Page 9 - Gail
State-owned GAIL declares record interim dividend of 50% for FY22
State-owned gas utility GAIL (India) Ltd has declared a second interim dividend of 50 per cent (Rs 5 per share) for the current fiscal year ending March 31, 2022. The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a statement. "The decision (to issue dividend) was taken by the board of directors of GAIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, at their meeting here on March 11," it said. For the current fiscal 2021-22, GAIL has already declared an interim dividend of Rs 4 per share to its shareholders in December 2021. The two interim dividends total to Rs 9 per equity share (90 per cent on the paid-up equity share capital). Total dividend payout is Rs 3,996.35 crore. Manoj Jain, chairman and managing director, GAIL, stated that the company shareholders have been provided with steady long-term returns on their investments. "This is the highest ever dividend payment in terms of total dividend amount by ...
 "State-owned GAIL declares record interim dividend of 50% for FY22")
GAIL announces interim dividend of Rs 5 per share for FY22
Natural gas producer and distributor GAIL has announced a second interim dividend of Rs 5 per share for the fiscal year FY22.
GAIL to remain unaffected by Russia-Ukraine conflict, say experts
GAIL handles regassified LNG of around 89 million metric standard cubic metres per day
GAIL to connect Srinagar to gas grid; Mumbai-Nagpur line by May 2023
GAIL will by May 2023 complete a 700-km pipeline from Mumbai to Nagpur, enabling the flow of gas to central India
JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others
The brokerage and investment firm JM Financial has given a 'buy' call for shares such as ITC, GAIL, Mahindra & Mahindra Financial, Welspun India, Apollo Tyres, Blue Star, V Guard Industries, JK Lakshmi Cement and Somany Ceramics.
 "JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others")
Despite strong Q3 results and outlook, GAIL stock yet to fire up
Most analysts are positive about Q3 results and guidance, with target prices ranging between Rs 200 and Rs 250
Sensex snaps 3-day winning run, ends 770 pts down; Nifty tops 17,750
Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
 "Sensex snaps 3-day winning run, ends 770 pts down; Nifty tops 17,750")
GAIL confirms suspension of its Director (Mkt) Ranganathan after CBI arrest
The CBI had on January 14 registered a complaint in connection with discounts that Ranganathan had allegedly promised to private companies in exchange for a bribe of Rs 50 lakh
Govt suspends GAIL director E S Ranganathan after CBI arrest
The Ministry of Petroleum and Natural Gas on January 17 issued orders suspending Ranganathan from service
CBI gets six more days custody of GAIL director Ranganathan held for graft
The CBI on Monday got six day custodial remand of GAIL's Director, Marketing, E.S. Ranganathan, who was arrested on Sunday in a corruption case.
Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs
The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid
 "Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs")
Senior GAIL exec arrested, accused of taking bribes in petrochemicals sale
CBI has arrested a senior executive of state-owned GAIL for allegedly taking bribes to offer discounts in the sale of petrochemicals
CBI books GAIL's marketing head E S Ranganathan in bribery case
CBI also said that searches were continuing at the premises of Ranganathan
CBI books GAIL director in alleged bribery case, carries out searches
CBI has filed FIR against Ranganathan for allegedly demanding bribes through middlemen for granting discounts on petrochemical products marketed by GAIL
GAIL, IPICOL sign MoU for developing clean energy projects in Odisha
IPICOL and GAIL (India) Limited on Wednesday signed a MoU for cooperation in the areas of green hydrogen, green ammonia and renewable energy for the production of eco-friendly fuels in Odisha
India's gas consumption to jump more than 3 times by 2030: GAIL Director
India's natural gas consumption is projected to rise to as much as 550 million standard cubic meters per day by the end of the decade as the user base expands GAIL India's E S Ranganathan said
 "India's gas consumption to jump more than 3 times by 2030: GAIL Director")
GAIL's Q2 net up 168% to Rs 2,873 cr on strong show across segments
Total income up 56% to Rs 22,056.21 crore
CCI slaps penalties upon 2 firms for bid rigging in GAIL tender
CCI passed a final order against two firms - PMP Infratech Pvt Ltd and Rati Engineering - for indulging into concerted practices leading to bid rigging of a tender floated by GAIL in 2017-18
CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL
PMP Infratech fined Rs 25 lakh, Rati Engineering to pay Rs 2.5 lakh; personnel managing and controlled the two firms also penalised, cease-and-desist order passed
 "CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL")
Gas stocks in focus: Adani Gas, GAIL, Petronet can see up to 15% upside
The likes of Adani Total Gas, GAIL India, Petronet LNG, Indraprastha Gas, Gujarat Gas can witness 6-15 per cent upside as per the daily and weekly chart patterns
 "Gas stocks in focus: Adani Gas, GAIL, Petronet can see up to 15% upside")