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GAIL to invest Rs 12,940 cr on natural gas pipeline network

State run company GAIL (India) Ltd has committed an investment of Rs 12,940 crore to expand its natural gas pipeline network to 18,000 km, up from 11,000 km presently."Our envisaged pipeline network is expected to be completed by December 2020. The natural gas pipeline network would cover 769 km in Odisha where the investment would be Rs 4000 crore", said Ashutosh Karnatak, director (projects), GAIL (India) Ltd.With over 11,000 km of natural gas network, GAIL meets the country's fuel requirement across sectors like power, fertilizers, industrial, automotive and even household consumers. It has a share of over 75 per cent in natural gas transmission.Banking on its natural gas network, GAIL aims to have 10 million piped natural gas connections across the country by 2002.GAIL also plans to develop five green corridors in the country, Karnatak informed. The natural gas company is considering a plan to have a green corridor along the Ahmedabad-Mumbai national highway. The company is ...

Unified tariff a fresh trigger for GAIL

The proposal by the Petroleum and Natural Gas Regulatory Board (PNGRB) to put in place a unified tariff for all pipelines is a shot in the arm for GAIL.The stock, which gained nearly six per cent on Friday and another 3.5 per cent on Tuesday to close at ~433.60, can see more gains. The Street's optimism stems from the fact that the new proposal, if accepted, will not only lead to improved tariffs for the company and consequently higher return ratios, but also boost gas demand.Sector regulator PNGRB, has proposed to implement a "unified or pooled" method for computing gas transmission tariffs for cross-country pipelines or all connected ones of a company. GAIL, which has India's largest pipeline network, stands to gain the most. Under the new method, the tariff will be computed by pooling capital and operating expenditures across pipelines and in proportion to cumulative volumes. Analysts said such tariffs might then be applied on a zonal/postal and other geographical basis, according .

GAIL: Unified tariff proposal adds a fresh trigger

The company's earnings visibility can improve with implementation of unified tariff

GAIL swaps 60% of US LNG volumes: Chairman B C Tripathi

GAIL had in May signed a first-ever time-swap deal to sell some of its US LNG

GAIL gets a fresh trigger with Gorgon negotiation

The contract raises optimism on firm's high-priced deals with US players

GAIL's bets pay off

GAIL has corrected significantly from highs of Rs 433 in May this year to Rs 372.45 levels now. The street was concerned about the declining trend of crude oil prices and higher priced take-or-pay US liquified natural gas (LNG) contracts starting this year. On the positive side, the crude oil prices have started rebounding, which should offset concerns on profitability of various segments such as petrochemicals. The good performance in the June quarter in spite of planned maintenance shutdown at its petrochemical facilities should add to the confidence. Petchem sales volumes rose 19 per cent year-on-year though down 30 per cent sequentially. The segment has continued to benefit from ramped up capacities and also lower natural gas prices (reworked RasGas, Qatar contracts) resulting in lower input costs helping boost profitability. The volumes are expected to rebound in the September quarter.Petrochemical weakness was partially offset by strong earnings in liquefied petroleum gas (LPG) .

GAIL cancels tender over policy to buy local steel

Value of the project was Rs 1,200 cr

GAIL to invest Rs 4,276 cr to improve natural gas network in Odisha

Rs 1,000 cr earmarked for Bhubaneshwar; Cuttack to receive Rs 750 cr

LNG duty cuts to boost GAIL's earnings

Petrochem segment would benefit from lower feedstock prices and improving utilisation

Street confident of GAIL sustaining its good show

Improving show of petrochemicals and other segments to drive profit growth, say analysts

GAIL scraps $7 billion 'Make in India' LNG carrier tender

It will now hire ships from global spot or current market to transport liquefied natural gas

CCI to probe GAIL for alleged unfair biz practices

The watchdog called for a detailed probe after clubbing five complaints which alleged unfair business practices

Petrochemical turnaround boosts GAIL show

Analysts expect 35% annual profit growth over FY16-18

GAIL (India) gains after strong Q1 results

The stock had hit a 52-week low of Rs 272.75 on 7 September 2015

GAIL net jumps 244%

Rs 1,335-cr net profit was reported for the June quarter

GAIL signs MoU with Bloom Energy for fuel cell power generation

The new technology converts fuel into electricity through an electro-chemical process

Rate revision for GAIL pipelines a positive

Bigger trigger is revision for its three largest pipelines

GAIL places Rs 305 crore order for steel pipes

GAIL Chairman and Managing Director B C Tripathi said sections for which pipeline procurement have been placed are being taken up for revival of closed fertiliser plants

GAIL, Gazprom renegotiating LNG deal, sources say

At current oil prices, Gazprom's LNG will cost more than $7 per mmBtu while spot cargoes fetch around $5 per mmBtu

GAIL begins gas supplies to Chinese wheel producer

Gas supplies to company's plant at Rewari in Haryana commenced on June 27