GAIL | Business Upturn

GAIL to invest ₹3,800 crore in 700 MW solar power projects across UP and Maharashtra

Markets Desk — Wed, 15 Apr 2026 05:30:18 +0000

GAIL (India) Limited has announced a major push into renewable energy, approving an investment of ₹3,800 crore to develop 700 MW of solar power capacity across Uttar Pradesh and Maharashtra.

According to the company’s press release dated April 14, 2026, the projects will include a 600 MW solar power installation along with a 550 MWh Battery Energy Storage System (BESS) at the TUSCO Solar Park in Jhansi, Uttar Pradesh. The project is primarily aimed at meeting the captive energy requirements of GAIL’s petrochemical plant at Pata in Auraiya district.

In addition, GAIL will set up a 100 MW solar power project with a 22 MWh BESS in Chhatrapati Sambhaji Nagar district (formerly Aurangabad) in Maharashtra. This facility will cater to the captive energy needs of the company’s PDH-PP plant located at Usar in Raigad district.

The company stated that the integration of battery energy storage systems will play a critical role in addressing intermittency challenges associated with solar power, ensuring efficient utilisation and enabling round-the-clock availability of renewable energy.

These projects mark a significant step in GAIL’s transition towards achieving its net-zero goals, while aligning with India’s broader clean energy and decarbonisation targets.

Commenting on the development, GAIL Chairman and Managing Director Deepak Gupta said that the company’s installed renewable energy capacity is expected to increase substantially to over 1,000 MW from the current 147 MW upon commissioning of these projects. He added that the expansion reinforces GAIL’s strategy to balance growth with environmental responsibility and long-term energy security.

With this investment, GAIL continues to strengthen its position as an integrated energy major, expanding its footprint in the renewable segment while maintaining a balanced portfolio across conventional and green energy assets.

GAIL signs long-term charter agreement with Alpha Gas for LNG carrier

Business Desk — Tue, 07 Apr 2026 11:25:13 +0000

GAIL (India) Limited has entered into a long-term charter party agreement with Alpha Gas, a prominent Greek shipping company, for the LNG carrier ‘Energy Fidelity.’ The agreement was signed by Shri S Bairagi, Executive Director (Mktg. – Shipping & International LNG) of GAIL, and Ms. Anna Angelicoussis, Owner of Alpha Gas, at the company’s headquarters in Athens.

The LNG carrier ‘Energy Fidelity’ boasts a cargo capacity of 174,000 cubic meters and is equipped with a state-of-the-art two-stroke propulsion system. This system is enhanced by advanced air lubrication technology and shaft generators, which collectively improve fuel efficiency and significantly reduce emissions. The charter party agreement is a significant milestone for GAIL under the ‘Maritime Amrit Kaal Vision 2047’, aiming to strengthen India’s maritime infrastructure and energy supply chain capabilities.

GAIL (India) Limited is India’s leading natural gas company with diverse interests across the natural gas value chain, including trading, transmission, LPG production, LNG shipping, and petrochemicals. The company operates an extensive network of over 18,001 km of natural gas pipelines across India. In the LNG segment, GAIL has a large and diversified portfolio to ensure long-term supply security and is among the top global LNG portfolio marketers. The company has built the largest LNG fleet in India, enhancing the country’s maritime capabilities and ensuring uninterrupted LNG availability to meet growing domestic demand.

Alpha Gas, a leading Greek shipping company, offers comprehensive LNG ship management services, including technical management, commercial operations, and procurement. The company is known for its rich maritime heritage and modern operational excellence, focusing on high technology vessels with the latest energy efficiency innovations. Alpha Gas is committed to providing safe, innovative, and environmentally responsible solutions, supporting cleaner energy and fostering long-term value and partnerships for stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Suzlon secures sixth repeat order of 100 MW from GAIL

Business Desk — Tue, 24 Mar 2026 04:02:37 +0000

Suzlon Energy has announced the acquisition of its sixth repeat order from Gas Authority of India Limited (GAIL) for a wind energy project of approximately 100 MW. This marks Suzlon’s fourth order from a public sector undertaking (PSU) in the current fiscal year, following previous orders from NTPC, BPCL, and AMC. The project is set to be executed in the Nandurbar district of Maharashtra.

The order involves the installation of 47 state-of-the-art S120 wind turbine generators (WTGs), each with a rated capacity of 2.1 MW. Suzlon will not only supply these wind turbines but will also oversee equipment installation, project execution, and provide comprehensive operations and maintenance services post-commissioning.

Ajay Kapur, Chief Executive Officer of Suzlon Group, expressed satisfaction with the ongoing partnership with GAIL, which has spanned over 15 years. “We are happy to continue our strong relationship with GAIL, a valued partner for over 15 years and signing our sixth order together. We have worked over the years in Gujarat, Tamil Nadu, and Karnataka and are now extending this partnership with a maiden order in Maharashtra,” he stated.

Suzlon’s strategic focus on the PSU segment is evident as PSU and commercial and industrial (C&I) clients now constitute over 64% of its order book. The company re-entered the PSU segment two years ago with a 1.1 GW order from NTPC Limited.

The power generated from this project will support the decarbonisation of GAIL’s upcoming petrochemical plant in Nandurbar, Maharashtra. Suzlon’s significant presence in Maharashtra, with over 2.2 GW of installed capacity and a 38% market share, underscores its pivotal role in the state’s renewable energy sector.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

TruAlt Bioenergy secures Rs 130 million investment from GAIL for subsidiary Leafiniti

Business Desk — Thu, 19 Mar 2026 07:54:55 +0000

TruAlt Bioenergy Limited has announced a strategic investment of ₹130 million by GAIL (India) Limited in its subsidiary, Leafiniti Bioenergy Private Limited (LBPL). This move marks a significant advancement in TruAlt’s Compressed Biogas (CBG) portfolio and strengthens its role in India’s energy transition.

The investment is part of a Share Subscription-cum-Shareholders’ Agreement executed on August 11, 2025, under which GAIL will acquire a 49% equity stake in Leafiniti. GAIL is set to invest an aggregate amount of ₹13,54,32,150 (₹130 million) towards the subscription of equity shares in Leafiniti, with the capital earmarked for new CBG projects. Post-transaction, TruAlt will retain a 51% stake, while GAIL will hold 49%, reflecting a balanced and strategic partnership structure. The investment aligns with defined project approvals and governance mechanisms, ensuring disciplined capital allocation and phased scale-up of the clean gas portfolio.

This collaboration represents a significant milestone in India’s clean energy roadmap, combining TruAlt’s expertise in bioenergy production with GAIL’s extensive gas infrastructure and market reach. The joint venture will focus on establishing multiple greenfield CBG plants across Karnataka, Maharashtra, and Odisha, as part of a phased rollout designed to scale rapidly and deliver measurable environmental, economic, and social impact.

In its first phase, the joint venture will roll out six state-of-the-art greenfield plants, each with a capacity of 12 tonnes per day, primarily based on associated residues from sugar mills, delivering a combined annual output of 23,976 tonnes of CBG. This buildout is expected to create approximately 820 to 1,225 direct and indirect jobs, catalysing rural employment and economic activity. In addition to clean energy, the facilities will generate high-value agricultural inputs, including 97,902 tonnes of Fermented Organic Manure (FOM) and 4,70,862 tonnes of Liquid Fermented Organic Manure (LFOM) annually. This will improve soil health and strengthen circular agriculture, ensuring that farmers become active stakeholders and beneficiaries in India’s green energy transition.

From an environmental perspective, the JV’s first phase is projected to displace approximately 19,800 tonnes of fossil fuels annually and avoid 9,300 tonnes of methane emissions per annum, contributing meaningfully to India’s climate commitments, including its net-zero by 2070 vision.

Vijay Nirani, Founder & Managing Director of TruAlt Bioenergy, emphasised the strategic importance of the partnership, stating that it represents a decisive step towards institutionalising a vision of a distributed, circular energy ecosystem that is economically robust and environmentally restorative.

Rajeev Kumar Singhal, Director of Business Development at GAIL, highlighted the potential of CBG to reduce foreign exchange outflows and strengthen energy security against global price and supply shocks. He noted that the partnership between GAIL and TruAlt will leverage GAIL’s gas marketing expertise and pipeline network along with TruAlt’s access to feedstock and experience in operating CBG plants.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

GAIL acquires 49% stake in Leafiniti Bioenergy for Rs 13.54 crore

Kinjal — Wed, 18 Mar 2026 16:16:40 +0000

GAIL (India) has announced the acquisition of a 49% equity stake in Leafiniti Bioenergy Private Limited (LBPL) for a cash consideration of ₹13,54,32,150. LBPL, which operates a Compressed Bio Gas (CBG) plant with a capacity of 10.2 tonnes per day in Karnataka, reported a turnover of ₹28.42 crore for the financial year 2024-25.

The acquisition, which does not fall under related party transactions, is part of GAIL‘s strategic initiative to expand its footprint in the biofuel sector. The company plans to set up new CBG projects through its partnership with LBPL. The acquisition has received the necessary regulatory approvals from the Ministry of Petroleum and Natural Gas (MOPNG) and the Department of Investment and Public Asset Management (DIPAM).

The transaction involves the purchase of 1,35,43,215 equity shares at a face value of ₹10 per share. LBPL, incorporated in December 2021, specialises in the production of CBG using press mud and has shown significant growth in its turnover over the last three years, with ₹10.10 crore in FY 2023-24 and ₹9.29 crore in FY 2022-23.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

GAIL appoints Rohit Mathur as government nominee director

Business Desk — Tue, 10 Mar 2026 11:56:20 +0000

GAIL (India) has announced the appointment of Shri Rohit Mathur as a Government Nominee Director on its board, effective 9 March 2026. Mathur, who is currently serving as Joint Secretary (General) at the Ministry of Petroleum and Natural Gas, brings a wealth of experience from various government roles.

Mathur is a Mechanical Engineer from Thapar College of Engineering, Patiala, and holds a Master of Finance and Control from Delhi University. His previous roles include Director at the Ministry of Petroleum and Natural Gas, where he managed matters related to refineries, biofuels, petrochemicals, crude oil supply, and flagship programmes. He has also worked in the Ministries of Agriculture, Food Processing Industries, Finance, Biotechnology, and Health & Family Welfare.

