Page 2 - Gail (india)

GAIL reports highest quarterly net profit on natural gas price jump

While natural gas transmission volumes and profitability remained almost unchanged, the firm saw its profitability from the marketing of the fuel jump to Rs 1,749.71 crore in Q3

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.

GAIL completes acquisition of bankrupt IL&FS' 26% stake in OTPC

State-owned gas utility GAIL (India) Ltd on Tuesday said it has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services' (IL&FS) 26 per cent stake in ONGC Tripura Power Company (OTPC). OTPC is a special purpose vehicle set up by Oil and Natural Gas Corporation (ONGC) to build a 726.6 megawatt combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura. The IL&FS group and the Government of Tripura (GoT) were partners in the special purpose vehicle (SPV). ONGC holds 50 per cent interest in the company in the project that supplies electricity to the northeastern states. Tripura government holds 0.5 per cent while India Infrastructure Fund II holds the balance 23.5 per cent stake. "GAIL and IL&FS Group successfully concluded the transaction wherein GAIL acquired an equity stake of 26 per cent held by IL&FS Energy Development Company Ltd (IEDCL) and IL&FS Financial Services Ltd (IFIN) in ONGC Tripura Power Company Limited ...

GACL, GAIL sign pact to set up Rs 1,000-crore bioethanol plant in Gujarat

This plant will be using corn or rice husk as feedstock to produce 500 KLD (kiloliters per day) bioethanol, which will be used for blending in petrol

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

GAIL seeks to procure India's largest Hydrogen electrolyser

GAIL's electrolyser will outmatch the 5 MW one that NTPC is seeking to set up. It is expected that the 10 MW electrolyser will generate 4.5 tonnes of green hydrogen in a day.

Price hike boost! Gail India, Petronet, Gujarat Gas may rally up to 11%

Natural Gas related stocks were in focus on the back of CNG and piped gas price hike in several northern India cities

Gail India, Indraprastha Gas have given a fresh breakout, says Ajit Mishra

The Religare Broking analyst also recommends buying Apollo Tyres

CCI approves 26% stake-buy in ONGC Tripura Power Company by GAIL

Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India). The stake is being acquired from IL&FS group companies IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd. GAIL had participated in an open bidding process and had emerged as the highest bidder pursuant to the expression of interest issued for acquiring 26 per cent stake held by the IL&FS Group in ONGC Tripura Power Corporation Ltd, as per a combination notice. "Commission approves acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India)," the Competition Commission of India (CCI) said in a tweet. The combined value of assets and turnover of GAIL India and ONGC Tripura for the financial year ending March 2020 are Rs 71,959.84 crore and Rs 73,408.82 crore, the combination notice added. Separately, CCI said the "Commission approves acquisition of Inflow Technologies by Savex ...

GAIL consolidated Q1 profit up more than three-fold at Rs 2,157 crore

Consolidated total income stood at Rs 17,702.43 crore during the quarter ended June 30, 2021, up from Rs 12,339.12 crore in the same months of financial year 2020-21

Fitch affirms gas utility GAIL India at BBB-minus with negative outlook

Fitch Ratings has affirmed GAIL India Ltd's long-term foreign-currency issuer default rating at BBB-minus with a negative outlook.

GAIL's Q4 net jumps 28% to Rs 1,908 cr as petrochemical margins soar

Higher profitability was mainly due to improved performance of the petrochemical business as well as natural gas marketing and LPG segment

Stocks to watch: GAIL, Bata India, Prestige Estates, Tata Motors, Glenmark

Reserve Bank of India granted approval for the re-appointment of Chandra Shekhar Ghosh, Managing Director & Chief Executive Officer of Bandhan Bank for a period of three years

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked

No plan to split Gail, says Union Oil Minister Dharmendra Pradhan

The government is not considering any proposal to bifurcate state-owned gas utility GAIL (India) Ltd, Pradhan said

NSE becomes co-promoter in IGX, buys 26% stake in gas trading hub

The exchange has with over 500 registered clients and 15 members

NSE tech glitch: Sensex ends 1030 pts up in extended trade, Nifty at 14,982

Sectorally, the Nifty Bank and Private Bank indices closed 4 per cent higher

Tata Consumer up 4%, hits new high on inclusion in Nifty50 from March 31

In past one month, the stock of Tata Consumer and Gail has outperformed the market by gaining 11 per cent, against 2.3 per cent risen in the Nifty50 index.

Stocks to watch: Tata Consumer, GAIL, NTPC, SBI Card, Sanofi India, REC

SBI Cards and Payment Services had raised Rs 550 crore by issuing bonds on a private placement basis