Latest news with #GAIL(India)
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Business Standard
2 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.
Business Standard
2 days ago
- Business
- Business Standard
GAIL (India) successfully commissions breakwater project at Dabhol LNG Terminal
GAIL (India) Limited has successfully berthed and discharged its first LNG vessel at the Dabhol LNG Terminal following the completion of the landmark Breakwater Project. The vessel, GAIL Bhuwan, was received on 02 June 2025. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weather port which is a critical transformation that ensures safe and reliable LNG operations even during the Southwest monsoon, traditionally a challenging period for marine logistics on India's West coast. Strategically located on the Maharashtra coastline, the Dabhol LNG Terminal has a regasification capacity of 5.0 MMTPA and serves as a vital link in India's gas supply network via the Dabhol Bangalore and Dabhol-Panvel cross-country pipelines. Dabhol is an island breakwater (unlike conventional land-connected structures) showcasing a feat of advanced marine engineering. This ambitious project, involving extensive collaboration among multiple stakeholders, posed complex technical challenges and required innovative, customized solutions. The successful commissioning of the breakwater is expected to significantly enhance vessel accessibility and improve capacity utilization at the terminal, bolstering energy infrastructure and supply reliability.
Economic Times
13-05-2025
- Business
- Economic Times
GAIL's Q4 profit falls 6% to Rs 2,049 cr on weaker gas marketing, petchem margins
GAIL (India) Ltd has reported a 6% year-on-year decline in profit to ₹2,049 crore for the fourth quarter, primarily due to losses in its petrochemical business. ADVERTISEMENT Revenue from operations rose 10% to ₹35,707 crore in the January–March quarter. The company's operating profit from its natural gas transmission business expanded during the quarter, but lower profit from gas marketing and a loss in petrochemicals weighed on overall earnings. For the full year 2024–25, revenue rose 5% to ₹1,37,288 crore, while profit climbed 28% to ₹11,312 crore. All business segments reported higher operating profits during the year, except petrochemicals, where losses narrowed compared to the previous year. Natural gas sales and transmission volumes are expected to grow by 6–8% in the current year, GAIL Chairman Sandeep Kumar Gupta told a news conference. Henry Hub prices—the U.S. benchmark for natural gas—may remain around $3.5–4 per MMBtu in the short to medium term, he has declared a final dividend of Re 1 per equity share. Its shares closed 2% lower at ₹183.95 apiece on Tuesday, when the benchmark BSE Sensex ended 1.55% month, GAIL floated a tender to acquire up to a 26% equity stake in a U.S. LNG project, combined with the offtake of one million tonnes per year of LNG for 15 years. The company has received responses from five parties and is evaluating the proposals, said Rajeev Singhal, Director (Business Development). ADVERTISEMENT For the first time, GAIL expects to use its gas import terminal at Dabhol during the monsoon this year, following the completion of a breakwater facility. Until now, the terminal had remained shut during the monsoon Tuesday, GAIL's board approved the transfer of its city gas business in six licensed areas—including Varanasi, Patna, Ranchi, and Bhubaneswar—to its wholly owned subsidiary, GAIL Gas Ltd, for improved business synergy and operational efficiency, Gupta said. ADVERTISEMENT During the January–March quarter, GAIL reported an operating loss of ₹158 crore in the petrochemical business, compared to a profit of ₹262 crore in the same period last year, due to a sharp rise in input costs—primarily imported natural gas—which could not be fully offset by product price profit from the natural gas marketing business also declined to ₹1,204 crore during the quarter, from ₹1,389 crore a year earlier, while profit from gas transmission rose to ₹1,268 crore from ₹982 crore. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-05-2025
- Business
- Time of India
GAIL's Q4 profit falls 6% to Rs 2,049 cr on weaker gas marketing, petchem margins
GAIL (India) Ltd has reported a 6% year-on-year decline in profit to ₹2,049 crore for the fourth quarter, primarily due to losses in its petrochemical business. Revenue from operations rose 10% to ₹35,707 crore in the January–March quarter. The company's operating profit from its natural gas transmission business expanded during the quarter, but lower profit from gas marketing and a loss in petrochemicals weighed on overall earnings. For the full year 2024–25, revenue rose 5% to ₹1,37,288 crore, while profit climbed 28% to ₹11,312 crore. All business segments reported higher operating profits during the year, except petrochemicals, where losses narrowed compared to the previous year. Natural gas sales and transmission volumes are expected to grow by 6–8% in the current year, GAIL Chairman Sandeep Kumar Gupta told a news conference. Henry Hub prices—the U.S. benchmark for natural gas—may remain around $3.5–4 per MMBtu in the short to medium term, he said. GAIL has declared a final dividend of Re 1 per equity share. Its shares closed 2% lower at ₹183.95 apiece on Tuesday, when the benchmark BSE Sensex ended 1.55% lower. Last month, GAIL floated a tender to acquire up to a 26% equity stake in a U.S. LNG project, combined with the offtake of one million tonnes per year of LNG for 15 years. The company has received responses from five parties and is evaluating the proposals, said Rajeev Singhal, Director (Business Development). For the first time, GAIL expects to use its gas import terminal at Dabhol during the monsoon this year, following the completion of a breakwater facility. Until now, the terminal had remained shut during the monsoon season. On Tuesday, GAIL's board approved the transfer of its city gas business in six licensed areas—including Varanasi, Patna, Ranchi, and Bhubaneswar—to its wholly owned subsidiary, GAIL Gas Ltd, for improved business synergy and operational efficiency, Gupta said. During the January–March quarter, GAIL reported an operating loss of ₹158 crore in the petrochemical business, compared to a profit of ₹262 crore in the same period last year, due to a sharp rise in input costs—primarily imported natural gas—which could not be fully offset by product price hikes. Operating profit from the natural gas marketing business also declined to ₹1,204 crore during the quarter, from ₹1,389 crore a year earlier, while profit from gas transmission rose to ₹1,268 crore from ₹982 crore.
