Page 14 - Gail

GAIL's gas trading business disappoints in Q2, but recovery hopes alive

Though margins fell in the September quarter, analysts expect a recovery and remain positive on volume growth outlook

GAIL loses steam as financial, operational challenges tapers growth

Concerns over placement of the high-priced US gas contracts remain, even though GAIL has consistently met with success in placing them and reporting good numbers

GAIL in two minds over govt's plan to split gas pipeline business

The government plans to unbundle the pipeline company into two to avoid conflict-of-interest issues but the state-owned major wants to retain control of both businesses

Essar plans to ramp up CBM production as GAIL pipeline nears completion

The Raniganj coal block is India's most prolific coal-bed methane block that has already achieved daily gas production of more than 1 million scmd

India is likely to set up gas trading hub by first quarter of 2020-21

The Narendra Modi government is looking into a plan to unbundle the gas transmission and marketing business of GAIL

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Govt mulls spinning off GAIL's gas pipeline business into a separate unit

The plan to carve the pipelines business into a fully-owned unit will bring greater transparency between the two businesses and may allow govt to sell shares at a later date

GAIL stock takes 12% knock on tariff revision, modest uptick in HVJ levy

The company will continue to benefit from growth in gas volumes, led by strong demand, higher availability, and marketing profits

Gail to list its subsidiary Gail Gas, aims to invest Rs 54,000 cr in 2 yrs

Out of total expenditure planned, Gail plans to invest Rs 12,000 crore in city gas distribution networks to retail Compressed Natural Gas (CNG) to automobiles and piped natural gas

GAIL offers winning bid for IL&FS wind assets, with no haircut for lenders

Quotes price of Rs 4,800 crore for 873 Mw assets; proposal unanimously approved by CoC

GAIL, BHEL sign pact for development of solar power projects

GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor

Besides volume ramp-up, profitability to remain healthy for GAIL, IGL

The optimism also stems from the outlook for volume growth of the companies

Hike in gas pipeline tariffs likely to remain a key trigger for GAIL

With margins for select segments set to fall on lower oil prices, tariff hikes will aid earnings growth

NCLT grants Gail India operational creditor status in Alok Industries case

However, two-member bench of tribunal did not go into merit of GAIL's claims for dues worth Rs 506 crore

GAIL purchases steel pipes worth Rs 11 bn for Barauni-Guwahati gas pipeline

Work on the 729-km pipeline will commence from December

GAIL on strong wicket aided by robust LNG demand, share price may rise

GAIL's share price has risen 24 per cent from a May low, on the back of multiple triggers. Rising natural gas prices have eased concern on placement of higher-priced liquefied natural gas (LNG) cargoes from the US. Improvement in transmission, distribution and trading segment volumes and profitability are positives, as is uptick in the petrochemicals business. Most segments did beter than expected in the June quarter. The other positive is the government's clarification about not splitting the natural gas transmission and trading/marketing business into independent entities. The ministry clarified the government's intention of ensuring GAIL's complete focus on building of gas infrastructure and sales. It did indicate sell-off plans for the petchem segment, given the need to meet divestment targets. These plans are, however, at a nascent stage. The government will also wait for the right valuation. The Street is not worried about sale of non-core petchem segments, as it is a cyclical

GAIL to roll out training programmes for unskilled workers in Odisha

The projects are being launched on the occasion of the birth anniversary of Madhusudan Das, who laid the foundation of industrialization in Odisha

GAIL to sign pacts with Tata Steel, JSPL, Vedanta for gas supplies

GAIL (India) Ltd will enter into pacts with aluminum and steel majors in Odisha for supply of natural gas from December 2019. The gas major will sign term sheets with companies including Steel Authority of India Ltd (Rourkela), Tata Steel (Kalinganagar), Vedanta (Jharsuguda), Jindal Stainless Ltd (JSL), Jindal Steel and Power Ltd (JSPL) and Indian Metal and Ferro Alloys (IMFA). The memorandum of understanding (MoUs) with the companies would be signed on the occasion of the laying of foundation stone for new Dhamra-Angul 36 inch main line and Bhubaneswar-Cuttack-Paradip 12 inch spur line on December 17 by Dharmendra Pradhan, Union minister of petroleum & natural gas and skill development & entrepreneurship. "Our marketing team has identified 11 industries for supply of natural gas. We will sign the MoUs on the occasion. Together, 1.2 million standard cubic meters a day (mmscmd) gas will be supplied to these industries", said Ashutosh Karnatak, director (projects), .

GAIL hires drones to secure 15,000-km gas pipelines

The drones will be used to patrol the pipeline to detect physical abnormal activity like encroachment or intrusion on the pipeline

GAIL India to skip mid-term LNG deals for 2018 as US imports rise

GAIL has signed contracts for sourcing up to 5.8 million tonnes of LNG from the United States