GAIL confirmed that Mathur has no inter-se relationships with other directors of the company and is not debarred from holding the office of director by any statutory authority.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

GAIL signs MoU with RailTel to explore telecom and digital infrastructure opportunities

Business Desk — Mon, 09 Mar 2026 07:23:56 +0000

GAIL (India) Limited has signed a Memorandum of Understanding (MoU) with RailTel Corporation of India Limited to explore opportunities in the telecom and digital infrastructure sectors, according to a press release issued by the company.

The MoU was signed on March 5, 2026, as part of efforts by both public sector companies to collaborate on strengthening the country’s digital infrastructure ecosystem. The agreement was signed by S S Agrawal, Executive Director (O&M-CO), GAIL, and J S Marwah, Company Secretary and Group General Manager (Law), RailTel, in the presence of senior officials from both organisations.

The collaboration aims to leverage the infrastructure and technical capabilities of both companies to support India’s rapidly expanding digital connectivity requirements.

Commenting on the development, Deepak Gupta, Chairman and Managing Director of GAIL, said the partnership aligns with the company’s broader strategy of integrating energy and digital infrastructure.

“This partnership is fully in sync with our vision to integrate energy and digital infrastructure, leveraging the transformative potential of artificial intelligence (AI), all of which are pivotal to India’s development journey,” Gupta said.

Sanjai Kumar, Chairman and Managing Director of RailTel, said the collaboration would help strengthen India’s communication backbone.

“RailTel is committed to strengthening India’s digital backbone through robust and secure communication infrastructure. Our collaboration with GAIL will enable both organisations to combine their strengths in network infrastructure and technological capabilities to accelerate the expansion of reliable digital connectivity across the country,” Kumar said.

According to the companies, the strategic partnership will focus on improving the utilisation of infrastructure resources and accelerating initiatives aimed at enhancing the country’s digital connectivity framework.

This article is written by Business Desk and reviewed by News Desk before publication.

GAIL, RailTel sign MoU to strengthen India’s digital infrastructure and connectivity

Aman Shukla — Mon, 09 Mar 2026 07:08:05 +0000

State-run energy major GAIL (India) Limited has signed a Memorandum of Understanding (MoU) with telecom infrastructure provider RailTel Corporation of India Limited to collaborate on strengthening India’s digital infrastructure.

The agreement was signed on March 5, 2026, marking a strategic partnership aimed at expanding digital connectivity and improving communication infrastructure across the country.

The MoU was signed by S. S. Agrawal, Executive Director (O&M-CO) at GAIL, and J. S. Marwah, Company Secretary and GGM (Law) at RailTel, in the presence of senior leadership from both organisations. Key officials attending the signing included Rajeev Kumar Singhal, Director (Business Development) at GAIL, and Sanjai Kumar, Chairman and Managing Director of RailTel.

The collaboration focuses on leveraging the strengths of both companies to accelerate the development of India’s digital backbone. By combining GAIL’s extensive energy infrastructure network with RailTel’s expertise in telecom and digital connectivity, the partnership aims to create stronger and more reliable communication systems nationwide.

Chairman and Managing Director of GAIL, Deepak Gupta, stated that the partnership aligns with the company’s long-term strategy to integrate energy infrastructure with emerging digital technologies. The collaboration is also expected to utilise the transformative potential of artificial intelligence (AI) and advanced communication technologies to support India’s development journey.

RailTel CMD Sanjai Kumar highlighted that the company remains committed to strengthening India’s digital ecosystem through secure and robust communication infrastructure. According to him, the partnership will allow both organisations to combine their technological capabilities and network assets to accelerate the expansion of dependable digital connectivity across the country.

The strategic alliance is expected to support the government’s broader vision of building a strong digital ecosystem by enhancing communication frameworks, improving infrastructure utilisation, and expanding high-speed connectivity nationwide.

GAIL LNG supply hit by Force Majeure after Petronet LNG cuts allocation to zero

Aman Shukla — Thu, 05 Mar 2026 06:30:15 +0000

GAIL (India) Limited has informed stock exchanges that LNG supplies under its long-term contract with Petronet LNG Limited have been disrupted after the supplier issued a Force Majeure notice citing shipping constraints and regional tensions in the Middle East.

According to the company’s regulatory filing, Petronet LNG issued the Force Majeure notice on March 3, 2026, under the Gas Sale and Purchase Agreement with GAIL. The disruption stems from constraints faced by certain LNG vessels due to maritime navigation restrictions linked to the strategically important Strait of Hormuz during transit between India and Qatar. The situation has also reportedly been compounded by a possible shutdown at the liquefaction facility in Ras Laffan Industrial City.

Following the development, Petronet LNG has imposed supply restrictions and reduced the LNG allocation to GAIL under the contract to zero with effect from March 4, 2026. The move comes after Petronet LNG received communication from its upstream LNG supplier, QatarEnergy, which indicated the possibility of a Force Majeure event due to recent hostilities in the region.

GAIL stated that it is currently assessing the situation and evaluating whether any supply curtailment may be required for its downstream customers as a result of the disruption. The company noted that LNG supplies from other sources and suppliers remain unaffected for now, which may help cushion the immediate impact.

At present, the potential financial or operational impact of the ongoing Force Majeure situation cannot be quantified, as the developments continue to evolve. GAIL said it is closely monitoring the situation and will keep the stock exchanges informed of any material updates.

Top Q3 results today, January 31: IDFC First Bank, GAIL, Delhivery, Bharat Dynamics, Sun Pharma and more to announce earnings

Aman Shukla — Sat, 31 Jan 2026 02:47:42 +0000

More than 75 listed companies are scheduled to announce their Q3FY26 financial results today, January 31, making it one of the busiest earnings days of the quarter. Key names to watch include IDFC First Bank, GAIL (India), Delhivery, Bharat Dynamics, Sun Pharmaceutical Industries, Birla Corporation, Moschip Technologies and RR Kabel.

Below is the key list of companies scheduled to declare their Q3FY26 results on January 31:

3P Land Holdings,
Abhijit Trading Company,
Advanced Enzyme Technologies,
Affle 3I,
Agio Paper & Industries,
Alfa Transformers,
Arfin India,
Asit C Mehta Financial Services,
ASM Technologies,
BCL Enterprises,
Bharat Dynamics,
Belrise Industries,
Birla Corporation,
B P Capital,
Clean Science and Technology,
Creative Castings,
Cura Technologies,
Delhivery,
Eco Recycling,
Ellenbarrie Industrial Gases,
Finolex Industries,
GAIL (India),
Gokaldas Exports,
Garware Hi-Tech Films,
IDFC First Bank,
Meghmani Organics,
Moschip Technologies,
Reliance Infrastructure,
RR Kabel,
Stove Kraft,
Sun Pharmaceutical Industries,
Vinati Organics,
ZEN Technologies,
ZF Steering Gear India

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

GAIL and MOL sign long-term LNG carrier charter agreement

Aman Shukla — Wed, 28 Jan 2026 06:35:39 +0000

GAIL (India) Limited, India’s Maharatna public sector undertaking in the natural gas sector, has entered into a long-term charter agreement with Mitsui O.S.K. Lines Ltd (MOL), Tokyo, for a Liquefied Natural Gas (LNG) carrier named “GAIL BHUWAN.” The agreement was formally signed on 27 January 2026 during India Energy Week 2026 held in Goa, marking a significant step in strengthening India’s LNG shipping and energy logistics capabilities.

The charter agreement was signed by Shri S. Bairagi, Executive Director (International Shipping & LNG), GAIL, and Mr. Hisashi Umemura, Director General, Headquarters of Energy Business, MOL. The ceremony took place in the presence of the Chairman & Managing Director of GAIL, functional directors of GAIL, and senior dignitaries from MOL, underlining the strategic importance of the partnership.

GAIL and MOL share a long-standing business relationship, and this latest collaboration further deepens cooperation in LNG transportation and maritime energy logistics. The agreement has been executed between GAIL (India) Limited and LNG Japonica Shipping Corporation Limited, a joint venture in which GAIL holds a 26% stake and MOL holds 74%. The partnership leverages MOL’s proven expertise in LNG shipping, backed by high standards of safety, quality, and operational reliability.

This long-term charter aligns closely with India’s ‘Maritime Amrit Kaal Vision 2047’, reinforcing the country’s maritime infrastructure and ensuring resilience in the energy supply chain. The induction of “GAIL BHUWAN” into GAIL’s LNG fleet is expected to enhance supply security and support India’s growing natural gas demand, which continues to rise alongside economic growth and energy transition goals.

Both GAIL and MOL have set ambitious net zero emission targets, and the agreement contributes toward building a low-carbon and decarbonized society. By strengthening LNG shipping capabilities and optimizing logistics, the partnership supports cleaner fuel adoption and more efficient energy transportation.

GAIL (India) Limited remains India’s leading natural gas company with a diversified presence across the entire gas value chain, including trading, transmission, LPG production and transmission, LNG shipping, LNG re-gasification, petrochemicals, city gas distribution, and exploration and production. The company owns and operates over 18,001 km of natural gas pipelines across the country and manages a large, diversified LNG portfolio to ensure long-term supply security. As part of its logistics integration strategy, GAIL has built the largest LNG fleet in India, reinforcing uninterrupted LNG availability for domestic markets.

MOL, under its group management plan “BLUE ACTION 2035,” has identified Asia as a key growth region, with India playing a central role due to its strong economic momentum. Through continued expansion of its energy business and deeper collaboration with GAIL, the MOL Group aims to contribute to India’s transport and logistics infrastructure, supporting stable and reliable energy supplies, particularly in natural gas.

Top stocks to watch today, December 24: Federal Bank, Tata Steel, GAIL, Vikran Engineering, Zydus and more

Aman Shukla — Wed, 24 Dec 2025 02:32:17 +0000

Domestic equity markets are expected to witness stock-specific movement in Wednesday’s session, December 24, as several listed companies have announced acquisitions, large order wins, regulatory approvals, investments, and strategic partnerships.

