Latest news with #GAIL(India)Ltd
&w=3840&q=100)
Business Standard
16-07-2025
- Business
- Business Standard
GAIL eyes long-term LNG deal from 2027 linked to Brent crude prices
State-run GAIL (India) Ltd is seeking liquefied natural gas (LNG) for delivery from 2027 under a five-to-10-year deal linked to Brent crude oil prices, four sources aware of the inquiry said. The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal, they said. From the third year onward, GAIL is seeking to buy one cargo every month, they said. The deadline for submitting offers closes on July 24, added two of the sources. India's largest gas distributor GAIL is seeking a long-term deal as it has started operating its Dabhol LNG terminal throughout the year after the installation of a breakwater. The facility can handle 5 million metric tons per year (tpy) of LNG. GAIL plans to increase the capacity of Dabhol to 6.3 million tpy by mid-2027 and to 12.5 million tpy by 2031-32. A spokesman for GAIL said there was no comment on the inquiry available.
Time of India
16-07-2025
- Business
- Time of India
GAIL seeks long-term LNG supply contracts
State-run GAIL (India) Ltd is seeking liquefied natural gas (LNG) for delivery from 2027 under a five-to-10-year deal linked to Brent crude oil prices , four sources aware of the inquiry said. The company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal, they said. From the third year onward, GAIL is seeking to buy one cargo every month, they said. The deadline for submitting offers closes on July 24, added two of the sources. India's largest gas distributor GAIL is seeking a long-term deal as it has started operating its Dabhol LNG terminal throughout the year after the installation of a breakwater. The facility can handle 5 million metric tons per year (tpy) of LNG. GAIL plans to increase the capacity of Dabhol to 6.3 million tpy by mid-2027 and to 12.5 million tpy by 2031-32. A spokesman for GAIL said there was no comment on the inquiry available.
Time of India
16-07-2025
- Business
- Time of India
GAIL seeks 5-to-10-year LNG deal, sources say
State-run GAIL (India) Ltd is seeking liquefied natural gas (LNG) for delivery from 2027 under a five-to-10-year deal linked to Brent crude oil prices , four sources aware of the inquiry said. The Indian company is looking to buy six cargoes of the super chilled gas in 2027, and eight cargoes in the second year of the deal, they said. From the third year onward, GAIL is seeking to buy one cargo every month, they said. The deadline for submitting offers closes on July 24, added two of the sources. India's largest gas distributor GAIL is seeking a long-term deal as it has started operating its Dabhol LNG terminal throughout the year after the installation of a breakwater. The facility can handle 5 million metric tons per year (tpy) of LNG. GAIL plans to increase the capacity of Dabhol to 6.3 million tpy by mid-2027 and to 12.5 million tpy by 2031-32. Live Events A spokesman for GAIL said there was no comment on the inquiry available.
Business Standard
10-07-2025
- Business
- Business Standard
Hindustan Petroleum Corporation Ltd Spikes 0.75%
Hindustan Petroleum Corporation Ltd has added 10.7% over last one month compared to 3.13% gain in BSE Oil & Gas index and 1.54% rise in the SENSEX Hindustan Petroleum Corporation Ltd rose 0.75% today to trade at Rs 448.4. The BSE Oil & Gas index is up 0.39% to quote at 28258.18. The index is up 3.13 % over last one month. Among the other constituents of the index, GAIL (India) Ltd increased 0.68% and Oil India Ltd added 0.57% on the day. The BSE Oil & Gas index went down 7.23 % over last one year compared to the 4.67% surge in benchmark SENSEX. Hindustan Petroleum Corporation Ltd has added 10.7% over last one month compared to 3.13% gain in BSE Oil & Gas index and 1.54% rise in the SENSEX. On the BSE, 7229 shares were traded in the counter so far compared with average daily volumes of 2.35 lakh shares in the past one month. The stock hit a record high of Rs 457.2 on 05 Sep 2024. The stock hit a 52-week low of Rs 287.55 on 03 Mar 2025.
Time of India
23-06-2025
- Business
- Time of India
GAIL to invest Rs 844 crore in pipeline capacity
State-owned gas utility GAIL (India) Ltd on Monday said it will invest Rs 844 crore in expanding Dahej-Uran-Dabhol-Panvel natural gas pipeline capacity to meet increased energy demand. The DUPL-DPPL network, the name Dahej-Uran-Dabhol-Panvel natural gas pipeline network is referred to, currently has 19.9 million standard cubic metres per day capacity. This is being expanded to 22.5 mmscmd, GAIL said in a stock exchange filing. GAIL said the pipeline capacity will be added in three years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unlock full 2025 solar power in India — install, maintain, upgrade Solar Panels | Search Ads Learn More Undo "Investment required (is) Rs 844 crore," it said. "It was approved by the Board of Directors of the company in its meeting held today i.e. June 23". GAIL also said it has pushed back the completion scheme of its 1,702 km Mumbai-Nagpur-Jharsuguda pipeline project from June 30, 2025 to September 30, 2025. Live Events This would require additional investment of Rs 411.12 crore, it said. "The project cost is anticipated to be increased by Rs 411.12 crore and therefore, the revised project cost for MNJPL is Rs 8,255.37 crore, which is 5.24 per cent higher than the originally approved project cost of Rs 7,844.25 crore." The 693-km Mumbai-Nagpur section of the pipeline is mechanically complete except for a 1 km stretch. The 692-km Nagpur-Jharsuguda pipeline is 98 per cent mechanically completed. "The pipeline laying work is affected due to delay in obtaining forest permission, NBWL clearance and Ministry of Road Transport and Highways permission along NH-44 in Maharashtra," it said. The 317-km Nagpur-Jabalpur pipeline is 97 per cent mechanically completed. "The pipeline laying work is affected due to delay in acquisition of right of use (RoU), permanent land parcels for valve stations and local resistance." "The entire Mumbai-Nagpur-Jharsuguda pipeline is expected to be completed progressively by September 2025," GAIL said. GAIL said it has also revised the schedule for the 744-km Srikakulam-Angul pipeline project from June 2025 to December 2025. "Entire mainline of 422 km has been mechanically completed and commissioning has been started. Out of 322 km (spur lines), lowering of 252 km has been completed. Further, work on the pipeline was affected due to delay in obtaining forest permission and till date, working permission of 45 km has been received out of total required permission of 56 km," it added.
