Latest news with #GAILIndia
Economic Times
10-07-2025
- Business
- Economic Times
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 and Purchase Agreement. The extension is for 15 years. It will be effective from July 1, 2025. 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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 (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 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 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)
Time of India
02-07-2025
- General
- Time of India
Gas leak sparks panic in city, no casualties reported
Ranchi: Panic gripped the Anantpur locality on Wednesday morning after two domestic piped natural gas (PNG) pipelines, laid by GAIL India, were damaged during drain excavation work in nearby Niwaranpur. Tired of too many ads? go ad free now The incident led to a gas leak, prompting residents and shopkeepers to flee. "The pipeline was hit during service lane excavation work. GAIL and residents were alerted," said Sunil Kumar, urban development and housing department secretary. "The smell was strong, and someone shouted that it was gas. I switched off all electrical appliances and rushed my children outside," said Poonam Devi, a resident of Anantpur Road. Shopkeeper Rajesh Prasad added, "People were shouting and running, and many traders downed their shutters." "The leak occurred during drain excavation work, when a mechanical digger hit two gas lines lying about 1 metre deep. There was a warning sign installed, but in the rush of construction, it was likely ignored," said Mahesh Toppo, a resident. GAIL engineers rushed to the site, and the gas supply in the area was suspended. Firefighters and technical teams were deployed. The gas, under less than 2.6 millibar pressure, dispersed in the open air. "This was a low-pressure pipeline meant for households. Due to its open location and minimal pressure, the leaked gas dissolved into the atmosphere. The repair has begun, and supply will resume only after full safety checks," said Prashant Singh, deputy general manager, GAIL India. Ranchi currently has over 10,000 households connected to PNG, with plans to add 37000 more within a year. A 650 km network of pipeline spans areas like Tupudana, Doranda, Morabadi, Kanke, Singhmore, Jhiri, Nayasarai, and Daladali. Gas is transmitted from JHBDPL at 65- 90 kg/cm², enters Ranchi at 19- 21 kg/cm², via a City Gate Station (CGS) on the city's outskirts. and reaches homes at a safe 20 millibars via DRS
Time of India
02-07-2025
- General
- Time of India
PNG leak sparks panic in city's Anantpur, none hurt
Ranchi: Panic gripped the Anantpur locality on Wednesday morning after two domestic piped natural gas (PNG) pipelines, laid by GAIL India, were damaged during drain excavation work in nearby Niwaranpur. The incident led to a gas leak, prompting residents and shopkeepers to flee. "The pipeline was hit during service lane excavation work. GAIL and residents were alerted," said Sunil Kumar, urban development and housing department secretary. "The smell was strong, and someone shouted that it was gas. I switched off all electrical appliances and rushed my children outside," said Poonam Devi, a resident of Anantpur Road. Shopkeeper Rajesh Prasad added, "People were shouting and running, and many traders downed their shutters." "The leak occurred during drain excavation work, when a mechanical digger hit two gas lines lying about 1 metre deep. There was a warning sign installed, but in the rush of construction, it was likely ignored," said Mahesh Toppo, a resident. GAIL engineers rushed to the site, and the gas supply in the area was suspended. Firefighters and technical teams were deployed. The gas, under less than 2.6 millibar pressure, dispersed in the open air. "This was a low-pressure pipeline meant for households. Due to its open location and minimal pressure, the leaked gas dissolved into the atmosphere. The repair has begun, and supply will resume only after full safety checks," said Prashant Singh, deputy general manager, GAIL India. Ranchi currently has over 10,000 households connected to PNG, with plans to add 37000 more within a year. A 650 km network of pipeline spans areas like Tupudana, Doranda, Morabadi, Kanke, Singhmore, Jhiri, Nayasarai, and Daladali. Gas is transmitted from JHBDPL at 65- 90 kg/cm², enters Ranchi at 19- 21 kg/cm², via a City Gate Station (CGS) on the city's outskirts. and reaches homes at a safe 20 millibars via DRS
