Page 4 - Gail (india)

Gail's 12 LNG cargoes per year deal with Qatar Energy starts next month

State gas utility GAIL (India) Ltd will start receiving LNG under a five-year 12 cargoes per year deal from Qatar Energy Trading from next month as it augments sourcing to meet rising demand of the world's fastest growing economy. "Purchases under the deal will start from April," GAIL chairman and managing director Sandeep Kumar Gupta said. GAIL had in December last year awarded a liquefied natural gas (LNG) purchase tender for procuring 12 cargoes per year starting in April 2025 for a tenure of five years to Qatar Energy Trading. Besides the Qatar Energy deal, GAIL has in recent months signed long-term LNG procurement deals with suppliers. It has inked a long-term deal with commodity trader Vitol Asia for around 1 million tonne a year for a period of about 10 years, commencing 2026. Under this deal, Vitol will deliver LNG from its global LNG portfolio to GAIL in India on a pan-India basis. GAIL has also signed a long-term deal to purchase around 0.5 million tonne a year of LNG fro

Adani Green, Suzlon, Swan Energy: Stocks with biggest drop in PE ratio

Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end

Stocks to Watch, Feb 11: Nykaa, Berger Paints, Vi, Eicher Motors, GAIL

Stocks to Watch on February 11, 2025: From Nykaa to Berger Paints, here is a list of stocks that will be in focus today

GAIL revives plan to buy US LNG as Trump ends ban on export permits

GAIL had to stall its 2023 process to buy a stake of up to 26 per cent in an LNG plant in US after then-President Biden paused approvals for pending and future applications to export LNG

Kolkata city gas distribution network expands with pipeline reach: Gail

GAIL (India) Ltd chairman and managing director Sandeep Kumar Gupta on Friday said significant progress in the Kolkata city gas distribution network has been achieved with pipelines now reaching the eastern metropolitan, paving the way for accelerated natural gas adoption in the city and adjoining districts in near future. The development comes after prolonged delays due to challenges in navigating fisheries-rich districts of Midnapore, critical for pipeline routing for the Jagdishpur-Haldia-Bokaro-Dhamra pipeline. "The pipeline has reached Kolkata, so city gas distribution will get accelerated. Earlier we had to transport it," Gupta told PTI on the sidelines of the Institute of Internal Auditors India 32nd AGM. Asked about a timeline, he said, "We stand by the minimum work programme under which all the city gas distribution entities have to work. The work programme is decided by the Petroleum and Natural Gas Regulatory Board. So, they will be working all in line with that work ...

Kolkata city gas distribution network expands with pipeline reach: Gail

GAIL (India) Ltd chairman and managing director Sandeep Kumar Gupta on Friday said significant progress in the Kolkata city gas distribution network has been achieved with pipelines now reaching the eastern metropolitan, paving the way for accelerated natural gas adoption in the city and adjoining districts in near future. The development comes after prolonged delays due to challenges in navigating fisheries-rich districts of Midnapore, critical for pipeline routing for the Jagdishpur-Haldia-Bokaro-Dhamra pipeline. "The pipeline has reached Kolkata, so city gas distribution will get accelerated. Earlier we had to transport it," Gupta told PTI on the sidelines of the Institute of Internal Auditors India 32nd AGM. Asked about a timeline, he said, "We stand by the minimum work programme under which all the city gas distribution entities have to work. The work programme is decided by the Petroleum and Natural Gas Regulatory Board. So, they will be working all in line with that work ...

Dividend stocks: GAIL, ONGC, CAMS, 24 others to remain in focus today

Here is the complete list of stocks that will remain in the spotlight during trading sessions following their dividend announcements to shareholders as they turn ex-date on Friday, February 7, 2025

Lupin, Hindalco: 3 stocks to buy today by Ajit Mishra of Religare Broking

Nifty 50 Today: The Nifty index may continue to consolidate after its recent surge, but the broader trend remains positive

Lupin, Hindalco: 3 stocks to buy today by Ajit Mishra of Religare Broking

Nifty 50 Today: The Nifty index may continue to consolidate after its recent surge, but the broader trend remains positive

