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GAIL India issues tender to buy and sell LNG cargoes from US: Report

It is also seeking a cargo for delivery into India in May or August, 2021 on a delivered ex-ship (DES) basis

GAIL chief Manoj Jain appointed CMD of Mahanagar Gas as well

Manoj Jain, the chairman and managing director of national gas major GAIL, has been appointed as the head of the city gas distributor Mahanagar Gas as well. Jain took over as the chairman and managing director of Mahanagar Gas on May 6, the company, which supplies piped natural gas to households and auto and industrial gas in Mumbai and its suburbs, said in a statement on Thursday. Jain, a mechanical engineer and MBA, has vast experience of over 34 years with GAIL in various fields such as business development, projects, O&M, petrochemicals, pipeline integrity management and marketing. As the CMD of GAIL, he is also the chairman of GAIL subsidiaries such as GAIL Global USA Inc, GAIL Global USA LNG, GAIL Gas, Brahmaputra Cracker & Polymer, Konkan LNG and a director of Petronet LNG. Jain spearheaded installation and commissioning of the USD 1.4 billion grassroots petrochemical complex, as chief operating officer of Brahmaputra Cracker. Mahanagar Gas Ltd (MGL) is the sole ...

GAIL chief Manoj Jain takes over as chairman of Mahanagar Gas

Manoj Jain, chairman and managing director of national gas major GAIL, has been appointed as chairman of the city gas distributor Mahanagar Gas Ltd as well. Jain took over as the chairman of Mahanagar Gas Ltd (MGL) on May 6, the company said in a statement on Thursday. On Thursday, PTI erroneously reported that Jain has taken over as chairman and managing director of MGL. MGL, promoted by GAIL, supplies piped natural gas to households and auto and industrial gas in Mumbai and its suburbs. Jain, a mechanical engineer and an MBA, has experience of over 34 years with GAIL in various fields such as business development, projects, O&M, petrochemicals, pipeline integrity management and marketing. As the CMD of GAIL, he is also the chairman of its subsidiaries such as GAIL Global USA Inc, GAIL Global USA LNG, GAIL Gas, Brahmaputra Cracker & Polymer and Konkan LNG. Jain spearheaded installation and commissioning of the USD 1.4 billion grassroots petrochemical complex, as chief ...

GAIL chief Manoj Jain now takes over as chairman of Mahanagar Gas

MGL, promoted by GAIL, supplies piped natural gas to households and auto and industrial gas in Mumbai and its suburbs

Market Ahead, April 24: Top Factors That Could Guide Markets Today

A major event investors will track today will be the meeting between Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman to finalise a second stimulus package

Shale holdings of RIL, GAIL come under pressure amid oil price crash

Though WTI recovered, investment in alternative fuels like shale has become unviable.

Use of Force Majeure Clause by GAIL, IOC expected to end in disputes

Force majeure is a part of contracts in India, where companies will be excused from paying penalties for non-performance, in case of an unforeseen event outside their control.

Lower oil prices would lead to direct reduction in GAIL earnings : Analysts

Start of new fertiliser plants offers some comfort, but disparity between procurement and selling price of gas would hurt profitability, say analysts

A telecom crisis, once again

An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now

Former GAIL chairman BC Tripathi joins Essar Oil UK as board member

Essar in its statement said that Tripathi will drive the investment strategy and play a key role in providing strategic direction to EGFL

Non-telecom PSUs to take common legal recourse for AGR: GAIL chairman

GAIL lines up Rs 1 trillion capex for next five years

AGR dues: DoT seeks Rs 7,608 cr from GAIL for FY18, doesn't press for full

The telecom department had previously estimated past dues to the tune of Rs 1.83 trillion, but it does not seem to be pressing for immediate full payment from the state-owned gas utility

GAIL to invest Rs 1.05 trn to create infrastructure for gas-based economy

India currently consumes some 160 million standard cubic meters of gas per day and the consumption has to rise to 600 mmscmd to reach 15 per cent share in the energy mix

Transmission volumes, unified tariff among triggers to fire up GAIL

Other factors that should benefit GAIL include the new US liquefaction terminals, and inclusion of gas in GST

GAIL (India) up 7% post December quarter results; analysts maintain 'buy'

The company said rise in profit is mainly due to better physical performance, better margins in gas marketing and liquid hydrocarbons.

GAIL reports 22% rise in Q3 PBT at Rs 1,872 crore; net profit down 25%

Net profit saw a 25 per cent drop due to slump in margins on natural gas marketing, LPG and liquid hydrocarbons

GAIL reports 25% drop in Q3 net profit due to slump in marketing margins

The net profit at Rs 1,250.65 crore in October-December was 25.6 per cent lower than Rs 1,681.23 crore profit earned in the same period a year ago

Top events of the day: Pleas in SC on Shaheen Bagh, SC/ST act, and more

A Bench of Justice Arun Mishra, Justice Vineet Saran and Justice Ravindra Bhat will pronounce the verdict on pleas challenging the Act

Oil ministry seeks nod to split GAIL; pipeline business may be sold later

Sources said to resolve the conflict arising out of the same entity owning the two jobs, bifurcating GAIL is being considered

Top headlines: Housing sales fall 9%, GAIL to invest 45,000 cr in gas infra

From falling housing sales to GAIL's Rs 45,000 crore investment to create infra for gas-based economy, here are the day's top headlines