Stocks to Watch Today – December 24

Emcure Pharmaceuticals received the Establishment Inspection Report (EIR) from the US FDA for its Kadu manufacturing facility in Gujarat.
Vikran Engineering secured a ₹2,035.26 Cr work order from Onix Renewables Ltd (SPV) for development of a 600 MW AC solar power project.
JD Cables Ltd won a ₹244 Cr EPC highway project in Jharkhand.
IRB Infrastructure Developers emerged as the preferred bidder for an NHAI project valued at ₹3,087 Cr in Odisha.
RPP Infra Projects received a port infrastructure EPC order worth ₹66.26 Cr.
Arisinfra Solutions secured an order valued at ₹35.0 Cr.
Tara Chand Infralogistic received a contract worth ₹27.7 Cr.
Soma Papers’ subsidiary bagged a ₹172.65 Cr education infrastructure project in Punjab.
Ajanta Pharma signed an in-licensing agreement with Biocon to market Semaglutide across 26 countries.
Info Edge’s arm Redstart Labs to invest ₹46.81 Cr in Unbox Robotics Labs.
Federal Bank received CCI approval for Blackstone’s proposed stake acquisition.
Tata Steel got CCI approval for acquisition of Tata BlueScope Steel stake.
Supreme Petrochem clarified that operations at its Amdoshi plant in Maharashtra are continuing.
Rulka Electricals announced new orders aggregating ₹2.43 Cr from multiple clients.
Sahaj Solar executed a RESCO model agreement with UPNEDA, including 25-year O&M for 200–2000 kW systems.
GAIL signed an MoU with the Chhattisgarh government to study a greenfield gas-based fertiliser and urea project.
Coal India board gave in-principle approval for listing of subsidiaries South Eastern Coalfields and Mahanadi Coalfields.
HCL Technologies joined the Microsoft Discovery Platform to support research innovation.
Canara HSBC Life Insurance entered into a bancassurance partnership with ESFB.
Radico Khaitan launched Kohinoor Reserve Indian Dark Rum in India.
Zydus Lifesciences partnered with Bioeq to introduce affordable eye-care solutions in the US.
Belrise Industries entered a 3-year exclusive teaming and strategic agreement with Israel-based Plasan SASA.
Take Solutions is developing an AI-driven diagnostic and preventive care platform for India.
Monte Carlo Fashions was awarded a 35 MW AC solar PV project by MPUVNL.
Pace Digitek announced expansion into defence and aerospace through a new subsidiary.
EPACK Durable approved setting up a new manufacturing facility in Bhiwadi for air cooler production.
Deepak Fertilisers subsidiaries received income tax demand orders for multiple assessment years.
Borosil Renewables’ German arm Geosphere filed for voluntary insolvency.
Brookfield India REIT raised ₹2,000 Cr through sustainability-linked bonds anchored by IFC.
TCS board to meet on January 12, 2026, to approve Q3 FY26 results and consider an interim dividend.
Adani Ports completed the acquisition of North Queensland Export Terminal in Australia.
Reliance Industries had its AAA credit rating reaffirmed by India Ratings with a stable outlook.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

GAIL (India) signs moU with Chhattisgarh Government for greenfield gas-based fertilizer project

Aman Shukla — Tue, 23 Dec 2025 10:05:53 +0000

GAIL (India) Limited has taken a significant step toward expanding India’s fertilizer manufacturing capacity by entering into a non-binding Memorandum of Understanding with the Government of Chhattisgarh for the development of a greenfield gas-based fertilizer project in the state.

The MoU was signed in the presence of Chhattisgarh Chief Minister Vishnu Deo Sai, marking an important collaboration between the state government and one of India’s leading natural gas companies. The agreement was formalised by Rajat Kumar, Secretary (Commerce & Industries), Government of Chhattisgarh, and Rajeev Kumar Singhal, Director (Business Development) at GAIL.

Under the terms of the MoU, GAIL will conduct detailed techno-economic feasibility studies for setting up a urea manufacturing plant with an annual capacity of 12.7 lakh metric tonnes. The proposed facility is planned to be strategically located along GAIL’s Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline corridor, a key gas transmission route that ensures reliable feedstock availability for large-scale industrial projects.

Based on the outcome of the techno-economic evaluation, GAIL will take an investment decision on the establishment of the fertilizer plant. The project, if approved, is expected to strengthen domestic urea production, reduce dependence on imports, and support India’s broader goals of agricultural self-sufficiency and energy-linked industrial development.

The Government of Chhattisgarh has committed to providing comprehensive facilitation throughout the project lifecycle. This includes support for feasibility studies, identification and allocation of suitable land parcels, coordination with state and central government authorities, assistance with statutory approvals, and development of enabling infrastructure required for timely project execution.

GAIL signs Tripartite Concession agreement to set up compressed BioGas plant in Bengaluru

Aman Shukla — Fri, 17 Oct 2025 07:16:21 +0000

GAIL (India) Limited is taking a big step towards green energy and sustainable waste management in Bengaluru. On October 16, 2025, the company signed a Tripartite Concession Agreement with the Greater Bengaluru Authority (GBA) and Bengaluru Solid Waste Management Limited (BSWML) to set up a Compressed BioGas (CBG) plant in Haralakunte Village, Bengaluru South Taluk. The signing ceremony was graced by the Hon’ble Deputy Chief Minister of Karnataka, Shri D. K. Shivakumar.

Under this agreement, GBA will provide 18 acres of land on a permissive use basis, while BSWML will supply 300 tons of segregated municipal solid waste every day. This waste will be transformed into 12.6 tons of CBG daily—clean, renewable fuel that supports India’s green energy goals. On top of that, the plant will produce about 22 tons of Fermented Organic Manure (FOM) daily, contributing to sustainable agriculture and promoting a circular economy.

The agreement is set to run for 25 years from the commissioning of the plant, ensuring a long-term positive impact on both the environment and the local community.

GAIL shares jump over 2% as Nomura maintains ‘Buy’ rating with Rs 225 target price

Aman Shukla — Thu, 11 Sep 2025 03:55:26 +0000

Shares of GAIL (India) rose more than 2% following brokerage firm Nomura’s reaffirmation of its buy rating, with a target price of ₹225 per share. As of 9:24 AM, the shares were trading 2.07% higher at Rs 177.50.

Nomura highlighted that a potential tariff hike could provide a significant boost to GAIL’s earnings. The company has requested the Petroleum and Natural Gas Regulatory Board (PNGRB) to approve a 33 percent increase in its integrated tariff to ₹78 per mmbtu. This request comes mainly due to higher costs of substitute gas consumed by compressors in pipeline operations after the allocation of administered price mechanism (APM) gas was progressively reduced to zero. Additionally, the regulator’s recent capacity determination for GAIL’s integrated pipeline was lower than previous estimates.

The brokerage expects PNGRB to approve a tariff increase to around ₹70 per mmbtu, translating into a 19.5 percent rise, which could take effect from April 2026. If implemented, this is likely to drive a 42 percent year-on-year increase in gas transmission EBIT for FY27, while consolidated EBIT for the group could rise by 24 percent.

Nomura also noted that GAIL’s petrochemicals segment, which has been under pressure, could start showing signs of recovery from FY27, adding further support to long-term earnings prospects. With the potential tariff revision and steady gas demand, GAIL is well-positioned for a possible rerating in the medium term.

GAIL to acquire 49% stake in Leafiniti Bioenergy for new compressed bio gas projects

Aman Shukla — Mon, 11 Aug 2025 17:19:49 +0000

GAIL (India) Limited has entered into a significant agreement to acquire a 49% stake in Leafiniti Bioenergy Private Limited (LBPL), marking a strategic move to expand its presence in the renewable energy sector. The agreement, signed on August 11, 2025, is subject to the completion of certain conditions precedent and approval from the Department of Investment and Public Asset Management (DIPAM).

Currently, LBPL is a wholly owned subsidiary of TruAlt Bioenergy Limited (TBL), and once the transaction is complete, TBL and GAIL will hold 51% and 49% stakes respectively. This partnership aims to develop new Compressed Bio Gas (CBG) projects through LBPL, supporting India’s growing focus on clean and sustainable energy.

As part of the agreement, the board of LBPL will consist of four directors, equally nominated by GAIL and TBL. The chairmanship of the board will rotate every three years between the two shareholders, with GAIL nominating the first chairman. Leadership roles will include a CEO nominated by LBPL and a CFO nominated by GAIL. The agreement grants GAIL the right to participate in any fresh share issuances proportional to its shareholding, along with affirmative voting rights on any changes to the company’s share capital structure. Additionally, GAIL has been accorded protective rights such as the Right of First Refusal and Tag Along rights in case TBL decides to sell its equity to a third party. A lock-in period of five years from the closing date, or three years from the commissioning of six CBG projects, whichever is earlier, ensures stability for this partnership.

This transaction is not related to any promoter or promoter group companies and has been conducted at arm’s length, maintaining transparency and strong corporate governance. The deal underscores GAIL’s commitment to diversifying its energy portfolio and investing in sustainable fuel alternatives. By joining hands with LBPL, GAIL aims to contribute to India’s renewable energy goals through innovative bioenergy solutions.

GAIL maintains FY26 marketing guidance of Rs 4,000–4,500 crore, plans major expansion in CNG and PNG network

Aman Shukla — Tue, 29 Jul 2025 06:09:06 +0000

GAIL (India) Ltd, during its latest earnings call, reaffirmed its marketing guidance for FY26 in the range of ₹4,000 crore to ₹4,500 crore. The company also outlined significant expansion plans in both compressed natural gas (CNG) and domestic piped natural gas (PNG) segments over the next two years.

GAIL aims to add 85 new CNG stations on its own in the coming 24 months. When combined with its joint ventures, the total planned addition rises to 216 new CNG stations during the same period. The company is also targeting the addition of around 2.6 lakh new domestic PNG (piped natural gas) connections, marking a significant push in expanding access to clean fuel across urban and semi-urban households.

In terms of natural gas transportation, GAIL is expected to add 127 to 128 million standard cubic meters per day (mscmd) of new transmission capacity in FY26. This expansion comes as India continues to focus on cleaner energy solutions, with gas playing a central role in the energy transition roadmap.

Top Q1 Results Today, July 28: IndusInd Bank, Bharat Electronics, Mazagon Dock, Adani Green Energy, GAIL and more to announce earnings

Aman Shukla — Mon, 28 Jul 2025 02:45:24 +0000

As the earnings season continues to gain momentum, as many as 92 companies are scheduled to report their Q1 FY26 results on Sunday, July 28, 2025, offering insights into their performance for the April–June quarter. This marks the first quarterly update for these firms in the financial year 2025–26.

Investors, analysts, and market watchers will closely track key financial metrics such as revenue, profit after tax (PAT), operating margins, EBITDA, and forward guidance. With global and domestic macro conditions continuing to evolve, these earnings will help set the tone for sectoral and market sentiment in the near term.