GAIL, LTTS among Vinay Rajani's stock picks today; Check Nifty outlook here

Stocks to Buy Today, Feb 5: LTTS share price has broken out from a bullish 'Inverted Head and Shoulder' pattern on the daily chart

Brokerages lower GAIL target on weak Q3; long-term positive outlook intact

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

Brokerages lower GAIL target on weak Q3; long-term positive outlook intact

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

Dividend, Bonus, stock-split: GAIL, 53 others to trade ex-date next week

Here's the complete list of stocks to watch this week, along with their corporate actions and key dates, as per BSE data

Gail Q3FY25 results: Net profit increases 36% to Rs 3,867.38 crore

State-owned gas utility GAIL (India) Ltd on Thursday reported a 36 per cent rise in net profit in the December quarter after a one-off gain from compensation received from an overseas LNG supplier for non-delivery of committed cargoes. It posted a standalone net profit of Rs 3,867.38 crore in the October-December period of FY25 compared with Rs 2,842.62 crore in the year-ago period, India's biggest gas transportation and marketing company said in a stock exchange filing. Revenue from operations was almost unchanged at Rs 34,957.76 crore with all three major business segments -- natural gas and LPG transportation services, natural gas marketing and petrochemicals -- reporting nearly the same revenues as the previous year. The company had an exceptional income of Rs 2,440.03 crore as compensation received from a former unit of Russian energy giant Gazprom. GAIL had in December 2023 initiated legal proceedings against SEFE Marketing & Trading Singapore Pte Ltd in the London Court of .

GAIL, BPCL to set up plants to produce compressed biogas in Chhattisgarh

While GAIL will set up plants in Ambikapur, Raigarh, and Korba, BPCL will execute the agreement in Bilaspur, Dhamtari, and Rajnandgaon

GAIL settles $1.8 bn claim against former Gazprom unit for $285 million

State-owned gas utility GAIL (India) Ltd has settled a USD 1.817-billion claim against a former unit of Russian energy giant Gazprom for USD 285 million, according to a stock exchange filing. GAIL had in December 2023 initiated legal proceedings against SEFE Marketing & Trading Singapore Pte Ltd in the London Court of International Arbitration for non-delivery of liquefied natural gas (LNG) under a long-term contract. It sought USD 1.817 billion in compensation for the default in delivery of committed cargoes by SEFE. "GAIL (India) Limited and SEFE Marketing & Trading Singapore Pte Ltd have entered into a settlement agreement dated January 15, 2025," the Indian firm said in the stock exchange filing. "The terms of the settlement agreement include payment of USD 285 million by SEFE Marketing & Trading Singapore to GAIL and withdrawal of arbitration proceedings before London Court of International Arbitration." The company gave no details of the settlement. GAIL in 2012 ...

IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO

MNGL IPO news: BPCL's Board has given an in-principle approval for MNGL listing

US-indexed LNG catches the fancy of Indian firms on Trump's return

Indian consumers are seeking to diversify their sourcing contracts by balancing US Henry Hub linked LNG purchases with oil linked contracts

GAIL India signs long-term charter deal with K-Line for new LNG ship

State gas utility GAIL (India) Ltd on Friday signed an agreement with Kawasaki Kisen Kaisha, Ltd for long-term charter hire of a newly built LNG ship. The pact was signed through the ship-owning company established in Singapore, GAIL said in a statement. The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co Ltd, Korea, with which the ship owning company has concluded a shipbuilding contract. The contract was signed in the presence of R K Jain, GAIL Director (Finance), Sanjay Kumar, GAIL Director (Marketing), and R K Singhal, GAIL Director (Business Development) by S Bairagi, GAIL Executive Director (Marketing - Shipping & International LNG) and Satoshi Kanamori, Managing Executive Officer (LNG, Carbon Solution Business), K-Line. "This is the first long-term time charter contract between GAIL and K-Line involving a newly built vessel which is expected to be engaged in transportation of ...

GAIL shares rise as company re engages to revive PTA manufacturing plant

With this, the company tends to revive GMPL's 1.25 MMTPA PTA manufacturing plant located in the Special Economic Zone (SEZ), Mangalore