GAIL Q1 net drops 32% at Rs 424.14 crore

Last Updated: Thursday, July 23, 2015, 19:41

State-owned gas utility GAIL India Ltd Thursday reported a 32 percent drop in net profit at Rs 424.14 crore for the first quarter ended June on account of drop in LPG and petrochemical production and lower prices.

Lapses by GAIL led to pipeline fire in AP last year: Regulator

Last Updated: Wednesday, July 22, 2015, 20:58

Oil regulator has found state- owned gas utility GAIL India Ltd guilty of severe lapses that led to an explosion at one of its pipelines in Andhra Pradesh, killing at least 29 persons in June last year.

GAIL reports in 53% drop in Q4 profit

Last Updated: Wednesday, May 27, 2015, 20:57

State-owned gas utility GAIL India Wednesday reported a 53 percent drop in March quarter net profit as it sold less gas.

GAIL in talks with Shell to sell US LNG supply

Last Updated: Wednesday, May 20, 2015, 17:06

India`s Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.

GAIL, IOC sign pact to join Adani Group's Dhamra LNG project

Last Updated: Wednesday, May 13, 2015, 18:47

State-run gas utility GAIL India Ltd and refiner Indian Oil Corp (IOC) Wednesday signed an initial pact to join Adani Group-promoted Rs 5,000-crore Dhamra LNG project in Odisha.

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.

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 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.

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.

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.