Major Companies Reporting Q1FY26 Results on July 28

Some of the more prominent names releasing their results include:

Bharat Electronics Ltd
Adani Green Energy Ltd
Torrent Pharmaceuticals Ltd
GAIL (India) Ltd
Mazagon Dock Shipbuilders Ltd
Waaree Energies Ltd
NTPC Green Energy Ltd
Adani Total Gas Ltd
IndusInd Bank Ltd
Nippon Life India Asset Management Ltd
Ajanta Pharma Ltd
Go Digit General Insurance Ltd
Piramal Pharma Ltd
Motherson Sumi Wiring India Ltd
KEC International Ltd
Five-Star Business Finance Ltd
Paradeep Phosphates Ltd
Gravita India Ltd
Railtel Corporation of India Ltd
Vijaya Diagnostic Centre Ltd

Apart from these large- and mid-cap companies, a wide range of small-cap, emerging, and sector-specific firms are also slated to release their Q1FY26 numbers. Here is a broader list of some other companies reporting on July 28:

CarTrade Tech Ltd, TTK Prestige Ltd, JK Paper Ltd, Laxmi Organic Industries Ltd, Astec Lifesciences Ltd, Quess Corp Ltd, Shankara Building Products Ltd, Snowman Logistics Ltd, TRF Ltd, and many more.

With so many announcements on a single day, July 28 will be a significant date for market participants tracking Q1 performance and forward-looking indicators.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

GAIL signs 15-year gas sale and purchase agreement with Oil India

Aman Shukla — Wed, 09 Jul 2025 15:58:59 +0000

GAIL (India) Limited has signed a 15-year extension of its Gas Sale and Purchase Agreement with Oil India Limited (OIL), starting from July 1, 2025. Under this deal, OIL will supply up to 900,000 SCMD of natural gas from its Bakhri Tibba block in Rajasthan, covering Dandewala, Tanot, and Bagi Tibba fields.

The agreement was signed in New Delhi by Shri Sumit Kishore, ED (Marketing-Gas), GAIL, and Shri Ranjan Goswami, ED (BD), OIL. The gas will be used by Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for power generation, helping meet the region’s growing energy needs.

This move reflects the shared commitment of both Maharatna CPSEs to strengthening domestic energy availability and promoting energy security. GAIL, with its massive 16,421 km gas pipeline network, currently transmits over 127 MMSCMD of gas and continues to expand its infrastructure.

Apart from its pipeline operations, GAIL runs a large petrochemical plant at Pata, holds a strong LNG portfolio of 16.56 MMTPA (around 60 MMSCMD), and commands a significant presence in the City Gas Distribution market. It is also actively expanding into renewable energy sources like solar, wind, and biofuels.

GAIL shares rise over 1% today as Jefferies maintains “Buy” rating with 34% upside – Check target price

Aditya Bhagchandani — Fri, 27 Jun 2025 04:27:40 +0000

Shares of GAIL (India) Ltd gained 1.08% on Friday, June 27, trading at ₹188.81 on the NSE. The stock’s upward move comes after Jefferies released a bullish note on GAIL, maintaining a ‘Buy’ rating and projecting up to 34% upside from potential tariff hikes.

According to Jefferies, the Petroleum and Natural Gas Regulatory Board (PNGRB) is likely to announce the final unified tariff order at its upcoming board meeting. GAIL has proposed a 33% increase in unified tariff to ₹78/mmbtu.

Jefferies expects around a 10% tariff hike but noted that GAIL is hopeful for a ~20% increase, driven by a 6% reduction in the assessed capacity of its unified pipeline, which could enhance tariff realizations.

Financially, a 10% or 20% tariff hike could lift GAIL’s transmission EBITDA by 13% or 26%, respectively, for FY27E, while Return on Capital Employed (ROCE) could improve to 10-12% from the current 8%.

As of now, Jefferies continues to maintain its ‘Buy’ rating on GAIL, citing tariff revision as a key near-term trigger.

GAIL becomes first Maharatna PSU to go live with SAP S/4HANA on Cloud

Aditya Bhagchandani — Thu, 26 Jun 2025 09:42:50 +0000

Shares of GAIL (India) Limited are expected to remain in focus on Wednesday, June 26, after the company announced a significant digital transformation milestone. GAIL has become the first Maharatna PSU to successfully go live with SAP’s “RISE with SAP – S/4HANA on Cloud” platform.

The formal go-live event took place on June 25, 2025, and was led by Chairman and Managing Director Sandeep Kumar Gupta along with key members of the leadership team and senior SAP officials. The digital initiative, named “Navodaya,” marks GAIL’s transition from its legacy ECC system to the next-generation cloud-based ERP system.

Company management highlighted that the migration, completed within one year, will enhance operational efficiency, scalability, and agility. The new platform will allow GAIL to leverage AI, machine learning, and advanced automation tools to strengthen its IT infrastructure for future growth.

GAIL’s Director (Finance) R.K. Jain emphasized that the move is not just about technology but about building a smarter and more resilient organization. SAP India’s MD Manish Prasad noted that the implementation will help GAIL unlock new levels of efficiency and drive its AI-led transformation journey.

Investors are likely to track the stock’s movement today following this development.

GAIL nears completion of Pradhan Mantri Urja Ganga natural gas pipeline project

Aman Shukla — Thu, 10 Apr 2025 04:41:49 +0000

GAIL (India) Limited has recently informed exchanges that the company completed over 97.6% of the Jagdishpur–Haldia–Bokaro–Dhamra Pipeline (JHBDPL), also known as the “Pradhan Mantri Urja Ganga” project. Of this, 96.6% of the pipeline is already under commercial operation.

The integrated JHBDPL, including the Barauni–Guwahati Pipeline, spans an authorized length of 3,306 km and traverses the states of Uttar Pradesh, Bihar, Jharkhand, Odisha, West Bengal, and Assam. As of now, 3,227 km of pipeline has been laid, and 3,119 km has been commissioned for commercial use. Operational sections include Phulpur–Dobhi–Bokaro–Durgapur, Bokaro–Angul–Dhamra, and Dobhi–Barauni–Guwahati.

Currently, the pipeline supplies 12.26 Million Standard Cubic Meters per Day (MMSCMD) of natural gas. It serves four fertilizer plants, two refineries (Barauni and Paradip), multiple industrial units, and 32 City Gas Distribution (CGD) networks, including cities such as Varanasi, Patna, Ranchi, Jamshedpur, Bhubaneswar, Cuttack, and Kolkata.

In the Durgapur–Haldia section (294 km), 132 km up to Kolkata is operational. Of the remaining 162 km to Haldia, 103 km of pipeline has been laid. GAIL is also developing the Dhamra–Haldia section, with an authorized length of 240 km, out of which 198 km has been laid.

Due to limited availability of Right of Use (RoU), the completion timeline for the remaining portions of the Durgapur–Haldia and Dhamra–Haldia sections has been revised from March 2025 to December 2025.

Once completed, the expanded pipeline will enable gas supply to the Haldia refinery, City Gas Distribution networks in Howrah, Hooghly, Purba Medinipur, Paschim Medinipur, and other industrial consumers along the route.

GAIL receives PNGRB nod to increase DUPL-DPPL pipeline capacity to 22.5 MMSCMD

Aditya Bhagchandani — Wed, 26 Mar 2025 05:22:42 +0000

GAIL (India) Ltd announced on Tuesday, March 26, that it has received regulatory approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) to augment the capacity of its Dahej-Uran-Dabhol-Panvel (DUPL-DPPL) natural gas pipeline network.

The approved enhancement raises the pipeline capacity from the existing 19.9 million metric standard cubic metres per day (MMSCMD) to 22.5 MMSCMD. This development is expected to support GAIL’s business growth as demand for natural gas continues to rise across industrial and urban segments.

The approval is valid for three years from the date of communication, according to the filing submitted to the BSE and NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015. There is no penalty or suspension associated with this regulatory update, and GAIL stated that it would inform the stock exchanges of any monetary impact or further developments.

GAIL continues to play a pivotal role in India’s gas infrastructure, and this move aligns with its broader strategy to strengthen pipeline connectivity and boost natural gas distribution capabilities.

GAIL partners with Coal India to set up Coal-to-SNG project under new JV firm Coal Gas India

Aditya Bhagchandani — Tue, 25 Mar 2025 09:59:04 +0000

Gas major GAIL (India) Ltd has announced the incorporation of a new joint venture company with Coal India Ltd (CIL) to establish a Coal-to-Synthetic Natural Gas (SNG) project under the name Coal Gas India Limited. The new entity was officially incorporated on March 25, 2025.

According to the company’s regulatory filing, the authorised share capital of the new JV stands at ₹11 crore, with an initial paid-up capital of ₹1 lakh. Coal India holds a majority 51% stake, contributing ₹51,000, while GAIL holds the remaining 49%, investing ₹49,000.

The key objective of the joint venture is to set up infrastructure for producing synthetic natural gas from coal and utilise the output for various industrial and energy needs. This includes manufacturing organic and inorganic compounds, establishing coal processing plants, coal mining operations, and related infrastructure in India or abroad.

The project has received all necessary clearances, including approvals from the Ministry of Coal, DIPAM, and NITI Aayog, according to a letter dated February 19, 2024.

GAIL’s investment in the venture will be made through cash consideration, with the shares priced at ₹10 each.

The formation of this JV marks a strategic step in India’s energy transition plan, with a focus on alternate cleaner fuels such as synthetic gas derived from coal. The new company, Coal Gas India Ltd, will operate entirely in India.

GAIL shares rally over 6% as PNGRB seeks feedback on proposed gas tariff reforms

Aditya Bhagchandani — Mon, 24 Mar 2025 03:58:27 +0000

Shares of GAIL (India) Limited surged over 6% to ₹185.66 in Monday’s trade after the Petroleum and Natural Gas Regulatory Board (PNGRB) initiated the process to amend the Natural Gas Pipeline Tariff Regulations, 2008. The move comes after the board received requests and suggestions from the Industry Committee regarding the tariff framework.

PNGRB has now invited public comments on the proposed amendments by April 11. These changes aim to bring more flexibility in tariff structures through updated cost pass-through mechanisms and volume-based assumptions. If finalized by June 2025, the reforms could lead to higher transmission tariffs, directly benefiting major gas transmission players like GAIL and GSPL.

According to CLSA, the proposed tariff structure could act as a catalyst for transmission companies, enabling better margins and revenue visibility. The reforms are also expected to boost natural gas adoption in India from 6% to 15% of the energy mix.

