Latest news with #GAIL
Economic Times
3 hours ago
- Business
- Economic Times
Deploy Bull Call Spread in GAIL to play a bullish bet
GAIL shares have been trading at Rs 193.64, nearing a potential breakout from a Cup and Handle pattern on the daily to analysts, the stock has formed a strong bullish candle with rising volumes. This indicates growing buying interest and building pressure near the neckline of the pattern. 121745454'A decisive close above Rs 195 will confirm the breakout and could open the gates for a fresh rally in the coming sessions,' said GAIL shares have been trading at Rs 193.64, nearing a potential breakout from a Cup and Handle pattern on the daily to analysts, the stock has formed a strong bullish candle with rising volumes. This indicates growing buying interest and building pressure near the neckline of the pattern. 121745454'A decisive close above Rs 195 will confirm the breakout and could open the gates for a fresh rally in the coming sessions,' said GAIL shares have been trading at Rs 193.64, nearing a potential breakout from a Cup and Handle pattern on the daily to analysts, the stock has formed a strong bullish candle with rising volumes. This indicates growing buying interest and building pressure near the neckline of the pattern. 121745454'A decisive close above Rs 195 will confirm the breakout and could open the gates for a fresh rally in the coming sessions,' said GAIL shares have been trading at Rs 193.64, nearing a potential breakout from a Cup and Handle pattern on the daily to analysts, the stock has formed a strong bullish candle with rising volumes. This indicates growing buying interest and building pressure near the neckline of the pattern. 121745454'A decisive close above Rs 195 will confirm the breakout and could open the gates for a fresh rally in the coming sessions,' said FONT SIZE SAVE PRINT COMMENT
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Business Standard
4 days ago
- Business
- Business Standard
GAIL discharges first LNG vessel at Dabhol Terminal in monsoon season
GAIL (India) Ltd has successfully discharged its first liquefied natural gas (LNG) vessel at the Dabhol LNG Terminal following the completion of its Breakwater Project, enabling operations even during the Southwest monsoon. 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.
The Hindu
4 days ago
- Business
- The Hindu
With breakwater in place, GAIL's Dabhol LNG Terminal turns all weather port, receives first vessel in monsoon
State-owned GAIL India's Dabhol LNG Terminal received its first liquefied natural gas cargo during monsoon on the back of commissioning of a crucial breakwater. With the commissioning of the breakwater, the terminal has been designated an all-weather port. It is a critical transformation ensuring safe and reliable LNG operations even during the Southwest monsoon, which traditionally is a challenging period for marine logistics on India's West coast, GAIL said on Friday. It said this announcing that the first LNG vessel was successfully berthed and discharged at the Dabhol LNG Terminal following completion of the breakwater project. GAIL Bhuwan, the vessel, was received on June 2 by CMD Sandeep Kumar Gupta and Director (Marketing) Sanjay Kumar, marking commencement of uninterrupted, round-the-year operations at the terminal, the natural gas transmission and marketing company said. With regasification capacity of 5 million tonnes per annum, the LNG Terminal serves as a vital link in India's gas supply network via the Dabhol-Bangalore and Dabhol-Panvel cross-country pipelines. Unlike conventional land-connected structures, Dabhol is an island breakwater showcasing a feat of advanced marine engineering and involving extensive collaboration among multiple stakeholders. The ambitious project posed complex technical challenges and required innovative, customised solutions, GAIL said. Expansion on cards The commissioning of the facility is expected to significantly enhance vessel accessibility and improve capacity utilisation at the terminal, bolstering energy infrastructure and supply reliability. GAIL is considering expanding the terminal's capacity to 6.3 MTPA in the first phase over next three years. Once expanded, the terminal is expected to handle up to 100 LNG cargoes annually, something important in the context of India's target to increase natural gas consumption to 15% in its energy mix from existing 6%.
Business Recorder
4 days ago
- Business
- Business Recorder
Russian Urals oil to India sells at narrowest discounts since 2022, traders say
MOSCOW/NEW DELHI: Discounts for Russian flagship Urals crude oil for delivery to Indian ports in July hit their narrowest levels since 2022 as spot supplies have tightened, four traders involved in the market said on Friday. Narrowing discounts and tight spot supplies are nudging Indian refiners to scout for alternatives through buying tenders. Spot discounts for Urals crude narrowed to $2.25 per barrel on average for cargoes arriving in India in July, from $2.70 to $3.10 per barrel to dated Brent on delivery ex-ship (DES) basis in the previous month, the sources said. That is the narrowest discount for Urals oil cargoes sold to India since the Ukraine war broke out in 2022. India became the largest buyer of Russian seaborne crude after Moscow diverted its energy supply away from the European Union which imposed a ban. India's GAIL sells LNG cargo as early monsoons cause weak power demand, say sources Some Indian refiners which do not have long-term supply agreements with Russian oil companies are not getting enough Urals oil in July, the sources said. India's largest private refiner, Reliance Industries, locked in a term supply contract with Russian oil giant Rosneft last year, which reduced the availability of Urals in the spot market, they said. Russian oil traders cited higher demand for the grade from refiners in Turkey, which has recently increased buying, boosting competition with Indian refiners over the supply. Turkey's largest oil refiner, Tupras, resumed buying Urals in April after stopping earlier this year, because of tougher U.S. sanctions on Moscow. Two of the traders also said improving refining margins globally also helped boost Russian oil demand as refiners are eager to increase crude runs. India remains the biggest buyer of Russian Urals oil by sea, with imports hitting a 10-month high in May.
Business Recorder
4 days ago
- Business
- Business Recorder
India's GAIL sells LNG cargo as early monsoons cause weak power demand, say sources
SINGAPORE: GAIL (India) Ltd has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm's storage tanks for the fuel are full amid weak power demand in India. Fewer LNG imports by GAIL, the country's largest gas distributor, could reduce India's overall appetite for the super-chilled fuel. India is the world's fourth largest LNG buyer, importing about 26 million metric tons last year as it goes through rapid urbanisation and industrialisation and to meet growing power demand. However, GAIL's LNG tanks are filled to the brim as power demand slumped due to cooler weather from the monsoon season, leading the company to sell its LNG cargo, said two of the sources. GAIL did not immediately respond to a request for comment. The three sources did not identify which cargo GAIL sold, but shiptracking data shows two LNG vessels controlled by GAIL diverting from their routes this week. LNG tanker Gail Urja, which is currently in the southern Atlantic Ocean, was en-route to reach the Dahej terminal in India on June 21 before it made a U-turn on June 5 to head to the Gate LNG terminal in the Netherlands, Kpler data showed. The vessel loaded LNG at Cove Point, Maryland, in the United States on May 21-22, Kpler and LSEG data showed. GAIL has a 20-year deal to lift 2.3 million metric tons per annum of LNG from Cove Point. It typically takes about four weeks for LNG tankers to travel from Cove Point to India. GAIL (India)'s quarterly profit falls more than expected on lower gas margins, cost pressures Meanwhile another LNG tanker, Grace Emilia, has changed its course several times around Reunion Island and Mauritius since June 2, the data showed. The vessel is now heading towards Asia. India's weather office had forecast an above-average monsoon season for the second straight year in 2025, with annual rains arriving at their earliest in 16 years. The early monsoons had alleviated sweltering temperatures nationwide at the end of summer, with a sharp drop in temperatures cutting electricity consumption and briefly pushing down prices to near zero on power exchanges. Increased generation from hydropower and nuclear had also led to a decline in natural gas-fired power output, which in May fell at the steepest rate in nearly three years.
