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.

Kashmira wins first medal for India at karate event

Last Updated: Thursday, December 12, 2013, 23:10

Kashmira Choksi grabbed the first medal for India in the sixth Karate-Do Gojukai World Championship by winning a bronze in the individual women`s Kata technique category here on thursday.

OilMin allows RIL, GAIL freedom to fix marketing margin

Last Updated: Thursday, December 12, 2013, 18:15

In a significant development, the Oil Ministry has given freedom to firms, including Reliance Industries and GAIL, to fix the marketing margin they want to charge on sale of natural gas to consumers other than urea manufacturing units and LPG plants.

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.

GAIL loses Tanzanian gas block to Singapore's Pavilion Energy

Last Updated: Sunday, December 1, 2013, 13:00

GAIL had put a price of about USD 600 million for a 10 percent interest.

HC annuls TN govt order; finds public interest in GAIL project

Last Updated: Monday, November 25, 2013, 21:12

Some 300 km of the Kochi-Kuttanad-Bangalore-Mangalore pipeline project passes through Coimbatore, Tirupur, Salem, Erode, Namakkal, Dharmapuri and Krishnagiri districts in western Tamil Nadu and farmers there opposed it on the ground that it would affect their livelihood.

GAIL plans to set up CNG outlets on New Delhi-Mumbai highway

Last Updated: Monday, November 25, 2013, 21:11

India currently has a gas pipeline network extending over 13,000 km, with vast stretches still not touched by the environment friendly fuel.

Fitch sees govt pushing Rs 45000-cr oil subsidy to next fiscal

Last Updated: Monday, November 25, 2013, 19:27

The rating agency said out of the oil subsidies allocation of Rs 65,000 crore in the budget for this fiscal, the government has already given out Rs 45,000 crore to pay oil marketing companies for the subsidy gap incurred in FY13.

HC quashes TN govt order on GAIL project

Last Updated: Monday, November 25, 2013, 13:47

The Madras High Court Monday quashed the state government order restraining implementation of the Kochi-Mangalore gas pipeline project passing through agricultural lands in seven districts of Tamil Nadu.

Shell to join GAIL's Kakinada LNG project with 30% stake

Last Updated: Sunday, November 24, 2013, 18:54

Shell last year had announced plans to build a floating LNG of up to 5 million tonnes per annum capacity off Kakinada coast in a JV with Anil Ambani Group firm Reliance Power.