However, the brokerage also noted that while the move may slightly increase input costs for certain industrial users like Gujarat Gas, it could lower opex for city gas distributors such as Indraprastha Gas and Mahanagar Gas.

GAIL, with a market cap of ₹1.22 trillion, is among the largest gas transmission firms in the country and stands to gain significantly from these regulatory changes.

GAIL and Accelera™ by Cummins sign MoU to drive India’s green energy transition

Aman Shukla — Fri, 14 Feb 2025 05:16:28 +0000

GAIL (India) Limited, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, has signed MoU with Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc., to accelerate India’s transition towards sustainable energy. The Memorandum of Understanding (MoU) was signed at India Energy Week 2025, marking a significant step in advancing green energy initiatives.

The collaboration will leverage Accelera’s expertise in new energy solutions and GAIL’s extensive natural gas infrastructure to explore opportunities in hydrogen production, blending, transportation, and storage. GAIL has already advanced its Net Zero targets from 2040 to 2035, reinforcing its commitment to sustainability.

Cummins Inc., a global leader in power solutions, offers a diverse portfolio, including advanced diesel, natural gas, electric, hybrid powertrains, hydrogen production technologies, and fuel cell solutions. This expertise aligns with GAIL’s initiatives in clean energy, including the commissioning of a 10 MW Green Hydrogen unit in Madhya Pradesh in 2024 using Accelera’s electrolyzer. GAIL has also conducted successful hydrogen blending pilots in Indore’s CGD network, scaling up from 2% to 5% in PNG.

In its energy transition efforts, GAIL has established a 5 TPD compressed biogas (CBG) plant in Ranchi, with plans for 26 more across India in the next three to four years. It has also formed joint ventures for ethanol production and synthetic natural gas in Rajasthan and West Bengal.

GAIL shares up nearly 4% as Q3 net profit surges 28% YoY to Rs 3,193 crore

Aditya Bhagchandani — Fri, 31 Jan 2025 04:21:20 +0000

GAIL (India) Limited posted a 28% year-on-year (YoY) increase in consolidated net profit for Q3 FY25, reaching ₹4,084 crore, compared to ₹3,193 crore in the corresponding quarter last year. Revenue from operations grew 6.23% YoY to ₹36,937 crore, up from ₹34,768 crore, driven by an increase in gas marketing volumes and higher LHC sales.

Operating performance

Despite the strong profit growth, GAIL’s EBITDA declined 24.2% quarter-on-quarter (QoQ) to ₹2,837.8 crore, down from ₹3,745 crore in Q2 FY25, while EBITDA margins fell to 8.1% from 11.4% in the previous quarter. Natural gas transmission volume declined to 125.93 MMSCMD from 130.63 MMSCMD in Q2, whereas gas marketing volume improved to 103.46 MMSCMD from 96.60 MMSCMD. LHC sales increased to 282 TMT from 253 TMT, while polymer sales slightly declined to 221 TMT from 226 TMT.

Exceptional income boost

GAIL reported an exceptional income of ₹2,440 crore, resulting from a $285 million settlement with SEFE Marketing & Trading Singapore Pte. Ltd. following the withdrawal of arbitration proceedings related to LNG supply disputes. This settlement provided a boost to PAT, offsetting weakness in natural gas marketing earnings.

Dividend declaration

The company declared an interim dividend of ₹6.50 per equity share, totaling ₹4,273.81 crore, further rewarding investors despite margin pressures.

Brokerage updates

Brokerages remain divided on GAIL’s outlook, citing earnings volatility in gas marketing and commodity price fluctuations:

Nuvama downgraded the stock to ‘Reduce’ and cut its target price to ₹159, citing persistent volatility in gas marketing earnings and lower FY26 guidance. The brokerage noted a Q3 EBITDA miss in natural gas marketing and lowered FY26E/27E EPS estimates by 12% each.
Emkay maintained a ‘Buy’ rating with a target price of ₹220, highlighting that marketing saw a major miss, but the stock remains attractively valued. Adjusted EBITDA came in 51% below expectations, largely due to commodity volatility and gas supply shortfalls.

Stock performance

GAIL’s stock rose 3.69% to ₹173.27, hitting an intraday high of ₹173.40 and a low of ₹167.15. The stock’s 52-week range is ₹163.35 – ₹246.30, with a market capitalization of ₹1.14 trillion.

Management commentary

Sandeep Kumar Gupta, Chairman and Managing Director, acknowledged that Q3 EBITDA and margins fell short of projections, but emphasized that the company’s fundamentals remain strong. He highlighted the impact of the SEFE settlement, which provided a one-time boost to profit despite operational challenges.

Disclaimer

The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

GAIL Q3 FY25 Results: Revenue up 2% YoY to Rs 34,958 crore, Net Profit jumps 36% YoY; announces Rs 6.50 interim dividend

Aditya Bhagchandani — Thu, 30 Jan 2025 08:53:12 +0000

GAIL (India) Limited reported its financial performance for Q3 FY25, posting a 2% year-on-year (YoY) increase in revenue from operations, which stood at Rs 34,958 crore compared to Rs 34,234 crore in Q3 FY24. Total income for the quarter increased to Rs 35,707 crore, up from Rs 35,065 crore YoY, driven by higher gas sales and improved operational performance. Sequentially, revenue saw a 7% growth from Rs 32,930 crore in Q2 FY25.

The company’s total expenses for the quarter stood at Rs 33,119 crore, marginally lower compared to Rs 33,371 crore in Q3 FY24. Profit before tax (PBT) for the quarter surged to Rs 5,029 crore from Rs 3,694 crore in the same quarter last year. Net profit after tax for the quarter increased by 36% YoY to Rs 3,867 crore, compared to Rs 2,842 crore in Q3 FY24. Sequentially, net profit witnessed a 45% rise from Rs 2,672 crore in Q2 FY25.

GAIL also announced an interim dividend of Rs 6.50 per equity share (65%) for the financial year 2024-25, with the record date fixed for February 7, 2025. The dividend payment is expected to provide substantial returns to shareholders, showcasing the company’s commitment to sharing profits.

Key expense components included the purchase of stock-in-trade, which stood at Rs 28,024 crore, and employee benefits expense at Rs 528 crore. Depreciation expenses were Rs 832 crore for the quarter.

With a robust quarterly performance, GAIL remains optimistic about sustaining growth through strategic investments and operational efficiencies across its gas transmission and petrochemical businesses.

Key Financial Highlights:

Revenue from operations: Rs 34,958 crore (up 2% YoY from Rs 34,234 crore, 7% QoQ from Rs 32,930 crore)
Total income: Rs 35,707 crore (up 2% YoY from Rs 35,065 crore)
Total expenses: Rs 33,119 crore (compared to Rs 33,371 crore YoY)
Profit before tax: Rs 5,029 crore (up 36% YoY from Rs 3,694 crore)
Net profit: Rs 3,867 crore (up 36% YoY from Rs 2,842 crore, 45% QoQ from Rs 2,672 crore)

Dividend Announcement: GAIL declared an interim dividend of Rs 6.50 per share, with February 7, 2025, set as the record date for eligible shareholders.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

RailTel secures Rs 10.65 crore order from GAIL for MPLS and leased line services

Aditya Bhagchandani — Wed, 04 Dec 2024 13:19:23 +0000

RailTel Corporation of India Limited has received a significant order from GAIL (India) Limited valued at ₹10.65 crore (₹10,64,74,420, including tax). The contract involves providing MPLS (Multi-Protocol Label Switching) and Point-to-Point Leased Line Links for various GAIL locations.

The project is set to be completed by February 11, 2025, ensuring seamless and secure connectivity for GAIL’s operations. RailTel confirmed that this is a domestic contract and does not involve any related party transactions. The work order was officially received on December 3, 2024, at 6:50 PM.

Key Details of the Order:

Nature of Work: MPLS and Point-to-Point Leased Line Connectivity
Order Value: ₹10.65 crore (including tax)
Completion Deadline: February 11, 2025
Entity Awarding the Order: GAIL (India) Limited
Domestic Contract: Yes
Related Party Transactions: None reported
Order Receipt Date: December 3, 2024

This development further strengthens RailTel’s position as a leading provider of connectivity solutions in India, catering to critical infrastructure needs across the country.

GAIL stock jumps 2% as Jefferies reiterates ‘Buy’ call with target price of Rs 235

Aman Shukla — Wed, 04 Dec 2024 04:34:10 +0000

GAIL India Ltd (GAIL) shares saw a rise of over 2% following a positive update from Jefferies. The brokerage has reiterated its ‘Buy’ rating on GAIL with a revised target price of ₹235, down from ₹240.

The investment firm sees strong growth for GAIL, driven by rising domestic natural gas demand, new production initiatives, long-term LNG contracts, and expanding pipeline infrastructure. Two key pipeline projects, set to be completed by FY26, are expected to boost transmission volumes.

Jefferies also anticipates a potential tariff hike by March 2025 and strong trading profitability in the second half of FY25, driven by favorable market conditions. With an expected 9% EBITDA CAGR from FY24 to FY27, GAIL is well-positioned to capitalize on India’s energy transition.

GAIL shares opened at ₹201.60, reaching a high of ₹204.95 and a low of ₹201.37. The stock is currently trading near its 52-week high of ₹246.30 and well above its low of ₹134.85.

As of 10:03 am, GAIL shares were trading 2.36% higher at Rs 204.70 on the NSE.

GAIL re-engages INEOS to revive Mangalore PTA manufacturing plant

Aman Shukla — Thu, 28 Nov 2024 06:42:36 +0000

GAIL (India) Limited, through its wholly owned subsidiary, GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with INEOS to revitalize the Purified Terephthalic Acid (PTA) manufacturing plant in Mangalore. This collaboration, formalized through an Amendment Agreement, marks a significant step in bringing GMPL’s 1.25 MMTPA PTA plant back into operation, located in the Special Economic Zone (SEZ) of Mangalore.

The agreement is a vital part of the plant’s revival journey, which was previously hindered by insolvency proceedings involving JBF Petrochemicals (JBF). After GAIL acquired JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, efforts have been focused on overcoming legacy challenges to ensure the plant’s long-term stability and successful operation.

With this new agreement in place, the PTA plant is set to enhance its operational efficiency, meet market demand, and contribute to India’s self-reliance goals under the Atmanirbhar Bharat initiative. The collaboration with INEOS will play a crucial role in aligning production capabilities with market needs, ensuring the plant’s success and sustainability.

