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
A cabinet committee's approval for a mechanism to use regasified liquefied natural gas (RLNG) to improve utilisation of grid-connected gas-based power plants initially provided some euphoria for LNG entities Petronet LNG, GAIL and Gujarat State Petronet
The Cabinet committee’s approval for a mechanism to use RLNG to improve utilisation of grid-connected gas-based power plants did initially provide some euphoria for LNG players like Petronet LNG, GAIL and GSPL.
In the new mechanism for gas-based power plants, key suppliers GAIL and Gujarat State Petronet (GSPL) might have to forgo 50 per cent of their transmission rate and 75 per cent of marketing margin in supplying imported regassified liquefied natural gas
Shares of Gail (India) and Gujarat State Petronet (GSPL) were trading higher on the bourses in early morning trade on reports that the government will be allowed these companies to import gas on spot basis.
Oil regulator PNGRB has suggested a maximum marketing margin on natural gas sold to fertilizer and LPG plants of about 11.5 cents, less than what state-run GAIL and Reliance Industries currently charge from gas users.
Petroleum Minister Dharmendra Pradhan on Wednesday pitched for early selection and appointment of a leader to head the consortium of companies to build the ambitious cross-country Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.