariff has been revised to Rs 65.69 per mmBtu from January 2026 - well below its ask - prompting a sharp market reaction
PNGRB's lower-than-expected tariff hike has dampened sentiment around GAIL, with analysts expecting only modest earnings support even as transmission volumes
Gail stock crash: The Petroleum and Natural Gas Regulatory Board (PNGRB) approved a lower-than-expected tariff of Rs 65.69/mmbtu, versus street expectation of Rs 70/mmbtu.
CNG supply to the financial capital was affected on Sunday due to a damage to the main pipeline, Mahangar Gas (MGL) said. A majority of autorickshaws and taxis, including those operated by companies such as Ola and Uber, and also some of the buses run by public transport undertakings run on compressed natural gas (CNG) supplied by MGL. The gas utility, however, said it has "prioritised" supply to residences that will ensure that piped natural gas supply to homes continues. "Due to third-party damage in the main gas supply pipeline of GAIL (Gas Authority of India) inside RCF (Rashtriya Chemicals and Fertiliser) compound, the gas supply to MGL's City Gate Station (CGS) at Wadala has been affected," a company statement said. CNG stations across Mumbai, Thane and Navi Mumbai, including the dedicated CNG stations for public transport undertakings "may not operate" due to stoppage of gas supply in CGS Wadala, and, thereby, the MGL pipeline network, it added. The company did not give any
The gas regulator suggests India's top distributor switch to electric compressor motors to cut costs as GAIL seeks a tariff hike amid higher gas prices
State-owned gas utility GAIL (India) Ltd on Friday reported an 18 per cent drop in September quarter net profit as petrochemical margins came under pressure in a quarter with flattish volumes. Standalone net profit of Rs 2,823.19 crore in the July-September period -- the second quarter of the 2025-26 fiscal year -- compared with Rs 3,453.12 crore earning in the same period last year, according to a stock exchange filing by the company. While earnings from its natural gas transmission as well as marketing business ere flattish, petrochemical business posted a nearly Rs 300 crore pre-tax loss on margin pressures. Revenue from operations rose to Rs 35,031 crore from Rs 32,930.72 crore in July-September 2024. For half year (April-September), net profit fell 24 per cent to Rs 4,103.56 crore. According to GAIL, natural gas, which is used to generate power, produce fertiliser, turned into CNG to run automobiles or used in kitchens for cooking, sold in H1 of current fiscal year was 105.47
According to MOFSL, GAIL's valuations have corrected sharply from their September 2024 highs, with the stock now trading close to historical averages at 1.1x one-year forward core P/B
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GAIL (India) Ltd has entered into an agreement with Tata Steel for supply of natural gas to the steel major's Combi-Mill plant in Jamshedpur, a statement said. As per the agreement, GAIL will supply 31,000 standard cubic metres per day (SCMD) of natural gas until March 2026, with volumes scaling up to 43,000 SCMD thereafter, it said. Supply to Tata Steel's Combi-Mill plant under the City Gas Distribution project being implemented in East Singhbhum, will commence by the end of this September. This agreement represents the largest industrial customer onboarding since the inception of GAIL's City Gas Distribution GAs located in Varanasi, Patna, Ranchi, East Singhbhum, Cuttack and Kordha, the company said. To connect the Combi-Mill plant, GAIL has commissioned a 23-km pipeline route, it said. General Manager and GA in-charge of GAIL, Gauri Shankar Mishra, stated that the collaboration with Tata Steel demonstrates the company's dedication to providing cost-effective, environmentally ..
Global brokerage Nomura has assumed coverage on GAIL India with a 'Buy, citing potential upside from regulated tariff hikes and long-term recovery in the petrochemicals segment; check target price
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Gail (India) shares fell 1 per cent after its net profit in the June quarter of the financial year 2026 dipped 25 per cent
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The fall in profit can be attributed to the decline in PBIT in the Natural Gas marketing segment to ₹661.25 crore in Q1 FY26 from ₹2,056.58 crore in the same quarter last year
The fall in profit can be attributed to the decline in PBIT in the Natural Gas marketing segment to ₹661.25 crore in Q1 FY26 from ₹2,056.58 crore in the same quarter last year
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The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal
State-owned GAIL (India) Ltd has signed a gas sales and purchase agreement (GSPA) to buy 1 million tonnes of liquefied natural gas (LNG) from Vitol Asia Pte Ltd for 10 years starting 2026. The GSPA follows a binding term sheet signed in January 2024, GAIL said in a statement. "Under the agreement, Vitol will deliver LNG to GAIL from its global LNG portfolio," it said. Speaking on the occasion, GAIL Director (Marketing) Sanjay Kumar said the company is expanding its long-term LNG portfolio to meet demand growth. "We are pleased to partner with Vitol Asia Pte Ltd, and this agreement represents a key milestone in reinforcing GAIL's capability to reliably serve its diverse and evolving customer base." Jay Ng, Chief Financial Officer, Vitol Asia and Executive Committee member, said the growing Indian market is core to Vitol's strategy and its diversified portfolio enables it to offer India a stable supply of cleaner and competitive energy. India emerged as the world's fourth-largest LN