GMPL and GAIL Director (HR) Shri Ayush Gupta stated, “Through this strategic partnership and renewed focus, GAIL aims to position GMPL as a key player in the domestic PTA market while supporting the country’s growth in petrochemical manufacturing.”

GAIL (India)’s market cap rises by Rs. 5,179 crore as shares climb 4.09%

Aditya Bhagchandani — Mon, 25 Nov 2024 04:56:06 +0000

Shares of GAIL (India) Limited surged 4.09% to Rs. 200.48 during the latest trading session, boosting its market capitalization by approximately Rs. 5,179 crore. The total market cap now stands at Rs. 1,31,804.45 crore.

Key Highlights:

Market Cap Increase: Rs. 5,179 crore
Current Market Cap: Rs. 1,31,804.45 crore
Stock Price Movement: Up 4.09% to Rs. 200.48
Trading Volume: 46.89 lakh shares
Traded Value: Rs. 93.60 crore
52-Week Range: High of Rs. 246.30 and low of Rs. 123.65

The strong performance underscores GAIL’s solid position in the natural gas and petrochemical sectors, with investor sentiment reflecting optimism about its growth trajectory.

GAIL wins SAP ACE Best Financial Transformation Award for the second consecutive year

Aditya Bhagchandani — Mon, 18 Nov 2024 06:03:23 +0000

GAIL (India) Limited has achieved a remarkable milestone by winning the SAP ACE Award 2024 for Best Financial Transformation, marking the second year in a row the company has earned this recognition. The accolade highlights GAIL’s outstanding efforts in digitally transforming its trust accounting processes through the implementation of SAP Treasury and Risk Management (TRM), demonstrating leadership in financial innovation and operational excellence.

Key Highlights:

Award Acceptance:
- The award was received by Shri R K Jain, Director (Finance) of GAIL, who expressed gratitude for the recognition. He stated:
  
  “It is a great honour and privilege to receive this prestigious award. We have always been committed to empowering stakeholders in every possible way.”
Innovation in Trust Accounting:
- GAIL introduced a unique trust accounting solution using SAP TRM, Fiori, Workflow, and Adobe Forms. This solution addressed inefficiencies in trust business accounting, ensuring:
  - Automatic interest calculations
  - Real-time reconciliation
  - Streamlined PF and pension updates
  - Effortless approvals through advanced workflows
  - Enhanced compliance and document management
Industry Benchmark:
- The SAP ACE Awards recognize IT excellence and digital transformation, setting a benchmark for the best practices among businesses and government organizations in India.

Impact:

GAIL’s innovative solution has not only improved operational efficiency but has also set a new standard for trust accounting systems in Public Sector Undertakings (PSUs) and government organizations. By leveraging cutting-edge SAP solutions, GAIL continues to contribute significantly to the digital transformation of India’s economy.

GAIL signs 10-year LNG agreement with ADNOC Gas

Aman Shukla — Thu, 14 Nov 2024 12:39:38 +0000

GAIL (India) Limited has recently informed exchanges that the company signed a 10-year Sales and Purchase Agreement (SPA) with ADNOC Gas to deliver up to 0.52 million metric tonnes per year (MMTPA) of liquefied natural gas (LNG) beginning in 2026. This is ADNOC Gas’ first SPA with an Indian buyer.

Under the agreement, LNG will be delivered in six cargoes annually from ADNOC Gas’ Das Island facility, a major natural gas production site with a processing capacity of 6.0 MMTPA. It is the world’s third-longest operational LNG facility.

Mr Kumar, Director (Marketing), GAIL stated, “India is witnessing a growing demand for LNG to meet its increasing natural gas demand in a diversified sectoral pattern. GAIL plans to significantly increase its term LNG portfolio in the coming years to meet this rising demand. This SPA with ADNOC Gas is a crucial step in this direction, enabling GAIL to augment its existing LNG portfolio to better serve its diverse consumer base.”

GAIL India’s market cap declines by Rs 4,613 crore as stock drops 3.46%

Aditya Bhagchandani — Tue, 12 Nov 2024 08:21:37 +0000

GAIL (India) Limited experienced a significant drop in its stock price on November 12, 2024, with shares trading at Rs 195.90, down by 3.46%. This decline led to a decrease in the company’s market capitalization, which now stands at Rs 1,28,825.93 crore.

Key Trade Details:

Opening Price: Rs 203.00
Day’s High: Rs 205.20
Day’s Low: Rs 195.10
Last Traded Price: Rs 195.90 (down by Rs 7.03 or 3.46%)
Total Market Cap: Rs 1,28,825.93 crore
Free Float Market Cap: Rs 52,839.51 crore
Traded Volume: 115.98 lakh shares
Traded Value: Rs 229.96 crore

Additional Price Information:

52-Week High: Rs 246.30 (July 31, 2024)
52-Week Low: Rs 122.90 (November 22, 2023)
Daily Volatility: 2.33%
Annualized Volatility: 44.51%

The decline in GAIL India’s market cap reflects investor caution, with the stock listed under the Nifty Next 50 index within the gas transmission and marketing sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

GAIL (India) shares surge nearly 6% as Jefferies upgrades rating to “buy” with ₹240 target

Aditya Bhagchandani — Wed, 06 Nov 2024 03:51:06 +0000

Shares of GAIL (India) Ltd rose by almost 6% on Wednesday following an upgrade from Jefferies, which raised its rating on the stock to “buy” and set a target price of ₹240, indicating a potential upside of 22% from the current market price of ₹196.80. The surge reflects investor optimism as of 9:19 AM, with GAIL shares trading 5.93% higher at ₹208.05 on the NSE.

Jefferies’ positive outlook on GAIL is driven by a 7% year-over-year increase in the company’s EBITDA, bolstered by improved performance in its gas trading and petrochemicals segments, albeit slightly below estimates. The brokerage also pointed out GAIL’s market share growth fueled by new pipeline projects, with further expansion expected by mid-2025. Jefferies anticipates stable trading profitability for GAIL, aided by low Henry Hub gas prices, and projects a 9% EBITDA CAGR over the FY24-27 period.

Morgan Stanley has also reiterated its optimistic view, maintaining an “overweight” rating on GAIL with a higher target price of ₹258, suggesting a 31% upside. The brokerage highlighted GAIL’s 19% integrated return on equity (RoE) in its gas pipeline business and noted that volume growth is expected to benefit from rising domestic gas penetration. Morgan Stanley sees attractive valuation metrics, with the stock trading at 1.2x FY26 estimated price-to-book ratio, and anticipates multiple re-rating triggers as GAIL continues to expand its gas infrastructure in India.

The favorable ratings from Jefferies and Morgan Stanley underscore GAIL’s promising growth trajectory, supported by pipeline expansions and steady gas demand, making it an attractive prospect for investors.

Q2 FY25 Results This Week: IRCTC, IRFC, GAIL, Apollo Hospitals Enterprise, Tata Steel and more

Aditya Bhagchandani — Mon, 04 Nov 2024 01:21:36 +0000

The second-quarter earnings season is in full swing, and over 170 companies are set to announce their financial results this week. Several high-profile companies across diverse sectors will reveal their performance, offering key insights into the economic landscape and sector trends.

November 4

On November 4, companies like ABB India, Andhra Paper, Amara Raja Energy & Mobility, Bata India, Exide Industries, Hatsun Agro Product, Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation (IRFC), Raymond, and Tube Investments of India are scheduled to declare their earnings. This day includes major players from sectors like energy, finance, and consumer goods, with particular attention on IRCTC and IRFC, both closely followed for insights into the railway sector.

November 5

The list for November 5 includes notable names like Alkyl Amines Chemicals, Dr. Reddy’s Laboratories, GAIL (India), JK Tyre & Industries, Mankind Pharma, Oil India, PB Fintech, Saregama India, Titan Company, and Wonderla Holidays. PB Fintech and Titan will be closely watched, with the former providing insights into the fintech sector, and the latter into retail and luxury goods.

November 6

On November 6, the spotlight will be on companies like Apollo Hospitals Enterprise, Delta Corp, Granules India, Power Grid Corporation of India, Tata Steel, and TeamLease Services. With Tata Steel and Power Grid Corporation set to release their earnings, insights into the metal and power sectors will be a focal point for investors.

November 7

The list of companies announcing results on November 7 includes Aditya Birla Fashion and Retail, Bajaj Electricals, Emami, Indian Hotels, IRCON International, Lupin, Mahindra & Mahindra, NCC, and Page Industries. Indian Hotels and Mahindra & Mahindra’s results will provide perspectives on the hospitality and automobile sectors, respectively.

November 8

On November 8, companies like Ashok Leyland, Bajaj Hindusthan Sugar, Cholamandalam Financial Holdings, Life Insurance Corporation of India (LIC), MRF, SBI, and Tata Motors will declare their quarterly numbers. The financial performance of SBI and LIC will be of particular interest, considering their impact on the financial services sector.

November 9

The week concludes on November 9 with companies such as Advanced Enzyme Technologies, Asian Paints, Aurobindo Pharma, Divi’s Laboratories, and Krishna Institute of Medical Sciences sharing their earnings. Asian Paints and Divi’s Laboratories are expected to provide key updates on the paint and pharmaceutical sectors, respectively.

This busy earnings week will offer investors a comprehensive view of how key sectors have performed in the recent quarter and set the tone for market expectations moving forward.

GAIL and VERBIO India sign MoU to establish agricultural residue-based CBG plants in India

Aman Shukla — Fri, 25 Oct 2024 11:11:08 +0000

GAIL (India) Limited and VERBIO India Private Limited recently signed a Memorandum of Understanding (MoU) to collaborate on the development of Agricultural Residue-based Compressed Biogas (CBG) facilities in India.

The MoU was signed in the presence of Shri Sandeep Kumar Gupta, C&MD, GAIL’s functional Directors, and Shri Claus Sauter, Founder/CEO, VERBIO Group.

As per the terms of the MoU, the parties aim to collaborate to identify suitable locations for the establishment of greenfield Agri Residue-based CBG facilities in a Joint Venture mode. The parties plan to carry out feasibility studies for the specified projects. Based on the results of the research, the parties will seek investment approval from their respective management for investment in the projects and forming a JV company.

Furthermore, in line with the MoU, GAIL may consider acquiring equity in VERBIO’s existing CBG plant in the state of Punjab.

