Page 5 - Gail India

Telecom dept seeks Rs 48,000 cr from Oil India in dues, firm to move TDSAT

Oil India Ltd (OIL) is the second oil and gas firm after GAIL India to have been slapped a demand notice. From gas utility GAIL, the DoT has sought Rs 1.72 trillion.

DoT examining if deadline for AGR payment applies to non-telecom PSUs

The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd

IOC, GAIL to pay Adani 5% more charge than their own LNG terminal: Pradhan

The two firms have, however, hired capacity in Adani's under-construction LNG import terminal at Dhamra.

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's gas trading business disappoints but hopes of a pick-up persist

Strong volume growth in the natural gas trading and transmission segments to support the stock price

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

Near-term concerns outweigh GAIL's attractive valuations, growing network

Street worried over the proposal to restructure the company, profitability of petrochemicals business and placement of high-priced US contracts

Shell exits city gas business in India, sells MGL stake in open market

When MGL was listed in July 2016, Shell and GAIL held 32.5 per cent stake each in the company

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

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 India issues tender to sell and buy two cargoes of LNG: Sources

GAIL is also seeking an LNG cargo for India's Dahej terminal for late December delivery on a delivered ex-ship (DES), the sources said

GAIL Q4 net profit up 10% to Rs 1,122 crore over higher gas sale margins

GAIL says it plans to invest Rs 54,000 crore across segments in the next five years

GAIL hits three-month low; stock down 5%

The stock was down 5% to Rs 322, its lowest level since October 5, 2018, on concerns of weak December quarter earnings.

GAIL India may acquire all of wind energy assets held by troubled IL&FS

A deal will give the state-run company an opportunity to add to its existing renewable energy portfolio of 129 megawatts and help offset emissions

Phase-1 of PM's Urja Ganga project to be commissioned by Jan: GAIL chief

The project will not just supply CNG to automobiles and cooking gas to household kitchens in cities along the route, but also to industries to meet their feedstock or fuel requirement

Multiple earnings triggers for GAIL amid risks of subsidy sharing

Amidst the overhang and risks of subsidy sharing, stocks of all public sector (PSU) oil and gas companies have seen sharp cuts recently. GAIL, too, fell about 12 per cent in October, before seeing some rebound in the past two days. While the government has not indicated of any move to push PSU oil companies to share subsidy, says Nilesh Ghughe at HDFC securities if it does, GAIL stands to be the last in the pecking order, while ONGC/OIL India would be first ones to share subsidy burden followed by oil marketing companies. Hence, there is least risk for GAIL. Moreover, on the earnings front, there are multiple triggers. Higher crude oil prices support GAIL's earnings by way of rising realisation in petrochemicals business and higher trading margins. Foreign brokerage, CLSA recently said that GAIL is their preferred play on higher crude prices (along with ONGC and Vedanta), as this may raise spreads in its LPG production business and could also mean higher LNG trading margins. The spot .

Govt wants Gail to exit petrochemical business: Dharmendra Pradhan

Pradhan said that the government is also working on the creation of a National Gas Hub, which would be a trading place for gas at market-determined price

GAIL seeks to invest in solar plants, battery charging stations for EVs

GAIL said that there is a necessity to adopt new and different pathways to provide clean, cost-effective and efficient mobility services

GAIL India Q1 profit up 23%, beats estimates on better gas trading margins

The profit was higher "mainly due to better performance by gas trading and petrochemicals segments," says GAIL

Indian govt reconsiders decision to split up gas utility Gail Ltd

The country's top two refiners Indian Oil Corp Ltd and Bharat Petroleum Corp Ltd had shown interest in integrating GAIL's marketing arm with their business