Page 6 - Gail
Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff
Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE
 "Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff")
GAIL improves in Q2 as lockdowns ease, demand for gas grows in cities
Rebound in performance, improved gas transmission prospects and inexpensive valuations are keeping analysts positive.
 "GAIL improves in Q2 as lockdowns ease, demand for gas grows in cities")
Gail net profit dips 8.5% to Rs 1,068 in Q2, revenue drops 24.3%
Major turnaround in petrochemicals; The plant is operating back to normal levels with a jump in production by 65%
 "Gail net profit dips 8.5% to Rs 1,068 in Q2, revenue drops 24.3%")
GAIL, ONGC look to firm up strategies for low oil and gas price regime
India aims to more than double its gas consumption by 2030
 "GAIL, ONGC look to firm up strategies for low oil and gas price regime")
Top headlines: Harley-Davidson exits India, S&P on Indian banking system
From BSE 500 index underperforming since March, GAIL cutting supplies after fire at ONGC plant to S&P on banking system recovery, Business Standard brings you top news of the evening
 "Top headlines: Harley-Davidson exits India, S&P on Indian banking system")
GAIL cuts gas supplies to clients by 40% after fire at ONGC plant in Surat
GAIL (India) Ltd has cut supplies by about 40% to customers, mainly power and fertiliser companies, after a pipeline rupture led to a fire in an Oil and Natural Gas Corp plant, a company source said
 "GAIL cuts gas supplies to clients by 40% after fire at ONGC plant in Surat")
Private investors plan to expand gas pipeline network amid complex policies
Indian and foreign investors have shown interest in the country's plans to expand its domestic gas pipeline network but remain worried about steel capacities at home and the complex pricing policies
Petronet gives outgoing CEO 27% hike in FY20; launches search for new chief
Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020)
 "Petronet gives outgoing CEO 27% hike in FY20; launches search for new chief")
GAIL: Demand, fertiliser plants, city-gas distribution to drive earnings
Rising gas demand, new fertiliser plants to drive earnings
 "GAIL: Demand, fertiliser plants, city-gas distribution to drive earnings")
GAIL sees gas sales returning to pre-Covid-19 levels by quarter end
State-owned gas utility GAIL India Ltd sees its gas demand returning to pre-Covid-19 levels by the end of the current quarter as the expansion of the city gas network will offset shrinking consumption
Indian Energy Exchange plans minority stake sale in gas venture: CEO
The largest electricity trading platform in India may sell as much as 49% in the venture in a series of deals
 "Indian Energy Exchange plans minority stake sale in gas venture: CEO")
Gas economy: Centre planning to change LNG pipeline pricing policy
The second of the two-part series talks about why zonal pricing may be on the way out
 "Gas economy: Centre planning to change LNG pipeline pricing policy")
GAIL consolidated profit before tax rises 62% in Q4 to Rs 3,598 crore
The consolidated revenue for the period under review has seen a decline by 6 per cent, from Rs 19,078.3 crore during the January-March quarter of 2018-19 (FY19) to Rs 17,938 crore in Q4 FY20
Market Ahead, June 24: Top factors that could guide markets today
The SGX Nifty, though, is trading with a slight cut and is indicating an open around 10,470 levels for the Nifty today
 "Market Ahead, June 24: Top factors that could guide markets today")
Market Ahead, June 22: Top factors that could guide markets this week
The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
 "Market Ahead, June 22: Top factors that could guide markets this week")
Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC
The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July
 "Will withdraw 96% of Rs 4 trn AGR-related dues against PSUs: Centre to SC")
GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered
Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.
 "GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered")
Market Ahead, June 16: All you need to know before the opening bell
The SGX Nifty is up around 170 points from yesterday's close and is indicating an open at around 9,980 levels for the Nifty today
 "Market Ahead, June 16: All you need to know before the opening bell")
Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy
Plan is to unbundle GAIL into two firms --- one for gas transmission, other for marketing; Ernst and Young appointed consultant
 "Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy")
GAIL steel pipe tenders worth Rs 1,000 cr in process under going-local plan
Pradhan reviews Rs 8,000 cr worth projects to align with PM Modi's Aatmanirbhar Bharat plan
 "GAIL steel pipe tenders worth Rs 1,000 cr in process under going-local plan")
