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GAIL to stop LNG imports at Dabhol till October

Last Updated: Sunday, May 3, 2015, 13:36

The terminal cannot receive shipments in the choppy monsoon seas in the absence of a breakwater, so it can currently import a maximum of only 2.25 million tons a year.

Subir Purkayastha takes over as director, GAIL

Last Updated: Friday, May 1, 2015, 17:14

Purkayastha, 56, is also Director on GAIL Gas (USA) Inc, Ratnagiri Gas and Power Pvt Ltd (RGPPL) and TAPI Pipeline Co Ltd.

Prabhat Singh, PK Bajpai among 13 in race to head Petronet LNG

Last Updated: Sunday, March 29, 2015, 15:22

A Search Committee will hold interviews to select the new MD and CEO tomorrow, industry sources said.

Petronet top post: GAIL directors, Oil India Chairman in race

Last Updated: Wednesday, March 25, 2015, 17:28

About a dozen candidates, including top directors at gas utility GAIL India and Chairman of Oil India, are in the race to become the Managing Director and CEO of Petronet LNG, the nation's biggest liquid gas importer.

Slots of 'sacked' independent directors lie vacant at Oil PSUs

Last Updated: Monday, March 23, 2015, 16:09

Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with most of those positions still lying vacant.

Govt asks GAIL to remit incremental KG-D6 gas price every month

Last Updated: Wednesday, March 11, 2015, 20:44

Government has asked GAIL to remit to the exchequer on a monthly basis the incremental gas price from RIL's KG-D6 field towards recovery of profit share it claims is due from the private firm.

GAIL drops plan to set up LNG terminal at Paradip

Last Updated: Tuesday, March 3, 2015, 18:05

GAIL India, the nation's largest natural gas distributor, has dropped plans to set up a Rs 3,108 crore floating LNG import terminal at Paradip in Odisha.

Oil regulator for lower marketing margin on gas: Pradhan

Last Updated: Wednesday, February 25, 2015, 18:58

Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.

PNGRB invites licence bids for retailing CNG, piped gas

Last Updated: Tuesday, February 24, 2015, 17:33

Oil regulator PNGRB has invited bids for issuing licences for retailing CNG and piped cooking gas in 20 cities like Haridwar and Aligarh.

GAIL LNG tender to ferry gas from US finds no bidder

Last Updated: Thursday, February 19, 2015, 14:23

After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any bidder for its USD 7 billion tender to hire newly-built LNG ships to ferry gas from the US.

GAIL shares down nearly 7% as net profit drops

Last Updated: Monday, February 9, 2015, 13:15

Shares of GAIL India Ltd today fell by nearly 7 per cent after the company posted a massive 64 percent drop in December quarter net profit.

GAIL net profit drops 64%

Last Updated: Friday, February 6, 2015, 17:59

The profit was impacted by "lower off take of long-term contracted LNG by power and fertiliser plants," it said.