Bharat Petroleum (BPCL) has emerged the top individual bidder in the 9th round of bidding for city gas distribution (CGD) licences with bids for 53 geographical areas (GAs), followed by Indian Oil (37), GAIL Gas (34), Adani Gas (32) and Torrent Gas (31).
Shares of Gas Authority of India or GAIL have recovered 12 per cent in the past few weeks, after falling almost 20 per cent from December highs, as concerns over its profitability are easing. Moreover, with its other business segments doing well and valuations now favourable, analysts see more gains for the stock.
Public sector undertaking Gas Authority of India (GAIL), will be setting up 20 compressed natural gas (CNG) retail stations across Bengaluru for refueling vehicles.
Ending the deadlock over Kochi-Bengaluru LNG pipeline project, the Gas Authority of India Ltd (GAIL) has awarded the work to lay 94-km pipeline along the Koottanadu-Walayar stretch to Corrtech International Private Ltd.
The battle to dominate the gas market in eastern India is intensifying with state-owned GAIL India opposed to a move by H-Energy, a subsidiary of real estate firm Hiranandani Group, to lay a 125km pipeline between Kukrahati in East Midnapore and Itinda in North 24-Parganas.
Shares of Kalpataru Power Transmission rose 3.7 percent in the early trade on Monday as company bagged an orders worth Rs 1,463 crore.
State-run GAIL India’s renegotiated LNG import deal with Russian supplier Gazprom will kick-in from May, with volumes gradually ramping up to fully contracted quantity of 2.5 million tonnes (MT) in 5-6 year, Oil Minister Dharmendra Pradhan said today.
A splitting of GAIL (India) into pipeline and gas-marketing entities seems imminent as the government has come to the view that it is necessary to create a gas-trading hub in the country and bring in transparency in price determination through an exchange.
The newly-created arm of state-run gas major Gail India, Konkan LNG, will pump in around Rs 3,000 crore to double the capacity at its liquefied natural gas (LNG) terminal at Dabhol in the Konkan region of Maharashtra to 10 million tonne over the next three years.
To promote environment-friendly uses of coal, Coal India is planning to set up plants for coal gasification, Parliament was informed today.