GAIL signs MoU with AM Green to explore renewable energy projects in India

Aman Shukla — Fri, 04 Oct 2024 10:59:42 +0000

GAIL (India) Limited and AM Green B.V. (AMG) recently inked a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India.

The collaboration focuses on the long-term supply of carbon dioxide for eMethanol production as well as the development of hybrid renewable energy projects in India.

Shri Sumit Kishore, Executive Director (Business Development, Exploration, and Production), GAIL, and Shri Mahesh Kolli, Group President, AM Green, signed the MoU in the presence of Shri Rajeev Singhal, Director (Business Development), GAIL.

In the exchange filing, the company also shared, “In line with the MoU, both the parties envisage to undertake studies for long-term supply of around 350 KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies’ objectives in promoting sustainable energy solutions.”

Furthermore, both parties are keen on working on the establishment of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects, together with Greenko’s forthcoming Pump Storage Projects, are expected to provide round-the-clock power to end users, including the proposed eMethanol project.

Prime Minister Narendra Modi inaugurates GAIL’s Compressed Bio Gas Plant in Ranchi

Aman Shukla — Thu, 03 Oct 2024 06:48:13 +0000

GAIL (India) has recently informed exchanges that Prime Minister Narendra Modi inaugurated the company’s Compressed Bio Gas (CBG) plant in Ranchi Jharkhand, virtually at a ceremony held in Vigyan Bhawan in New Delhi to mark Swachh Bharat Diwas 2024.

With a total investment of Rs 26 crore, the CBG plant facility is designed to transform the organic fraction of Municipal Solid Waste (MSW) into CBG. It has a 150 TPD feedstock processing capacity and a 5 TPD production capacity.

GAIL’s CBG Plant plans to make significant progress toward environmental and sustainable development goals, with an estimated reduction of 4,950 tons of CO2 equivalent emissions per year. Furthermore, the project is planned to replace roughly 2,171,052 Standard Cubic Meters (SCM) of natural gas each year, resulting in foreign exchange savings of around USD 840,093. This will go a long way toward improving the nation’s energy security and lowering import dependence.

GAIL shares drop nearly 2% following revision of completion schedule for Srikakulam-Angul, Mumbai-Nagpur pipelines

Aditya Bhagchandani — Mon, 30 Sep 2024 04:52:58 +0000

GAIL’s shares fell by over 2% after the company announced a revision in the completion schedule for the Srikakulam-Angul and Mumbai-Nagpur pipeline projects. The new schedule shifts the completion of the Srikakulam-Angul pipeline from September 2024 to June 2025, primarily due to pending forest permissions for the spur pipeline section. As of 10:21 AM, GAIL shares were trading 1.08% lower at ₹234.41 on the NSE.

Details of the Srikakulam-Angul Pipeline Project

Pipeline Length: 745 km (Main Pipeline: 423 km, Spur Pipeline: 322 km).
Revised Schedule: The main pipeline laying has been completed, with anticipated readiness for gas-in by December 2024. However, forest permissions for a 56 km section of the spur pipeline are still pending, pushing the estimated completion to June 2025.

Key Points of the Revision

The revision was approved by the Board of Directors in their meeting held on September 27, 2024, which began at 2:00 PM and concluded at 4:20 PM. The main pipeline of 423 km is complete and is expected to be ready by December 2024 for gas input, while the spur pipeline’s completion is delayed due to regulatory permissions, now expected by June 2025.

Market Reaction

Following the announcement, investor sentiment towards GAIL dipped, leading to a 2% drop in the share price. The delay in project completion, particularly the dependence on regulatory clearances for the spur pipeline, has contributed to the fall in GAIL’s share price on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

GAIL signs MoU with Petron to explore setting up a bio-ethylene plant in India

Aman Shukla — Thu, 22 Aug 2024 06:58:41 +0000

GAIL Limited and Petron Scientech Inc (Petron) have recently signed a Memorandum of Understanding (MoU) to establish a 500 KTA bio-ethylene plant and downstream units in India. The plant will produce bioethanol in a 50:50 joint venture mode.

Shri Sumit Kishore, Executive Director (Business Development and Exploration & Production), GAIL and Shri Yogi Sarin, CEO, Petron, signed a non-binding Memorandum of Understanding yesterday in the presence of Shri Rajeev Kumar Singhal, Director (Business Development), GAIL.

As per the exchange filing on August 22, the company shared, “In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company.”

Commenting on the occasion, Shri Singhal stated, “GAIL is a proud member of India’s clean energy infrastructure and is always committed to incorporate initiatives for sustainable development of the nation. We are elated to enter into this strategic relationship with Petron, a pioneer in bio-ethanol to bio-ethylene technology. The MoU signifies a major step towards enhancing sustainable practices and advancing the bio-economy in India. The skills and strengths of both the companies would create a synergy for achieving the objective of MoU. The collaboration between GAIL and Petron is poised to not only foster technological advancements but also drive economic growth and environmental sustainability in India.”

GAIL shares surge nearly 2% as company signs pact with Rajasthan government to enhance gas-based power plant operations

Aditya Bhagchandani — Fri, 09 Aug 2024 03:54:42 +0000

Shares of GAIL (India) Ltd surged by over 1% on Friday morning after the company announced the signing of a preliminary agreement with the Rajasthan government. The stock was trading 1.30% higher at ₹230.27 as of 9:20 AM.

Key Points of the Agreement

Joint Venture Formation: GAIL has signed a pact with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to explore forming a joint venture. This venture aims to optimize the operations of gas-based power plants in Rajasthan and establish 1,000 MW of solar and wind power projects.
Optimizing Gas-Based Power Plants: The agreement focuses on potentially transferring RRVUNL’s gas-based power plants in Dholpur and Ramgarh, Rajasthan, to the proposed joint venture. These plants are heavy consumers of natural gas, offering GAIL a reliable customer for its gas supply.
Renewable Energy Initiatives: In addition to gas-based power optimization, the agreement includes plans to set up 1,000 MW of solar and wind power projects on suitable land parcels, aiming to provide round-the-clock power.
Due Diligence and Feasibility: GAIL and RRVUNL will conduct a detailed due diligence and feasibility study for each project before proceeding with the joint venture.

Strategic Importance

This partnership aligns with GAIL’s strategy to expand its customer base and invest in renewable energy. GAIL, being India’s top natural gas marketer and transporter, can leverage its extensive pipeline network to supply fuel to power plants and city gas areas across Rajasthan, including Kota, Bhilwara, Bhiwadi, Chittorgarh, and Jodhpur.

Market Reaction

Investors responded positively to the news, pushing GAIL’s shares up by 1.30% in early trading.

GAIL India shares gain after inauguration of green hydrogen plant

Aditya Bhagchandani — Mon, 27 May 2024 04:53:49 +0000

Shares of GAIL India Limited rose nearly 2% to Rs 208 apiece in morning trade on May 27 following the announcement of its first 10 megawatt (MW) green hydrogen plant in Vijaipur, Madhya Pradesh. This development is part of the National Green Hydrogen Mission.

The plant can produce 4.3 tonnes per day (TPD) of hydrogen using renewable power for electrolysis of water. GAIL stated that the hydrogen produced will have a purity of 99.99% and be generated at a pressure of 30 kilograms per square centimeter.

“Initially the hydrogen produced from this unit shall be used as a fuel along with Natural Gas for captive purposes in the various processes and equipment running in the existing plant,” GAIL said in a regulatory filing on May 25.

Despite the positive news, as of 10:20 am the shares were trading 1.25% lower at ₹201.90.

GAIL India Shares Surge Nearly 3% After Signing Landmark Propane Supply Deal with BPCL

Aditya Bhagchandani — Thu, 02 Nov 2023 06:55:35 +0000

GAIL India witnessed a significant uptick in its share price during early trade on November 2, following the company’s announcement of a groundbreaking agreement with Bharat Petroleum Corporation Limited (BPCL).

The agreement entails a 15-year supply of propane, a vital component for GAIL’s upcoming petrochemical plant in Maharashtra, with the contract estimated to be valued at over Rs 63,000 crore.

Under this strategic partnership, GAIL will procure 600 KTPA (thousand metric tonnes per annum) of Propane from BPCL’s LPG import facility located at Uran.

Notably, this facility is presently equipped to handle 1 MMTPA of LPG imports and is undergoing expansion to accommodate 3 MMTPA of propane and butane imports, enhancing its capacity significantly.

As of 12:20 pm, GAIL’s shares demonstrated a robust surge, trading 2.72% higher at ₹120.80.

GAIL Surges on the back of 70% Spike in Quarterly Profit Boosts Market Confidence

Aditya Bhagchandani — Tue, 31 Oct 2023 10:00:18 +0000

State-run natural gas processing and distribution giant, GAIL, showcased remarkable financial resilience as it reported a substantial 70.3% surge in its standalone net profit for the quarter ending September 30, 2023. The news sent the GAIL stock soaring, reflecting the market’s positive response to the company’s robust performance.

GAIL’s revenue for the second quarter of the current fiscal year was reported at Rs 31,822.6 crore, a figure that, while slightly lower than the previous quarter’s, did not overshadow the stellar profit numbers. Market estimates, as per Zee Business research, had anticipated a standalone net profit of Rs 1,596 crore and revenue of Rs 33,650 crore for the same period.

The market was pleasantly surprised as GAIL’s shares experienced a significant uptick of Rs 2.8, or 2.3%, reaching Rs 121.4 apiece on the BSE following the announcement.

Key to this financial triumph was GAIL’s quarter-on-quarter surge of 43.5% in earnings before interest, taxes, depreciation, and amortization (EBITDA), totaling Rs 3,491 crore for the reviewed quarter. This impressive figure notably outperformed Zee Business analysts’ projections, which had pegged the EBITDA at Rs 2,340 crore.

Additionally, GAIL’s margin, a pivotal indicator of profitability, exhibited a substantial improvement, surging by 340 basis points (bps) sequentially to reach 11%. This remarkable margin boost was significantly higher than the 7.0% estimated by Zee Business research for the fiscal second quarter, underscoring GAIL’s efficient financial management.

GAIL India Q1 results: Net profit falls 45% to Rs 1,793 crore; revenue down by 13%

Adesh Dixit — Mon, 31 Jul 2023 15:33:03 +0000

The government-run gas utility GAIL (India) Ltd. stated on Monday that its standalone net profit for the June quarter fell by 51.5 percent year over year to Rs. 1,412 crore. In the same period last year, the company reported a net profit of Rs 2,915 crore.

