State-owned gas utility GAIL India Ltd will invest over Rs 45,000 crore over the next five years to expand the National Gas Grid and city gas distribution network, its chairman Ashutosh Karnatak said on Tuesday.
GAIL (India) Ltd investors were in for a rude shock after the tariff revision for its Hazira-Vijaipur-Jagdishpur (HVJ) pipeline came in much lower than expected. After dropping over 10% on Thursday, GAIL shares extended losses for a second day, falling nearly 1% to Rs 313.65.
State-owned gas utility GAIL India Ltd Friday said it has signed an agreement with Bharat Heavy Electricals Ltd (BHEL) for cooperation in the development of solar power projects.
Gail (India) Ltd has terminated pipe laying contracts to financially-troubled IL&FS and awarded these to new contractors to speed up construction of the Prime Minister’s pet pipeline project that would take natural gas to much of eastern India via his constituency Varanasi.
India’s biggest gas utility is considering acquiring all of the wind energy assets held by a subsidiary of a troubled shadow bank, according to people familiar with the matter.
Shares of GAIL (India) Ltd. and Gujarat State Petronet Ltd. jumped after the regulator Petroleum & Natural Gas Regulatory Board increased tariffs for some pipelines The tariffs were hiked in the range of 27 percent to 691 percent
ONGC not to sell stake in IOC, GAIL in near future; repays close to third of Rs 24,881 cr loan to buy HPCL
State-owned Oil and Natural Gas Corp. Ltd (ONGC) will not sell its stake in Indian Oil Corporation Ltd and GAIL (India) Ltd in the near future as it has used internal resources to repay close to a third of the Rs 24,881 crore loan it had taken to buy Hindustan Petroleum Corp Ltd (HPCL), people with direct knowledge of the matter said.
The stock is quoting at Rs 349.15, up 1.78% on the day as on 12:54 IST on the NSE. GAIL (India) Ltd is up 13.45% in last one year as compared to a 10.85% spurt in NIFTY and a 14.5% spurt in the Nifty Energy.
A meeting of the Board of Directors of GAIL India Ltd is scheduled to be held on Friday, the 12th January, 2018 to consider, payment of interim dividend for FY 2017-18.
To promote the use of clean fuel, the oil ministry plans to set up bio-CNG (compressed natural gas) plants and allied infrastructure at a cost of Rs7,000 crore, two people aware of the plan said.