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.

CBI recovers Rs 19 lakh from the house of arrested GAIL officer

Last Updated: Monday, February 2, 2015, 21:34

CBI has recovered Rs 19 lakh in cash and other valuables from the residence of an officer of GAIL (India) Limited, posted at Noida, who was arrested yesterday under bribery charges.

With no takers, GAIL again postpones LNG tender date

Last Updated: Tuesday, January 6, 2015, 19:23

Finding no takers for its Rs 42,370 crore tender to hire newly-built LNG ships, state-owned gas utility GAIL India Ltd has for the third time postponed the last date of bidding.

GAIL to pay royalty on RIL gas price

Last Updated: Tuesday, December 23, 2014, 16:07

State-owned GAIL India Ltd has been asked to pay royalty on the USD 1.41 per unit it is collecting on natural gas produced from Reliance Industries' eastern offshore KG-D6 fields.

GAIL Dec quarter net profit jumps 31% to Rs 1,679 crore

Last Updated: Wednesday, January 29, 2014, 18:48

State-owned gas utility GAIL India Ltd on Wednesday reported a 31 percent jump in its December quarter net profit after the company was exempt from paying fuel subsidy.

GAIL likely to pay Rs 10 per share dividend this fiscal

Last Updated: Monday, January 27, 2014, 13:48

GAIL India Ltd, the nation's biggest natural gas distributor, is likely to pay 100 percent or Rs 10 per share dividend to shareholders in the current fiscal.

GAIL asked to explain logic of seeking reopening of price

Last Updated: Tuesday, December 24, 2013, 18:26

State-run gas utility GAIL India Ltd has been asked to explain the basis on which it is seeking renegotiation of India's most expensive LNG import deal as the contract with Australia's Gorgon project has no such clause.

GAIL doubles marketing margin on gas

Last Updated: Wednesday, December 18, 2013, 15:37

GAIL India Ltd, the nation's biggest natural gas distributor, has doubled the marketing margin it charges from customers on sale of a small volume of gas sourced from state-owned ONGC.

GAIL shares up 3% on talks to acquire stake in Tanzania block

Last Updated: Tuesday, December 3, 2013, 18:31

Shares of GAIL (India) Ltd Tuesday rose by 3 percent after the company said it is in talks to acquire Ophir Energy's 10 percent stake in gas blocks in Tanzania.

GAIL in talks to acquire stake in Tanzania gas block

Last Updated: Tuesday, December 3, 2013, 10:00

GAIL was keen to buy part of Ophir Energy Plc's remaining 20% stake in blocks 1, 3 and 4, which are estimated to hold an estimated 15 trillion cubic feet (tcf) of gas reserves.