GAIL (India) announced that the Prime Minister Narendra Modi on 14 July 2018 dedicated to the Nation the Varanasi City Gas Distribution (CGD) network which will supply environment friendly natural gas to households, transport sector and industries in the city through the ‘Pradhan Mantri Urja Ganga’.
Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd bid for 32 licenses, chief executive officer Rajeev Sharma said on Wednesday, while its joint venture with Indian Oil Corp. (IOC) bid for 20.
India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company, India’s oil minister said on Thursday.
Rising liquefied natural gas prices have made it profitable for GAIL (India) Ltd., the nation’s largest distributor, to sell the commodity in the domestic market.
The government will launch the fourth tranche of the CPSE Exchange Traded Fund (ETF) and has started looking for merchant bankers to advise on the sale process.
The market is not yet ready for splitting state-run gas utility GAIL into two separate entities for building pipelines and marketing, the head of the country’s largest gas transmission and marketing company said on Thursday.
Indian gas utility GAIL (India) has switched its focus to short-term and spot deals for the purchase of liquefied natural gas (LNG) to meet rising demand and hedge against price volatility, its chairman said.
State-run gas utility GAIL (India) Ltd on Thursday reported a fourfold increase in the company’s standalone net profit to Rs 1,021 crore of the fourth quarter ending March 2018. The company had posted a net profit of Rs 260 crore in the corresponding quarter a year ago and had incurred an impairment of investment cost of Rs 788 crore.
India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the sector’s regulator told Reuters.
First Phase Of Pradhan Mantri Urja Ganga Project Likely To Be Completed Before Scheduled Target Of Dec 2018 : GAIL India Ltd.
GAIL (India) Limited has placed pipe laying orders of Rs 780 crs for approx. 530 Kms for pipeline connectivity from Bokaro (in Jharkhand) to Angul (in Odisha) Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project. With these awards, major contracts of the project, i.e. pipe supply and laying contract orders for 2200 Kms have been finalized.