&w=3840&q=100)
GAIL discharges first LNG vessel at Dabhol Terminal in monsoon season
The vessel GAIL Bhuwan arrived on June 2, 2025, and was received by Chairman and Managing Director Sandeep Kumar Gupta, along with Director (Marketing) Sanjay Kumar. This development marks the start of uninterrupted, year-round operations at the terminal, the company said in a regulatory filing.
With the breakwater now fully operational and all statutory approvals secured, the Dabhol Terminal has officially been designated an all-weather port. This enables safer, more reliable LNG handling throughout the year—particularly during monsoon months, when marine activity along India's western coast is typically disrupted.
Strategic hub in India's gas grid
Located on Maharashtra's coastline, the Dabhol LNG Terminal is a critical component of India's natural gas infrastructure. It currently has a regasification capacity of 5.0 million metric tonnes per annum (MMTPA), feeding into the national grid via the Dabhol–Bangalore and Dabhol–Panvel pipelines.
Unlike conventional land-connected systems, Dabhol's island breakwater design is a feat of advanced marine engineering. GAIL noted that the project overcame multiple technical challenges through innovative, customised solutions and collaboration across various stakeholders.
The commissioning of the breakwater is expected to significantly boost vessel access and improve capacity utilisation, helping reinforce India's energy supply chain.
Q4 financial performance
On May 13, GAIL reported a consolidated net profit of ₹2,491.76 crore for the quarter ended March 31, 2025 (Q4 FY25), marginally up from ₹2,468.71 crore in Q4 FY24.
Sequentially, however, net profit dropped nearly 39 per cent from ₹4,081.56 crore reported in Q3 FY25.
Consolidated revenue from operations rose 11.3 per cent year-on-year to ₹36,551.15 crore in Q4 FY25, though slightly down from ₹36,937.05 crore in the previous quarter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
19 minutes ago
- First Post
Trump says he heard India halted Russian oil purchases after tariff threat, calls it 'good step'
US President Donald Trump said that he had heard India had halted the purchase of Russian oil after his administration introduced a 25% tariff on Indian goods. Trump went on to call it a 'good step' read more Days after introducing high tariffs against India, US President Donald Trump said on Friday that he heard that India is no longer purchasing oil from Russia. While speaking to the reporters, Trump went on to describe the halting of oil purchases as a 'good step'. 'I understand India no longer is going to be buying oil from Russia,' Trump told reporters as he departed the White House for his weekend trip to his Bedminster Golf Club in New Jersey. 'That's what I heard. I don't know if that's right or not, but that's a good step. We'll see what happens,' he said. STORY CONTINUES BELOW THIS AD Earlier this week, Trump accused New Delhi of committing unfair trade practices by extensively purchasing oil and military equipment from Russia. 'INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,' he wrote on Wednesday on Truth Social. #WATCH | "I understand that India is no longer going to be buying oil from Russia. That's what I heard, I don't know if that's right or not. That is a good step. We will see what happens..." says, US President Donald Trump on a question by ANI, if he had a number in mind for the… — ANI (@ANI) August 1, 2025 However, he is yet to reveal the specifics of the 'penalty'. While Trump admitted that India is a 'friend'. He slammed India's trade barriers and Russia connections. 'India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World,' he wrote. STORY CONTINUES BELOW THIS AD The trade between the US and India has remained substantial for decades, with goods reaching $129 billion in 2024, and Washington running a $45.7 billion trade deficit, according to the Office of the United States Trade Representative. India looks for options Trump's remarks on the matter came days after multiple media reports suggested that Indian state refiners have temporarily paused Russian oil purchases due to narrowing discounts and shipping challenges. However, the Indian government has yet to confirm the move officially. Meanwhile, the Ministry of External Affairs Spokesperson Randhir Jaiswal on Friday responded to the criticisms hurled by the Trump administration and defended India's longstanding partnership with Russia. 'India and Russia share a steady and time-tested partnership,' he said. Jaiswal also reaffirmed the strength of the India-US relationship, noting it is based on 'shared interests, democratic values, and robust people-to-people ties,' and expressed confidence that bilateral relations would continue to move forward despite current tensions.
