Pipeline expansion, tariff revision could be game-changers for Gail
1 week, 6 days ago

Pipeline expansion, tariff revision could be game-changers for Gail

Live Mint  

Gail Ltd is expected to benefit from several tailwinds in FY26. The expected addition of nearly 8 million standard cubic meters per day of gas by Oil and Natural Gas Corp Ltd from FY26 also augurs well for Gail’s transmission business. Petition to hike tariffs Gail submitted a petition to increase its transmission tariff to the Petroleum and Natural Gas Regulatory Board in September and expects it to be approved by March. In the September quarter, Gail’s gas transmission volume rose by 9% year-on-year to 130.6 mmscmd, in line with its full-year guidance of 130 mmscmd. “The gas transmission business has good prospects, but the commodity business would be volatile," said a report by Anand Rathi Share and Stock Brokers.

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GAIL share price surges 7% on Q2 boost; up 59% in last 1 year
1 month, 2 weeks ago

GAIL share price surges 7% on Q2 boost; up 59% in last 1 year

Live Mint  

GAIL share price: Shares of GAIL surged almost 7 per cent in morning trade on BSE on Wednesday, November 6, a day after the company announced its September quarter scorecard. GAIL Q2 results GAIL on Tuesday, November 5, reported a 10 per cent year-on-year rise in September quarter consolidated net profit to ₹2,689.67 crore after an increase in earnings from …

GAIL India Q2 Results: Net profit rises 10% to ₹2,689.67 crore, revenue up marginally
1 month, 2 weeks ago

GAIL India Q2 Results: Net profit rises 10% to ₹2,689.67 crore, revenue up marginally

Live Mint  

New Delhi, Nov 5 State-owned GAIL Ltd on Tuesday reported 10 per cent rise in September quarter net profit after an increase in earnings from gas transmission business and turnaround in petrochemical business neutralised fall in marketing margin. Consolidated net profit of ₹2,689.67 crore in July-September FY25 compared with ₹2,442.18 crore in the same period a year ago, according to …

GAIL Q3 profit rises multifold to ₹3,193 crore on cheaper LNG
10 months, 3 weeks ago

GAIL Q3 profit rises multifold to ₹3,193 crore on cheaper LNG

Live Mint  

New Delhi: State-run GAIL on Monday reported a multifold jump in its consolidated net profit for the quarter ended December at ₹3,193.34 crore, buoyed by a fall in international prices of liquefied natural gas and increase in transmission tariff. On Monday, GAIL said it has concluded a long-term pact to buy around 0.5 million metric tonne per annum LNG from …

GAIL open to buying Russian oil and gas assets
2 years, 6 months ago

GAIL open to buying Russian oil and gas assets

The Hindu  

India's largest gas transmitter GAIL is open to buying Russian oil and gas assets shunned by Western companies after Moscow's invasion of Ukraine if the deal made commercial sense, the company's Chairman Manoj Jain said on Friday. GAIL is considering buying gas from challenging local fields to address surging local demand for natural gas, including striking long-term liquefied natural gas …

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