The Hindu
06-06-2025
- Business
- The Hindu
With breakwater in place, GAIL's Dabhol LNG Terminal turns all weather port, receives first vessel in monsoon
State-owned GAIL India's Dabhol LNG Terminal received its first liquefied natural gas cargo during monsoon on the back of commissioning of a crucial breakwater. With the commissioning of the breakwater, the terminal has been designated an all-weather port. It is a critical transformation ensuring safe and reliable LNG operations even during the Southwest monsoon, which traditionally is a challenging period for marine logistics on India's West coast, GAIL said on Friday. It said this announcing that the first LNG vessel was successfully berthed and discharged at the Dabhol LNG Terminal following completion of the breakwater project. GAIL Bhuwan, the vessel, was received on June 2 by CMD Sandeep Kumar Gupta and Director (Marketing) Sanjay Kumar, marking commencement of uninterrupted, round-the-year operations at the terminal, the natural gas transmission and marketing company said. With regasification capacity of 5 million tonnes per annum, the LNG Terminal serves as a vital link in India's gas supply network via the Dabhol-Bangalore and Dabhol-Panvel cross-country pipelines. Unlike conventional land-connected structures, Dabhol is an island breakwater showcasing a feat of advanced marine engineering and involving extensive collaboration among multiple stakeholders. The ambitious project posed complex technical challenges and required innovative, customised solutions, GAIL said. Expansion on cards The commissioning of the facility is expected to significantly enhance vessel accessibility and improve capacity utilisation at the terminal, bolstering energy infrastructure and supply reliability. GAIL is considering expanding the terminal's capacity to 6.3 MTPA in the first phase over next three years. Once expanded, the terminal is expected to handle up to 100 LNG cargoes annually, something important in the context of India's target to increase natural gas consumption to 15% in its energy mix from existing 6%.
Reuters
06-06-2025
- Business
- Reuters
India's GAIL sells LNG cargo as early monsoons cause weak power demand, say sources
SINGAPORE, June 6 (Reuters) - GAIL (India) Ltd ( opens new tab has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm's storage tanks for the fuel are full amid weak power demand in India. Fewer LNG imports by GAIL, the country's largest gas distributor, could reduce India's overall appetite for the super-chilled fuel. India is the world's fourth largest LNG buyer, importing about 26 million metric tons last year as it goes through rapid urbanisation and industrialisation and to meet growing power demand. However, GAIL's LNG tanks are filled to the brim as power demand slumped due to cooler weather from the monsoon season, leading the company to sell its LNG cargo, said two of the sources. GAIL did not immediately respond to a request for comment. The three sources did not identify which cargo GAIL sold, but shiptracking data shows two LNG vessels controlled by GAIL diverting from their routes this week. LNG tanker Gail Urja, which is currently in the southern Atlantic Ocean, was en-route to reach the Dahej terminal in India on June 21 before it made a U-turn on June 5 to head to the Gate LNG terminal in the Netherlands, Kpler data showed. The vessel loaded LNG at Cove Point, Maryland, in the United States on May 21-22, Kpler and LSEG data showed. GAIL has a 20-year deal to lift 2.3 million metric tons per annum of LNG from Cove Point. It typically takes about four weeks for LNG tankers to travel from Cove Point to India. Meanwhile another LNG tanker, Grace Emilia, has changed its course several times around Reunion Island and Mauritius since June 2, the data showed. The vessel is now heading towards Asia. India's weather office had forecast an above-average monsoon season for the second straight year in 2025, with annual rains arriving at their earliest in 16 years. The early monsoons had alleviated sweltering temperatures nationwide at the end of summer, with a sharp drop in temperatures cutting electricity consumption and briefly pushing down prices to near zero on power exchanges. Increased generation from hydropower and nuclear had also led to a decline in natural gas-fired power output, which in May fell at the steepest rate in nearly three years.
