GAIL in talks with Iran to revive decade-old LNG deal

Last Updated: Sunday, August 23, 2015, 16:16

State-run gas utility GAIL India Ltd has begun talks with Iran to revive a decade-old USD 22 billion LNG supply contract, the cheapest deal ever struck by an Indian firm.

GAIL to hold stake in TAPI as global firms shun 4-nation project

Last Updated: Monday, August 10, 2015, 18:16

The four nations planning the TAPI pipeline last week decided to co-own the project and a joint venture company with participation from each country would be set up to build and operate the over 1,800 line.

Govt mulls selling 3% stake in GAIL to raise Rs 1,800 crore

Last Updated: Tuesday, August 4, 2015, 15:14

The government plans to sell 3 percent stake in state-owned gas utility GAIL India which could fetch over Rs 1,300 crore to the exchequer.

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 to swap US LNG, issue tender next month

Last Updated: Friday, July 17, 2015, 13:32

State-owned gas utility GAIL India plans to swap over one-third of the liquefied natural gas (LNG) it has contracted from US with a gas seller nearer to India to save on transportation costs.

GAIL sells some of its US LNG to Shell

Last Updated: Wednesday, May 27, 2015, 23:23

GAIL (India) Ltd has sold some of its liquefied natural gas (LNG) from the U.S. portfolio to European energy major Royal Dutch Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday.

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.

NTPC, Lanco quote winning Rs 1.42/unit bid in subsidy auction

Last Updated: Wednesday, May 13, 2015, 00:14

NTPC and Lanco were among the three companies which quoted the lowest bid of Rs 1.42 per unit for availing of subsidy on imported gas to run 14 stranded power projects across the country, in the first ever auction that saw fierce bidding.

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.

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.