Fitch says Indian oil marketing companies and GAIL could face cash flow pressure if disruptions linked to the Iran conflict persist, though government support may cushion credit profiles
Fitch says Indian oil marketing companies and GAIL could face cash flow pressure if disruptions linked to the Iran conflict persist, though government support may cushion credit profiles
US President Donald Trump said the war against Iran was "very complete", adding that the US is considering taking control of the Strait of Hormuz
The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage
Fallout from the US-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit
Deepak Gupta, a seasoned energy sector executive, on Sunday assumed charge as chairman and managing director of GAIL (India) Limited, India's largest gas transmission and marketing company. A mechanical engineer from Delhi College of Engineering, Gupta holds extensive experience in natural gas transmission, marketing and infrastructure development and held key leadership roles at GAIL across operations, business development and corporate management before this, according to a company statement. "He brings a comprehensive blend of technical, strategic and board-level leadership. His expertise spans project and construction management, contracts and global procurement, technology selection, business development, operations and maintenance," it said. Gupta, who replaces Sandeep Kumar Gupta, superannuated on February 28, joined GAIL as Director (Projects) in February 2022. He will have a tenure up to February 28, 2029. "Under his leadership, GAIL completed the Dabhol breakwater project
Deepak Gupta, a seasoned energy sector executive, on Sunday assumed charge as chairman and managing director of GAIL (India) Limited, India's largest gas transmission and marketing company. A mechanical engineer from Delhi College of Engineering, Gupta holds extensive experience in natural gas transmission, marketing and infrastructure development and held key leadership roles at GAIL across operations, business development and corporate management before this, according to a company statement. "He brings a comprehensive blend of technical, strategic and board-level leadership. His expertise spans project and construction management, contracts and global procurement, technology selection, business development, operations and maintenance," it said. Gupta, who replaces Sandeep Kumar Gupta, superannuated on February 28, joined GAIL as Director (Projects) in February 2022. He will have a tenure up to February 28, 2029. "Under his leadership, GAIL completed the Dabhol breakwater project
Gail, Balaji Amines, Schneider Electric: Om Mehra of SAMCO Securities has turned bullish on these 3 stocks across market capitalisation as they are showing signs of base-building on technical charts.
India-US trade deal is incrementally positive for Reliance Industries as it will reopen access to European Markets due to the availability of Venezuelan crude.
Major buyers including Gail India Ltd. and Bharat Petroleum Corp. have been pushing for lower prices and more flexible long-term contracts, leaving discussions with LNG producers stalled
The brokerage said INR depreciation of about 6% Y-o-Y in Q3 has weighed on margins of OMCs and CGD players, partly offsetting the benefit of softer crude oil prices.
Stocks to watch today, Dec 24: In Wednesday's session, traders will monitor Belrise Industries, Adani Ports, Biocon, and Ajanta Pharms shares.
GAIL has signed an MoU with the Chhattisgarh government to undertake studies for a greenfield gas-based fertiliser project, including a 12.7 LMT urea plant along its MNJPL corridor
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