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BPCL, GAIL shares rise after PSUs sign Rs 63,000-crore propane supply deal

BPCL, GAIL shares rise after PSUs sign Rs 63,000-crore propane supply deal

Thu, Nov 02, 2023

The strategically positioned GAIL's Usar PDH-PP project in Usar, Maharashtra, represents the inception of India's inaugural propane ppdehydrogenation (PDH) plant, which is set to commence operations in 2025, BPCL said.

Gail Q2 Results: Standalone Net Profit Shoots Up 70%; Stock Trades in Green

Gail Q2 Results: Standalone Net Profit Shoots Up 70%; Stock Trades in Green

Tue, Oct 31, 2023

GAIL's revenue stood at Rs 31,822.6 crore for the second quarter of the current financial year, as against Rs 32,227.5 crore for the previous three months, according to a regulatory filing.

GAIL's Q1 profit dives 51.5%; board approves Rs 11,256 crore revised cost for Usar petchem plant

GAIL's Q1 profit dives 51.5%; board approves Rs 11,256 crore revised cost for Usar petchem plant

Mon, Jul 31, 2023

Standalone net profit of Rs 1,412 crore, or Rs 2.15 per share, in April-June (first quarter of current 2023-24 fiscal year) compared with Rs 2,915.19 crore, or Rs 4.38 a share, in the same period a year back, according to a company statement and stock exchange filing.

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Gail India's Q3FY18 PAT grows by 28% yoy, issues bonus share

Gail India's Q3FY18 PAT grows by 28% yoy, issues bonus share

Mon, Feb 12, 2018

On quarterly basis, Gail India's Q3FY18 net profit declined by 3.61% from Rs 1,309.63 crore of the preceding quarter.

ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

ONGC to sell stake in IOC, GAIL to fund HPCL deal; shares gain

Tue, Jan 23, 2018

To purchase 51.11% stake in HPCL, the state-owned Oil & Natural Gas Corp (ONGC) needs to pay about Rs 36,915 crore to the government.

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

Mon, Dec 25, 2017

The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".

GAIL, GSPL fight over who will transport ONGC gas

GAIL, GSPL fight over who will transport ONGC gas

Sun, Aug 06, 2017

GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore.

Shell, Engie exit Andhra Pradesh LNG project

Shell, Engie exit Andhra Pradesh LNG project

Tue, May 23, 2017

Royal Dutch Shell, Europe's largest oil firm, and French energy major Engie have exited a floating LNG import terminal project at Kakinada in Andhra Pradesh over concerns about demand for imported gas in India.

India's GAIL signs 1st time-swap deal for U.S. LNG with Gunvor

India's GAIL signs 1st time-swap deal for U.S. LNG with Gunvor

Fri, Mar 03, 2017

It is the first time-swap agreement by GAIL, which is trying to juggle its LNG portfolio to cut costs for price-sensitive Indian customers after a sharp fall in Asian spot prices made its U.S. gas unattractive.

Gail India's net profit clocks three-folds jump yoy to Rs 1335 crore

Gail India's net profit clocks three-folds jump yoy to Rs 1335 crore

Wed, Sep 07, 2016

Largest gas transmission company - Gail India's net profit for the June quarter ended 2016 (Q1FY17), recorded three-folds jump on the back of robust other income.

Urban India to gain from Gail-Bloom Energy partnership; shares up 2%

Urban India to gain from Gail-Bloom Energy partnership; shares up 2%

Tue, Aug 23, 2016

Minister of State for petroleum and natural gas, Dharmendra Pradhan said,"The biggest beneficiary of this MoU will be urban India as it will significantly decrease pollution caused by back up power."

Mahanagar Gas gets oversubscribed by 1.08 times on 1st day

Mahanagar Gas gets oversubscribed by 1.08 times on 1st day

Wed, Jun 22, 2016

In the data, Qualified institutional buyers (QIB) recorded bid of around 89,07,395 which 1.82 times from 48,98,900 shares offered. The Non-institutional investors managed to withdraw around 23% of the reserved shares.

Mahanagar Gas IPO opens today; should you subscribe?

Mahanagar Gas IPO opens today; should you subscribe?

Tue, Jun 21, 2016

Mahanagar Gas Limited (MGL) is the sole distributor of Compressed National Gar (CNG) & Piped Natural Gas (PNG) in Mumbai, its adjoining areas and Raigad district (Maharashtra). The company has a supply network of over 4,646 km of pipelines, which involves 4,231 km of polyethylene pipeline and 415 km of steel pipeline as of FY16.

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