Page 14 - Gail India

Phase-1 of PM's Urja Ganga project to be commissioned by Jan: GAIL chief

The project will not just supply CNG to automobiles and cooking gas to household kitchens in cities along the route, but also to industries to meet their feedstock or fuel requirement

Multiple earnings triggers for GAIL amid risks of subsidy sharing

Amidst the overhang and risks of subsidy sharing, stocks of all public sector (PSU) oil and gas companies have seen sharp cuts recently. GAIL, too, fell about 12 per cent in October, before seeing some rebound in the past two days. While the government has not indicated of any move to push PSU oil companies to share subsidy, says Nilesh Ghughe at HDFC securities if it does, GAIL stands to be the last in the pecking order, while ONGC/OIL India would be first ones to share subsidy burden followed by oil marketing companies. Hence, there is least risk for GAIL. Moreover, on the earnings front, there are multiple triggers. Higher crude oil prices support GAIL's earnings by way of rising realisation in petrochemicals business and higher trading margins. Foreign brokerage, CLSA recently said that GAIL is their preferred play on higher crude prices (along with ONGC and Vedanta), as this may raise spreads in its LPG production business and could also mean higher LNG trading margins. The spot .

Govt wants Gail to exit petrochemical business: Dharmendra Pradhan

Pradhan said that the government is also working on the creation of a National Gas Hub, which would be a trading place for gas at market-determined price

GAIL seeks to invest in solar plants, battery charging stations for EVs

GAIL said that there is a necessity to adopt new and different pathways to provide clean, cost-effective and efficient mobility services

GAIL India Q1 profit up 23%, beats estimates on better gas trading margins

The profit was higher "mainly due to better performance by gas trading and petrochemicals segments," says GAIL

Indian govt reconsiders decision to split up gas utility Gail Ltd

The country's top two refiners Indian Oil Corp Ltd and Bharat Petroleum Corp Ltd had shown interest in integrating GAIL's marketing arm with their business

GAIL turns to short-term and spot deals for LNG to meet rising demand

Price-sensitive customers in the South Asian nation have already forced renegotiation of three long-term LNG deals

GAIL India March quarter net profit posts four-fold jump to Rs 10.21 bn

The profit in fourth quarter was higher due to a one-off impairment GAIL had taken on its investment in Dabhol LNG terminal

GAIL signs Rs 20 bn loan agreement with SBI to meet capex requirement

The pact was signed in the presence of GAIL Director (Finance) Subir Purkayastha and SBI General Manager S K Pradhan

Oil & gas shares under pressure; HPCL, IOC hit 52-week lows, GAIL falls 6%

The S&P BSE Oil & Gas index, the largest loser among sectoral indices, was down 1.6% as compared to 0.2% decline in the S&P BSE Sensex at 10:54 am

GAIL's 1,724-km Surat-Paradip natural gas pipeline project terminated

Regulator says ground progress was 'nil' even after six years

Anyone can do marketing; Gail's job is to lay gas pipelines, says Pradhan

The minister also said the Rajasthan govt was set to save at least Rs 400 bn from the revised viability-gap funding for its Barmer refinery project by HPCL

IOC, BPCL keen to acquire GAIL to become fully integrated energy firms

The government's 54.89% stake in GAIL is currently worth about Rs 46,700 crore

GAIL plays the clean energy card

By backing short films on climate change the public sector major hopes to change brand image and customer behaviour, follows the example set by global energy giants

GAIL India gains 8% as PNGRB proposes unified tariff

At 10:06 am, the stock was up 6.5% to Rs 422 on BSE, as compared to 0.4% rise in the S&P BSE Sensex

Gail posts 23% drop in Q1 net at Rs 1,026 cr

Company said profit after tax of Rs 1,026 cr in the quarter saw growth of 21% on a y-o-y basis

GAIL India Q1 net drops 23% at Rs 1,026 cr

Revenue from natural gas transmission services business rose 10% to Rs 1,134 cr

Combat pollution with right lifestyle choices: GAIL India Campaign

An anthemic call for change

GAIL shares down nearly 3%, reports 69% drop in net proft after Q4 results

Net profit Jan-Mar quarter Rs 260.16 cr, against Rs 832.13 cr net earnings a year before

GAIL (India) falls 6% as Q4 profit misses forecast

The company posted net profit of Rs 260 crore in Q4FY17 against Rs 832 crore in Q4FY16.