Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU
India will likely give up direct control of its most-profitable state-run behemoths as Prime Minister Narendra Modi seeks to keep the budget deficit in check, while reviving investments to spur economic growth.
GAIL India has offered two cargoes of liquefied natural gas (LNG) for loading from the Cove Point plant in the United States in August and November, two industry sources said on Tuesday.
Political parties have strongly opposed the ongoing works of Gas Authority of India Limited (GAIL) in the stretch between Madhanam and Memathur
Natural gas distribution major GAIL India Limited emerged as the highest bidder for the wind assets of debt-ridden IL&FS Group. GAIL quoted an offer price of Rs 4,800 crore for 873 MW of wind power assets, IL&FS said in a public statement.
Gail India has offered a cargo of liquefied natural gas (LNG) loading from the United States on June 27-29 this year, two traders said.
As many as 225 bids by companies such as Adani Gas, Indian Oil Corp (IOC), Torrent and GAIL Gas were received Tuesday at the close of bidding for city gas licences for 50 cities, official sources said.
Coal India is in talks with Gail India and IOC for joint ventures to develop coal bed methane fields and sell the produce. Coal India has already lined up investments to the tune of Rs 3,000 crore for its methane projects.
State-run gas utility GAIL and Gujarat Energy Transmission Corporation (Getco) have thrown their weight against ArcelorMittal’s bid to take over debt-laden Essar Steel under bankruptcy proceedings in the National Company Law Tribunal(NCLT).
State-owned gas utility GAIL (India) Tuesday said it will commission the first phase of the Pradhan Mantri Urja Ganga (PMUG) project before January, taking natural gas to cities in eastern Uttar Pradesh and Bihar.