India Today
31 minutes ago
- India Today
Good step: Trump welcomes reports of India possibly halting Russian oil imports
US President Donald Trump on Friday welcomed reports that India may stop buying Russian oil, calling it a 'good step,' though he acknowledged he was not sure if the claim was to a question by ANI about whether he had a number in mind for potential penalties or plans to engage with Prime Minister Narendra Modi, Trump said: 'I understand that India is no longer going to be buying oil from Russia. That's what I heard. I don't know if that's right or not. That is a good step. We will see what happens.'#WATCH | "I understand that India is no longer going to be buying oil from Russia. That's what I heard, I don't know if that's right or not. That is a good step. We will see what happens..." says, US President Donald Trump on a question by ANI, if he had a number in mind for the ANI (@ANI) August 1, 2025advertisementHis comments come amid heightened geopolitical pressure on countries that continue purchasing Russian oil, as the US intensified efforts to curb Moscow's revenue streams during the ongoing Ukraine war. India, the world's third-largest oil importer, has been a key buyer of discounted Russian oil since Western sanctions were imposed on Moscow in recent media reports suggest that Indian state refiners have temporarily paused Russian oil purchases due to narrowing discounts and shipping challenges. The Indian government has yet to officially confirm this remark also follows a week of sharp criticism directed at India. In a post on Truth Social, he slammed New Delhi for maintaining high tariffs and 'obnoxious' trade barriers while continuing to purchase Russian energy and military White House recently announced a 25 per cent tariff on all Indian exports to the US, along with an unspecified 'penalty' for its continued energy trade with to the developments, Randhir Jaiswal, spokesperson of the Ministry of External Affairs, defended India's long-standing ties with Moscow.'India and Russia share a steady and time-tested partnership,' he said. Jaiswal also reaffirmed the strength of the India-US relationship, noting it is based on 'shared interests, democratic values, and robust people-to-people ties,' and expressed confidence that bilateral relations would continue to move forward despite current tensions.- EndsTune InMust Watch
Time of India
34 minutes ago
- Time of India
GST mop-up resists geopolitical turmoil, climbs 7.5% in July
Goods and services tax ( GST ) collections rose 7.5% in July to Rs 1.95 lakh crore from a year earlier, despite prevailing geopolitical tension and its spillover on consumer sentiment, official data released on Friday revealed. In June, the mop-up was Rs 1.84 lakh crore. Experts said that the overall trend shows a stable consumption pattern as gross collections from April to July stood at Rs 8.18 lakh crore, marking a growth of 10.7% from the year earlier. 'Looking at the year-to-date figures, the robust GST collections confirm that the Indian economy is on a consistent growth trajectory, which is a testament to its resilience,' said Saurabh Agarwal, tax partner, EY India. Explore courses from Top Institutes in Please select course: Select a Course Category MCA Data Science Finance Product Management Cybersecurity Project Management Technology Healthcare Management Artificial Intelligence PGDM CXO Digital Marketing MBA Others Data Science Operations Management Design Thinking Data Analytics healthcare others Leadership Degree Public Policy Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details 'While we may see some seasonal moderation in August, the overall trend is very positive and a clear indicator of India's robust economic growth.' Gross domestic revenue grew 6.7% to Rs 1.43 lakh crore, while tax from imports rose 9.5% to Rs 52,712 crore. Manufacturing activity in July remained resilient despite global challenges, with output rising to a 16-month high of 59.1, supporting the overall economic momentum. Total refunds for the month stood at Rs 27,147 crore, up 66.8% against the same month last year. 'GST refunds picking up, not just for exports but also for domestic supplies, reflects maturity of the GST regime,' said Abhishek Jain, indirect tax head and partner, KPMG. 'Higher refunds on domestic supplies could be from excess tax payments, inverted duty structures, and other adjustments. The increased refunds should aid cash flows for businesses.' Collections, net of refunds, stood at Rs 1.69 lakh crore, marking 1.7% year-on-year growth. States continued to show a mixed trend. 'The growth in state revenues amongst large producing and consuming states has been very low, ranging from 2% (Delhi), 3% (Gujarat), 4% (Rajasthan), 6% (Maharashtra), 7% (Karnataka) to 8% (Tamil Nadu),' said MS Mani, tax partner, Deloitte. Among the larger states, West Bengal (12%), Andhra Pradesh (14%) and Madhya Pradesh (18%), posted double digit growth in collections.
