State gas utility GAIL India has re-invited bids to hire nine newly-built LNG ships on modified terms that allow Indian shipyards to pick up to 13 per cent stake in three of these carriers that shipbuilders have to make in the country.
State-owned gas utility GAIL India Ltd today reported a 32 per cent 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.
GAIL (India) Ltd , a state-run gas utility, has agreed to sell 2 million tonne of liquefied natural gas per year out of its US portfolio, its chairman B C Tripathi said on Wednesday, but did not elaborate.
Benchmark share indices had a choppy ride on the first session of the July F&O series before ending with modest losses, amid weak Asian cues, as the Shanghai markets slumped on margin crackdown and policy uncertainty.
GAIL reported a dismal set of numbers for the quarter ending March 2015. Immense losses suffered by the petrochemical segment and the lower trading/marketing margins had a sharp bearing on its performance, which came in below Street expectations.
Gail (India) has weakened by 2% at Rs 379 on the NSE after the company reported a lower-than-expected net profit at Rs 511 crore for the quarter ended March 31, 2015 (Q4) due to poor performance from the petrochemicals business.
Two workers were killed and three others were reportedly injured by the impact of a sudden burst of an LPG pipeline owned by Gas Authority of India Limited (GAIL) at Durajpally village in Nalgonda district, about 140 km from here, at around 1 pm on