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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.

GAIL not to shut down plant but convert to supply feedstock

Last Updated: Friday, January 30, 2015, 15:41

GAIL's Lakwa plant will continue to operate with change in product while requirement for majority of contract workers will continue and contractors will be persuaded to engage existing workers.

Shell,GDF ink pact to take 26% stake each in GAIL LNG terminal

Last Updated: Thursday, January 15, 2015, 14:05

Royal Dutch Shell, Europe's largest oil firm, and French firm GDF Suez have signed a pact to take 26 percent stake each in GAIL India Ltd's proposed 'floating LNG import terminal' at Kakinada in Andhra Pradesh.

RIL gas payments to be invested in interest bearing deposits

Last Updated: Wednesday, January 7, 2015, 14:58

After Reliance Industries demanded interest on KG-D6 gas payments flowing into gas pool account operated by GAIL, the state-owned firm has agreed to invest the receivables in short-term interest bearing deposits with public sector banks.

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.

Coal India forms ventures for Talcher colliery revival

Last Updated: Tuesday, December 23, 2014, 17:18

State-run Coal India Ltd (CIL) Tuesday said it is embarking upon two joint ventures to revive the Talcher coalfield in Odisha.

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.

SC allows GAIL to take part in tender for laying pipeline

Last Updated: Thursday, December 18, 2014, 23:48

The order came in the backdrop of the finding of Petroleum and Natural Gas Regulatory Board (PNGRB) that the PSU had indulged in unfair trade practices in the past.

Oil stocks continue to slip on falling crude prices

Last Updated: Friday, December 12, 2014, 19:38

Fall in stock prices of these companies have also weakened their market valuation.

GAIL inks agreement to buy 2.5 million tonnes of LNG from US

Last Updated: Friday, December 5, 2014, 14:10

GAIL India Ltd, the nation's largest natural gas distributor, has signed an agreement with US-based WGL for buying about 2.5 million tonnes of gas for 20 years.

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.