Latest news with #GAIL
India Gazette
21 hours ago
- Business
- India Gazette
GAIL becomes first Maharatna PSU to go live with
New Delhi [India], June 27 (ANI): GAIL (India) on Friday announced it has successfully gone live with SAP S/4 HANA in a formal launch earlier this week. The launch event was graced by Sandeep Kumar Gupta, Chairman and Managing Director, GAIL, in besides R.K. Jain, Director (Finance), GAIL; Deepak Gupta, Director (Projects), GAIL; Ayush Gupta, Director (HR), GAIL; Sanjay Kumar, Director (Marketing), GAIL; Rajeev Kumar Singhal, Director (BD), GAIL; and Rajnesh Singh, Chief Vigilance Officer, GAIL. Joining them on this landmark occasion were Manish Prasad, President and Managing Director, SAP, Indian Subcontinent and other distinguished seniors from GAIL and SAP, who witnessed this significant digital milestone in GAIL's transformation journey. Speaking on the occasion, Sandeep Kumar Gupta, Chairman and Managing Director, GAIL, remarked, 'This is a strategic leap forward that will help us deliver even greater value to our customers, employees and stakeholders.' With this initiative christened 'Navodaya', GAIL said it became the first Maharatna PSU to achieve this milestone. Despite the complexities involved, the implementation and migration have been completed within the scheduled time of one year, it noted. Rakesh Kumar Jain, Director (Finance), GAIL, highlighting the benefits of this new enterprise said 'This transition to a cloud-enabled intelligent ERP system is not about technology - it's about building a stronger, smarter, and more agile enterprise.' Hosted on a robust and scalable cloud platform, this strategic migration, according to GAIL, involved a full transition from the company's legacy ECC system to the next-generation SAP S/4HANA Cloud, strengthening GAIL's IT foundation for future growth and innovation. In his address, Manish Prasad, President and Managing Director, SAP, Indian Subcontinent, said, 'This landmark achievement will help GAIL grow exponentially in efficiency and the journey of AI to achieve new heights.' With this move, GAIL said it is positioned to leverage intelligent technologies such as artificial intelligence, machine learning, and advanced automation--reinforcing its commitment to operational excellence, digital innovation, and resilience in today's dynamic business landscape. (ANI)
Business Standard
2 days ago
- Business
- Business Standard
GAIL (India) goes live with SAP S/4HANA Cloud
GAIL (India) has successfully gone live with SAP S/4 HANA in a formal launch on 25 June 2025. GAIL becomes the first Maharatna PSU to achieve this milestone. Despite the complexities involved, the implementation and migration has been completed within the scheduled time of one year. Hosted on a robust and scalable cloud platform, this strategic migration involved a full transition from the company's legacy ECC system to the next-generation SAP S/4HANA Cloud, strengthening GAIL's IT foundation for future growth and innovation. Powered by Capital Market - Live News
Business Upturn
2 days ago
- Business
- Business Upturn
GAIL becomes first Maharatna PSU to go live with SAP S/4HANA on Cloud
By Aditya Bhagchandani Published on June 26, 2025, 15:12 IST Shares of GAIL (India) Limited are expected to remain in focus on Wednesday, June 26, after the company announced a significant digital transformation milestone. GAIL has become the first Maharatna PSU to successfully go live with SAP's 'RISE with SAP – S/4HANA on Cloud' platform. The formal go-live event took place on June 25, 2025, and was led by Chairman and Managing Director Sandeep Kumar Gupta along with key members of the leadership team and senior SAP officials. The digital initiative, named 'Navodaya,' marks GAIL's transition from its legacy ECC system to the next-generation cloud-based ERP system. Company management highlighted that the migration, completed within one year, will enhance operational efficiency, scalability, and agility. The new platform will allow GAIL to leverage AI, machine learning, and advanced automation tools to strengthen its IT infrastructure for future growth. GAIL's Director (Finance) R.K. Jain emphasized that the move is not just about technology but about building a smarter and more resilient organization. SAP India's MD Manish Prasad noted that the implementation will help GAIL unlock new levels of efficiency and drive its AI-led transformation journey. Investors are likely to track the stock's movement today following this development. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
4 days ago
- Business
- Business Standard
Russian crude flows set to rise despite low discounts, say officials
The Iran-Israel war is likely to see a surge in India's share of Russian crude in the coming months beyond the 10-month high seen in May. This comes even as discounts on Russian crude grades have shrunk to their lowest in two years, said officials. However, they added that it will be difficult to replace liquefied natural gas (LNG) flows from Qatar and the UAE. The threat of a choked Hormuz strait has pushed importers to contract more July-August cargoes from Russia even though tighter sanctions on the Russian fleet have pared discounts. 