Gail (India) dipped 5% to Rs 369 on the National Stock Exchange (NSE) in early morning trade on profit booking as the stock started trading ex-bonus in the ratio of 1:3 i.e the issuance of one bonus share for existing three equity shares.
State gas utility GAIL India Ltd on Tuesday reported a 180 per cent jump in net profit in the second quarter ended September on the back of turnaround in petrochemical business and reduction in interest cost.
Shares of oil & gas companies were trading firm in otherwise range-bound market with Oil and Natural Gas Corporation (ONGC), Petronet LNG and Gail (India) hitting their respective 52-week highs on the BSE in intra-day trade.
State gas utility GAIL India on Wednesday reported a 244 per cent jump in its June quarter net profit, boosted by a turnaround in petrochemical business and sale of stake in Mahanagar Gas, which retails compressed natural gas (CNG) in Mumbai.
GAIL India Ltd is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources familiar with the matter say, as weak demand at home forces it to stall some contracted supply.
On Thursday, the Centre launched a first-of-its-kind pilot programme in the country to run two-wheelers on compressed natural gas (CNG) in New Delhi, an initiative that is expected to be taken to two more cities.
India's leading gas importers are benefiting from easing prices of Liquefied Natural Gas prices with promises of strong profits in the coming months, Japanese financial services firm Nomura has said in a report.
Easing prices of liquefied natural gas (LNG) globally will be a boon for a lot of Indian companies which use it as an input. Unlike in the past, experts say global LNG has turned into a buyer’s market.
Bhagyanagar Gas Limited, a joint venture of GAIL (India) Ltd and HPCL Ltd, will connect one lakh new households in Hyderabad to Piped Natural Gas (PNG) within next two years and more than 2.5 lakh by 2021, Oil Minister Dharmendra Pradhan said on Sunday.
Country's biggest natural gas transporter GAIL India Ltd has reconfigured the Rs 12,000 crore Jagdishpur-Haldia pipeline, which will connect Prime Minister Narendra Modi's political constituency Varanasi to the gas grid, to link the Dhamra terminal.