Page 6 - Gail (india)

GAIL (India) Q1FY24 result: Net profit at Rs 1,412 cr YoY; revenue down 14%

The total income for Q1FY24 came in at Rs 32,495.07 crore, compared to Rs 37,751.91 crore YoY

Stocks to watch: L&T, GAIL, ONGC, Fortis Health, Tata Power, Paytm, Vedanta

Stocks to watch on June 23, 2023: From L&T to Fortis Health, here are top stocks to watch in Friday's trading session

GAIL India issues swap tender for 12 LNG cargoes in 2024, say reports

GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the US in exchange for 12 cargoes for delivery into India in 2024, two industry sources said

Sanjay Kumar takes over as new director for marketing in GAIL India

Sanjay Kumar on Thursday took over as the new director for marketing in state gas utility GAIL (India) Ltd, the firm said. Prior to his new role, Kumar was the Managing Director of Indraprastha Gas Limited, the largest CNG distribution company in India, since April 2022. "Kumar, a Mechanical Engineer from IIT Kharagpur and an MBA, has a rich domain experience of over 35 years in the natural gas sector," GAIL said in a statement. He joined GAIL in 1988 and over the next three decades worked in various roles across domains, including gas marketing, LNG sourcing/ trading/ shipping, business development, gas transmission, projects management and gas pipeline operation and maintenance. In 2011, Kumar was tasked with setting up GAIL's overseas LNG trading subsidiary GAIL Global (Singapore) Pte Ltd in Singapore. This was the first such subsidiary created by any Indian oil and gas PSU, and over the next five years, he played an important role in developing this subsidiary into a ...

GAIL infuses Rs 2,100 crore in insolvent chemical firm JBF Petrochemicals

India's largest gas firm GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. In a stock exchange filing, GAIL (India) Ltd said it has "infused Rs 2,101 crore (equity - Rs 625 crore and debt - Rs 1,476 crore)" in the committed bankruptcy resolution plan. "Accordingly, JBF has become a wholly-owned subsidiary of GAIL with effect from June 1, 2023," it said. GAIL had outbid a consortium of Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) in the insolvency process run by IDBI Bank to recover Rs 5,628 crore of dues to financial and operational creditors. JBF Petrochemicals was incorporated in 2008 to set up a 1.25 million tonne per annum capacity purified terephthalic acid plant at Mangalore Special Economic Zone. IDBI and other banks had lent JBF money to build the PTA plant for USD 603.81 milli

Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24

Gail India plans to borrow up to Rs 7,000 crore in FY24 to fund the Rs 10,000 crore capital expenditure plan for this fiscal, a top company official said on Friday. The state-owned company's chairman and managing director SK Gupta said, "For this fiscal, we plan to spend Rs 10,000 crore". He added that even though FY23 was not good for internal resource generation, it invested Rs 9,100 crore, which was 15 per cent higher than the budgeted levels. He exuded confidence that FY24 will be robust on the internal resource generation front, and there will not be any problem with continuing with the capex. "We plan to borrow something around Rs 5-7,000 crore," he added. The company's director of finance, RK Jain, said that given the present scenario in global finance, the borrowing will be done domestically and not in global markets. Keeping in line with the Sebi mandate, a fourth of the borrowings will be in bonds while the rest will be bank borrowings, he said. At present, the company

GAIL Q4 profit falls 77.5% to Rs 603 cr as Ukraine war weighs on gas supply

State-owned firm's natural gas marketing business, its mainstay, reports decline in profit

These 3 PSU stocks can soar 20% as Nifty PSE index hits new all-time high

Coal India, Hindustan Aeronautics and GAIL (India) have chart structures suggesting further upside of up to 20%

GAIL, BEL, GMDC: Bullish PSU stocks may see up to 20% upside

Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.

Indian gas firm GAIL to get 4 LNG cargoes from Germany's Sefe in May

However, the case could be without merit if the industry regulatorâ€"the Insurance Regulatory and Development Authority of India (IRDAI)â€"backdates a new rule around commissions

GAIL seeks LNG cargo for delivery to Dhamra terminal in May: Reports

GAIL (India) has issued a swap tender offering one liquefied natural gas (LNG) cargo for loading in the United States in exchange for another cargo for delivery to India, two industry sources said

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

GAIL signs agreement with Shell Energy India for ethane production

GAIL India has signed an agreement with Shell Energy India Private Limited to explore opportunities for infrastructure development for ethane sourcing

Sensex sheds 338 pts, Nifty ends near 17,050; IT, Adani Group stocks tumble

Stock market live updates: As of 7:45 am, the SGX Nifty stood at 17,208 levels, up 28-odd points

Stocks to watch: Lupin, GAIL, PNB Housing, Shriram Finance, Axita Cotton

Stocks to watch today: From Lupin to Gail (India), here are stocks to watch out in Tuesday's trading session

Bulls ride PSE index to historic peak, half of index stocks on breakouts

Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.

5 Nifty 500 stocks to accumulate if market breadth continues to improve

Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts

GAIL India rallies 5% in weak market; hits 8-month high on heavy volumes

Gas transmission and trading volumes are likely to increase in FY24E with supplies coming from new sources, analysts say

Centre planning to introduce measures to bring down fertiliser subsidy

Centre's focus is to bring down the cost of gas which is a key component for production of urea. Information from official sources indicated that bids, some of which stood at more than $30

GAIL signs advance pricing agreement with CBDT; first oil, gas PSU to do so

GAIL is the first public sector undertaking in oil & gas sector in India to successfully sign the APA