'We expect discounts to remain at low levels of around $2 per barrel given the demand for Russian crude. There will also be pressures from China. But Russia remains a reliable source,' a refinery official said. With the Iranian regime being sanctioned heavily by the United States, most nations do not officially deal in Iranian crude. But China remains the largest buyer, purchasing 80–90 per cent of Iran's oil exports, which averaged 1.38–1.7 million barrels per day (b/d) in 2024 and early 2025. In March 2025, imports reportedly surged to a record 1.71–1.8 million b/d due to fears of tighter US sanctions, global news outlets tracking energy flows have reported. Importers have doubled down on Russian crude in recent months, imports of which rose to 1.96 million b/d, energy cargo tracker Kpler estimated. Russia accounted for 35.14 per cent of India's crude imports by value in the first nine months of FY25, up from 33.37 per cent. As part of its diversification policy, Indian refineries have also started reducing their reliance on Middle Eastern grades of crude, whenever possible, sources said. According to ICRA, around 45–50 per cent of India's crude oil imports and 54-60 per cent of inbound natural gas pass through the Hormuz strait corridor. With $6.3 billion and $2 billion worth of imports, Qatar and UAE sent more than 56 per cent of the $14.8 billion worth of LNG imported by India in 2024-25. A large chunk of it was under long-term contracts. State-owned Petronet LNG and GAIL currently hold several long-term contracts for supply of LNG from Qatar. The largest of this is Petronet's 7.5 million metric tonnes per annum (MTPA) contract signed with QatarEnergy in 1999. Set to expire in 2028, the contract was renewed earlier this year for 20 more years. It was renewed at a significantly lower price than the earlier deal, and is expected to save India about $0.8 per million British thermal units (mmBtu). This would translate into $6 billion in savings over the contract period. QatarEnergy also won a bid to supply 12 cargoes a year to GAIL under a five-year supply contract beginning in April, 2025. On the other hand, BPCL's 2.4 million tonnes supply deal with UAE's ADNOC over five years began in April. The single largest alternative source was the US despite logistical and price challenges. 'LNG imports from the US have already been a key focus, and spot buying of US volumes was already expected to increase in 2025, even before the latest hostilities started. But the cost will be higher,' said a refinery official. Sending LNG worth $2.46 billion, the US became the second-largest source of LNG for India in FY25, up from third position in the preceding year. Given the flexibility in trade, US LNG has great potential for offtake. If Henry Hub prices are in the $3.5-4 range, it makes good sense to import US volumes, GAIL officials had said earlier. There is great flexibility in contracting on a free-on-board (FOB) basis, and cargoes can be swapped at an opportune time. GAIL is currently importing 5.8 MTPA of LNG annually from the US as part of earlier contracts.
Time of India
5 days ago
- Climate
- Time of India
Dug-up roads create chaos for commuters in city
Patna: The ongoing road repairs and excavation work for various development and pipeline projects in several parts of the city have turned into a daily ordeal for commuters. Incomplete work has left behind open trenches and gravel patches, creating hazardous conditions. Tired of too many ads? go ad free now Intermittent rainfall has further exacerbated the situation, transforming these stretches into waterlogged, muddy pools. Pedestrians are forced to wade through flooded walkways while motorists navigate slushy roads at the risk of accidents. Despite repeated complaints from residents, contractors have failed to meet project deadlines. Numerous areas, including Ashok Rajpath, Ashiana-Digha Road, Boring Road, Jamal Road, S P Verma Road, Lohanipur, Polson Road, S K Puri, Nageshwar Colony, Rajendra Nagar, Rajeev Nagar and Bazaar Samiti, remain riddled with potholes, trenches and incomplete repairs. Residents have expressed frustration over the inadequate repairs and the dangerous debris left scattered, which they say poses a serious threat to public safety. The road construction department and other govt agencies had instructed engineers to complete work and ensure motorable roads by June 5. However, even after the deadline passed, many roads remain in a state of disrepair. Kaushal Kumar, a resident of Mahavir Colony, described the stretch near his home as treacherous. "The situation became miserable even with light drizzle. The potholes and trenches were completely submerged, making it difficult to identify danger spots. It is especially risky for commuters unfamiliar with the area," he said. Anshu Sinha said part of a drain along the road in Rajeev Nagar caved in on Saturday night. "The road was once in good condition, but since work began under the Namami Gange project, it has deteriorated. Tired of too many ads? go ad free now During rain, the drain overflows. If precautions are not taken, this drain and road could become fatal for locals," he said. Ashok Kumar, a resident of Rukunpura, said GAIL had dug a pit in front of his house in Navnit Colony to connect nearby homes to the gas network. "Because of this, my drainage pipeline was damaged, leading to waterlogging in the pit," he said. However, Patna mayor Sita Sahu clarified that most roads had been dug up by agencies working under BUIDCO as part of the Namami Gange project and other schemes. "The Patna Municipal Corporation issued a no-objection certificate along with a deadline, but the agencies failed to complete the projects on time," she said. BUIDCO officials claimed that once the work was completed, the roads were handed over to the road construction department for repair. "We sent the list of all damaged roads in three to four phases. For incomplete projects, agencies are obligated to finish the work, they cannot abandon it," an official said. Animesh Kumar Parashar, commissioner of Patna Municipal Corporation and managing director of BUIDCO, said a list of 42 damaged roads had been handed over to the road construction department. "The agencies have been instructed to ensure the roads are made motorable," he added. Road construction department minister Nitin Nabin said the department had repaired most of the roads under its purview. "However, some roads fall under the jurisdiction of PMC and other government bodies," he added.