Sequentially, the profit increased by 134 percent from the March quarter of the prior fiscal year’s (Q4FY23) net earnings of Rs 603.52 crore.

The profit number was significantly less than the 1,655 crore poll by CNBC-TV18

The company’s sales for the reviewed quarter was Rs 32,227.47 billion, down from Rs 37,572.14 billion year over year (YoY). This is a drop of 14.22%. Analysts surveyed by CNBC-TV18 predicted that the revenue will total Rs 31,949 crore.
The revenue from operations decreased 1.91 percent from Rs 32,858.20 crore in Q4 of FY23 on a quarterly basis.

Earnings before interest, taxes, depreciation, and amortization, or operational profit, increased by a quarter to Rs 2,432.6 crore in the June quarter. The EBITDA margin increased 660 basis points year over year to 7.5%.
In late-afternoon trades on Monday, shares of Gail (India) Ltd were trading 2 percent higher at Rs 119.85 per share. After global brokerage UBS double-upgraded GAIL to ‘Buy’ from ‘Sell’ and increased its target price on the company to Rs. 150 from Rs. 80 earlier, the stock increased in value during today’s opening trade.

According to UBS, the upside to realized tariffs, the scope of growing gas demand in India, and GAIL’s pipeline development are all being underappreciated by the market consensus at a 50% discount to historical averages for GAIL shares.

The aforementioned elements, according to the brokerage, might lead to a number of margin-driven upgrades in the stock’s consensus results.

The standalone Ebitda estimate for UBS for FY24–26, according to UBS, is 21–29%, which is higher than the market average.

GAIL India Q4 results: 77.5% decrease in net profit

News Desk — Thu, 18 May 2023 11:41:17 +0000

GAIL India, a public sector organization that is owned by the Ministry of Petroleum and Natural Gas, published its Quarterly reports for the fourth quarter of the fiscal year 2023 on Thursday.

The petroleum public company declared a net profit of Rs 603.52 crore for the quarter that ended in March 2023, which was a solo figure. This is a decrease of 77.5 percent in comparison to the previous fiscal year’s equivalent quarter revenue of 2,683.11 crores.

The income that the state-owned corporation earned from its activities increased by around 22% to 328.58 crores. Despite this, the company’s petrochemical divisions saw a decrease in revenues of 46%.

The natural gas marketing division, which is responsible for 96% of the overall income, benefited from increased volumes as well as decreased costs, which led to a 37% increase in quarterly revenue.

Back in 2012, GAIL came to an agreement with the energy giant Gazprom of Russia to acquire around 2.5 lakh tonnes of liquified natural gas (LPG) over the course of the next 20 years.

Following the imposition of Western sanctions on Russia in response to the conflict in Ukraine, Gazprom was forced to relinquish its ownership in Germany’s Sefe.

GAIL said a month ago that it will obtain four cargoes of LNG from Sefe, which is similar to the amounts that it was acquiring under an agreement with a former subsidiary of Gazprom in Russia.

Stocks to watch: Adani Group, LIC, L&T, Tech Mahindra, Inox, GAIL and more

Aryan Jakhar — Tue, 31 Jan 2023 03:23:34 +0000

Domestic equity markets are anticipated to remain volatile on Tuesday as investors await the 2022–23 Economic Survey. In the run-up to the Union Budget announcement on Wednesday, February 1, fun might continue to be a significant emotion dictator today. At 7:40 a.m., the SGX Nifty was trading at 17,770, up 65 points.

Globally, the Nikkei, Straits Times, and Kospi opened flat on Tuesday. Overnight, US markets fell up to 2% ahead of the US Fed meeting, which starts later tonight, and major corporate results.

Here are the top stocks to watch on Tuesday, January 31:

Earnings today: ACC, Blue Star, Cholamandalam Investment and Finance Company, Coal India, Godrej Consumer Products, Indian Hotels, Indian Oil Corporation, Jindal Steel, KPIT Tech, Orient Bell, Orient Cement, Power Grid, RailTel, Star Health, Sunteck Realty, Venus Pipes and Tubes, Welspun Enterprises, and Westlife Foodworld are among the key companies set to report Q3FY23 earnings today.

Adani Group: Stock markets The circuit limitations for three Adani Group businesseshrAdani Total Gas, Adani Transmission, and Adani Green Energyiowere reduced from 20% to 10% on Monday by the BSE and NSE. The decision comes after a big sell-off in these equities in the previous three trading sessions caused a downward circuit.

LIC: The state-owned Life Insurance Corporation (LIC) would not invest more than Rs 300 crore in Adani Enterprise’s follow-on public offer (FPO), despite intentions to engage with the business group to seek clarity on claims made by Hindenburg Research.

Tech Mahindra (TechM): Tech Mahindra reported a 5.3 percent drop in net profit for the third quarter (Q3) of fiscal year 2022–23 (FY23) at Rs 1,297 crore. However, the overall contract value of the inked transactions was $795 million. This was an increase of 11% year over year. Another significant achievement for the corporation this quarter was the achievement of $1 billion in quarterly revenue for its enterprise segment.

L&T: Larsen & Toubro (L&T) announced a consolidated net profit of Rs 2,553 crore for the October-December quarter of 2022–23, up 24.2% from the previous year, bolstered by extraordinary profits of Rs 97 crore from the sale of the mutual fund business. L&T got orders worth Rs 60,710 crore during the quarter, representing a 21% increase over the same time last year.

Inox Leisure: Inox Leisure’s net loss for Q3 FY23 increased to Rs 40.42 crore from Rs 1.3 crore in the previous fiscal’s equivalent period. Revenue increased 74% to Rs 516 crore from Rs 296 crore, while costs increased by 63% to Rs 493 crore.

BPCL: After two consecutive quarters of losses, state-owned Bharat Petroleum Corporation (BPCL) declared a consolidated net profit of Rs 1,747 crore for the quarter ended December 31, 2022 (Q3FY23). In the third quarter, consolidated revenue from operations increased 13.67% to Rs 1.33 trillion.

Kansai Nerolac: Kansai Nerolac Paints has agreed to sell a nearly 24-acre property lot in Thane’s Kavesar to real estate developer House of Hiranandani Group for Rs 655 crore.

KEC International: The company said that it has received orders totaling Rs 1,131 crore from various sectors.

Alkem Laboratories: On Monday, Mumbai-based drugmaker Alkem released an antibiotic to treat numerous drug-resistant illnesses. According to the business, it was the first in India to offer a new antibiotic combination for treating drug-resistant diseases.

ADF Foods: ADF Foods’ consolidated net profit for Q3 FY23 was Rs 18.52 crore, compared to a net profit of Rs 13.3 crore YoY and Rs 13.6 crore QoQ. Its sales were Rs 123 crore, up from Rs 117 crore year over year and Rs 107 crore quarter over quarter.

Mangalore Chemicals: The company’s standalone net profit increased to Rs 76.2 crore from Rs 31.1 crore the previous year. In Q2 FY23, the firm reported a net loss of Rs 32 crore.

Sanofi India: After failing to obtain a UNICEF contract, French pharmaceutical company Sanofi SA is assessing operations at two of its vaccine manufacturing facilities in India and plans to lay off all staff, according to Reuters. A representative for Sanofi’s India branch told Reuters in an email that the company is providing voluntary retirement schemes (VRS) to all of its workers at two facilities near Hyderabad.

Nippon Life India AMC: Japan, India NAM India reported an 18% rise in profit after tax (PAT) at Rs 205 crore for Q3 FY23 on Monday. The previous year, the company reported a PAT of Rs 174 crore.

Punjab National Bank: Punjab National Bank on Monday assuaged worries about its exposure to Adani Enterprises by noting that its loans to the company are spread over 8–9 entities that generate enough income.

GAIL (India): GAIL (India) Ltd. on Monday reported a 90% reduction in December quarter net profit, at Rs 397.59 crore against Rs 3,800.09 crore YoY, due to losses in the petrochemical and natural gas marketing businesses. The country’s largest gas trading and transportation company lost Rs 349 crore in the petrochemical market owing to a reduction in supply of cheaper domestic gas.

Ultratech Cement: Ultratech Cement Middle East Investments Limited, the company’s wholly owned subsidiary in the UAE, has engaged in a Share Sale and Purchase Agreement with Seven Seas Company LLC, Oman, for the acquisition of 70% equity shares in Duqm Cement Project International, LLC, Oman.

Exide Industries: Exide Industries increased its consolidated net profit by 11.38 percent year on year (YoY) to Rs 198.61 crore in Q3FY23, owing to growth in most business verticals, pricing increases, and cost-cutting measures. The previous year’s profit was Rs 178.32 crore. Volume growth drove a 6.8 percent increase in revenue from operations to Rs 3,538.50 crore.

GAIL Q3 net profit dips 92% to Rs 245 crore, stock tumbles 5%

Aryan Jakhar — Mon, 30 Jan 2023 09:51:55 +0000

Gas Authority of India Ltd. (GAIL) reported a 92 percent year-on-year fall in standalone profit after tax for the quarter ended December 31, 2022, on January 30. In the previous fiscal year, its net profit was Rs 3,287 crore.

Net profit was down 84 percent from Rs 1,537 crore the previous year.

Following the state-owned firm’s dismal performance, the shares took a hit. GAIL was down 5% at Rs 93.75 on the National Stock Exchange at 2.15 p.m., despite significant trading activity. The trading volume of 17.3 million shares was above the 20-day average volume of 10 million shares. So far in 2023, the stock is down 2%.

Year on year, revenue from operations increased 37.2 percent to Rs 35,380 crore.The acquisition of trade stock (or the cost of products) then quadrupled from Rs 17,590 crore to Rs 32,190 crore.

Some segments lost money compared to the previous year. Natural Gas Marketing lost Rs 86 crore before interest and tax, petrochemicals lost Rs 348 crore, and LPG and liquid hydrocarbons lost Rs 29 crore at the EBIT level.

In its preview note, Kotak Institutional Equities stated that each of GAIL’s sectors encountered challenges in the previous quarter.

“Transmission has been impacted by lower volumes, reduced APM (Administered Pricing Mechanism) allocation, and high APM gas prices; LPG has been impacted by declining LPG prices and higher APM gas costs; and petchem has been impacted by reduced gas availability, resulting in lower plant utilization,” the firm stated.