Oil India, GAIL shares in focus after 15-year gas supply deal from Rajasthan fields
Oil India and GAIL India have extended their gas sale agreement for 15 years, effective July 1, 2025. Oil India will supply up to 900,000 SCMD of natural gas from its Rajasthan fields to GAIL, who will transport it for electricity generation by RRVUNL. This collaboration highlights the companies' commitment to domestic gas production and distribution.
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Q4 Results Snapshot
Shares of Oil India and GAIL India will be in focus on Thursday after both companies signed an agreement to extend their existing Gas Sale and Purchase Agreement (GSPA) for another 15 years.The renewed pact, effective from July 1, 2025, will involve the supply of up to 900,000 standard cubic metres per day (SCMD) of natural gas from Oil India's gas fields in Rajasthan, the company said in a regulatory filing on Wednesday.'This agreement highlights the dedication of both Maharatna CPSEs in the production, transportation, and distribution of gas available from domestic gas fields,' the two companies said in a joint statement.The gas supplied under this agreement will be used by Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), the state-owned power producer, for electricity generation. GAIL , which owns and operates over 16,400 km of gas pipeline infrastructure across the country, will handle the transportation of the fuel.GAIL (India) Ltd reported a consolidated net profit of Rs 2,491.76 crore in Q4FY25, broadly unchanged from Rs 2,468.71 crore in the same quarter last year. Revenue from operations rose 11.3% year-on-year to Rs 36,551.15 crore, compared with Rs 32,833.24 crore in Q4FY24.Oil India Ltd, meanwhile, posted a consolidated net profit of Rs 1,310.10 crore for Q4FY25, down nearly 39% from Rs 2,140.72 crore in the year-ago period. Revenue from operations also declined by around 6% to Rs 9,587.82 crore from Rs 10,165.78 crore in Q4FY24.On Wednesday, shares of GAIL closed at Rs 185.05 on the BSE, while Oil India ended the session at Rs 445.30.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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