Page 9 - Gail

GAIL stock takes 12% knock on tariff revision, modest uptick in HVJ levy

The company will continue to benefit from growth in gas volumes, led by strong demand, higher availability, and marketing profits

Gail to list its subsidiary Gail Gas, aims to invest Rs 54,000 cr in 2 yrs

Out of total expenditure planned, Gail plans to invest Rs 12,000 crore in city gas distribution networks to retail Compressed Natural Gas (CNG) to automobiles and piped natural gas

GAIL offers winning bid for IL&FS wind assets, with no haircut for lenders

Quotes price of Rs 4,800 crore for 873 Mw assets; proposal unanimously approved by CoC

GAIL, BHEL sign pact for development of solar power projects

GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor

Besides volume ramp-up, profitability to remain healthy for GAIL, IGL

The optimism also stems from the outlook for volume growth of the companies

Hike in gas pipeline tariffs likely to remain a key trigger for GAIL

With margins for select segments set to fall on lower oil prices, tariff hikes will aid earnings growth

NCLT grants Gail India operational creditor status in Alok Industries case

However, two-member bench of tribunal did not go into merit of GAIL's claims for dues worth Rs 506 crore

GAIL purchases steel pipes worth Rs 11 bn for Barauni-Guwahati gas pipeline

Work on the 729-km pipeline will commence from December

GAIL on strong wicket aided by robust LNG demand, share price may rise

GAIL's share price has risen 24 per cent from a May low, on the back of multiple triggers. Rising natural gas prices have eased concern on placement of higher-priced liquefied natural gas (LNG) cargoes from the US. Improvement in transmission, distribution and trading segment volumes and profitability are positives, as is uptick in the petrochemicals business. Most segments did beter than expected in the June quarter. The other positive is the government's clarification about not splitting the natural gas transmission and trading/marketing business into independent entities. The ministry clarified the government's intention of ensuring GAIL's complete focus on building of gas infrastructure and sales. It did indicate sell-off plans for the petchem segment, given the need to meet divestment targets. These plans are, however, at a nascent stage. The government will also wait for the right valuation. The Street is not worried about sale of non-core petchem segments, as it is a cyclical

GAIL to roll out training programmes for unskilled workers in Odisha

The projects are being launched on the occasion of the birth anniversary of Madhusudan Das, who laid the foundation of industrialization in Odisha

GAIL to sign pacts with Tata Steel, JSPL, Vedanta for gas supplies

GAIL (India) Ltd will enter into pacts with aluminum and steel majors in Odisha for supply of natural gas from December 2019. The gas major will sign term sheets with companies including Steel Authority of India Ltd (Rourkela), Tata Steel (Kalinganagar), Vedanta (Jharsuguda), Jindal Stainless Ltd (JSL), Jindal Steel and Power Ltd (JSPL) and Indian Metal and Ferro Alloys (IMFA). The memorandum of understanding (MoUs) with the companies would be signed on the occasion of the laying of foundation stone for new Dhamra-Angul 36 inch main line and Bhubaneswar-Cuttack-Paradip 12 inch spur line on December 17 by Dharmendra Pradhan, Union minister of petroleum & natural gas and skill development & entrepreneurship. "Our marketing team has identified 11 industries for supply of natural gas. We will sign the MoUs on the occasion. Together, 1.2 million standard cubic meters a day (mmscmd) gas will be supplied to these industries", said Ashutosh Karnatak, director (projects), .

GAIL hires drones to secure 15,000-km gas pipelines

The drones will be used to patrol the pipeline to detect physical abnormal activity like encroachment or intrusion on the pipeline

GAIL India to skip mid-term LNG deals for 2018 as US imports rise

GAIL has signed contracts for sourcing up to 5.8 million tonnes of LNG from the United States

GAIL to invest Rs 12,940 cr on natural gas pipeline network

State run company GAIL (India) Ltd has committed an investment of Rs 12,940 crore to expand its natural gas pipeline network to 18,000 km, up from 11,000 km presently."Our envisaged pipeline network is expected to be completed by December 2020. The natural gas pipeline network would cover 769 km in Odisha where the investment would be Rs 4000 crore", said Ashutosh Karnatak, director (projects), GAIL (India) Ltd.With over 11,000 km of natural gas network, GAIL meets the country's fuel requirement across sectors like power, fertilizers, industrial, automotive and even household consumers. It has a share of over 75 per cent in natural gas transmission.Banking on its natural gas network, GAIL aims to have 10 million piped natural gas connections across the country by 2002.GAIL also plans to develop five green corridors in the country, Karnatak informed. The natural gas company is considering a plan to have a green corridor along the Ahmedabad-Mumbai national highway. The company is ...

Unified tariff a fresh trigger for GAIL

The proposal by the Petroleum and Natural Gas Regulatory Board (PNGRB) to put in place a unified tariff for all pipelines is a shot in the arm for GAIL.The stock, which gained nearly six per cent on Friday and another 3.5 per cent on Tuesday to close at ~433.60, can see more gains. The Street's optimism stems from the fact that the new proposal, if accepted, will not only lead to improved tariffs for the company and consequently higher return ratios, but also boost gas demand.Sector regulator PNGRB, has proposed to implement a "unified or pooled" method for computing gas transmission tariffs for cross-country pipelines or all connected ones of a company. GAIL, which has India's largest pipeline network, stands to gain the most. Under the new method, the tariff will be computed by pooling capital and operating expenditures across pipelines and in proportion to cumulative volumes. Analysts said such tariffs might then be applied on a zonal/postal and other geographical basis, according .

GAIL: Unified tariff proposal adds a fresh trigger

The company's earnings visibility can improve with implementation of unified tariff

GAIL swaps 60% of US LNG volumes: Chairman B C Tripathi

GAIL had in May signed a first-ever time-swap deal to sell some of its US LNG

GAIL gets a fresh trigger with Gorgon negotiation

The contract raises optimism on firm's high-priced deals with US players

GAIL's bets pay off

GAIL has corrected significantly from highs of Rs 433 in May this year to Rs 372.45 levels now. The street was concerned about the declining trend of crude oil prices and higher priced take-or-pay US liquified natural gas (LNG) contracts starting this year. On the positive side, the crude oil prices have started rebounding, which should offset concerns on profitability of various segments such as petrochemicals. The good performance in the June quarter in spite of planned maintenance shutdown at its petrochemical facilities should add to the confidence. Petchem sales volumes rose 19 per cent year-on-year though down 30 per cent sequentially. The segment has continued to benefit from ramped up capacities and also lower natural gas prices (reworked RasGas, Qatar contracts) resulting in lower input costs helping boost profitability. The volumes are expected to rebound in the September quarter.Petrochemical weakness was partially offset by strong earnings in liquefied petroleum gas (LPG) .

GAIL cancels tender over policy to buy local steel

Value of the project was Rs 1,200 cr