Latest news with #SandeepKumarGupta
Business Standard
3 days ago
- Business
- Business Standard
GAIL Q1 PAT slides 26% YoY to Rs 2,369 crore
GAIL (India)'s consolidated net profit declined 25.56% to Rs 2,369.20 crore in Q1 FY26 as against Rs 3,182.93 crore in Q1 FY25. Revenue from operations (excluding excise duty) rose 1.64% year on year (YoY) to Rs 35,310.68 in Q1 FY26. Profit before tax (PBT) stood at Rs 3,028.84 crore in first quarter of FY26, down 26.37% YoY. The companys revenue from natural gas marketing segment was at Rs 34,788.68 crore (down 0.62% YoY), city gas segment stood at Rs 1,719.42 crore (up 28.28% YoY) and LPG and liquid hydrocarbons segment income was at Rs 1,105.40 crore (down 5.56% YoY) during the quarter. Sandeep Kumar Gupta, chairman & managing director, GAIL said that, the company has incurred a capex of Rs 3,176 crore during the current quarter, mainly on pipelines, petrochemicals, equity contribution to JVs, etc. Gupta also informed that GAIL has got PNGRBs authorization for capacity expansion of Jamnagar-Loni LPG pipeline from 3.25 MMTPA to 6.5 MMTPA involving an estimated capex of Rs 5,000 crore & is expected to be completed within 3 Years. This project will cut down on CO₂ emissions significantly & reduce road mishaps and leaks. GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. Shares of GAIL (lndia) rose 1.03% to Rs 182.30 on the BSE.
News18
4 days ago
- Business
- News18
GAIL Q1 net profit falls 30pc on petchem losses, lower gas margins
New Delhi, Jul 28 (PTI) GAIL (India) Ltd, the nation's top natural gas sales and distribution firm, on Monday reported a 30 per cent drop in its June quarter net profit on widening losses on petrochemical business and a drop in gas marketing margins. Net profit was Rs 1,886.34 crore in April-June – the first quarter of 2025-26 fiscal year – compared with Rs 2,723.98 crore earning in the same period last year, according to a company stock exchange filing. While losses on petrochemical business widened to Rs 249 crore from Rs 42 crore in Q1 of last fiscal, earnings from natrual gas marketing nearly halved to Rs 1,071.6 crore. Income from operations rose to Rs 34,792.45 crore in April-June from Rs 33,961.63 crore last year. The company did not give operational highlights like volume of natural gas transported by the company as well as the volumes sold. A GAIL statement gave financial numbers and quoted its chairman and managing director Sandeep Kumar Gupta saying that the firm incurred a capital expenditure of Rs 3,176 crore during the current quarter, mainly on pipelines, petrochemicals, and equity contribution to JVs. Gupta also said GAIL has got oil regulator PNGRB's authorization for doubling of capacity of Jamnagar-Loni LPG pipeline to 6.5 million tonnes per annum at an investment of about Rs 5,000 crore. The project is expected to be completed within three years. The pipeline from Gujarat to Loni near Delhi is the longest pipeline for the transportation of LPG, which is used as cooking gas. 'This project will cut down on carbon-dioxide emissions significantly and reduce road mishaps and leaks," the statement added. PTI ANZ MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 28, 2025, 20:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Gazette
27-06-2025
- Business
- India Gazette
GAIL becomes first Maharatna PSU to go live with
New Delhi [India], June 27 (ANI): GAIL (India) on Friday announced it has successfully gone live with SAP S/4 HANA in a formal launch earlier this week. The launch event was graced by Sandeep Kumar Gupta, Chairman and Managing Director, GAIL, in besides R.K. Jain, Director (Finance), GAIL; Deepak Gupta, Director (Projects), GAIL; Ayush Gupta, Director (HR), GAIL; Sanjay Kumar, Director (Marketing), GAIL; Rajeev Kumar Singhal, Director (BD), GAIL; and Rajnesh Singh, Chief Vigilance Officer, GAIL. Joining them on this landmark occasion were Manish Prasad, President and Managing Director, SAP, Indian Subcontinent and other distinguished seniors from GAIL and SAP, who witnessed this significant digital milestone in GAIL's transformation journey. Speaking on the occasion, Sandeep Kumar Gupta, Chairman and Managing Director, GAIL, remarked, 'This is a strategic leap forward that will help us deliver even greater value to our customers, employees and stakeholders.' With this initiative christened 'Navodaya', GAIL said it became the first Maharatna PSU to achieve this milestone. Despite the complexities involved, the implementation and migration have been completed within the scheduled time of one year, it noted. Rakesh Kumar Jain, Director (Finance), GAIL, highlighting the benefits of this new enterprise said 'This transition to a cloud-enabled intelligent ERP system is not about technology - it's about building a stronger, smarter, and more agile enterprise.' Hosted on a robust and scalable cloud platform, this strategic migration, according to GAIL, involved a full transition from the company's legacy ECC system to the next-generation SAP S/4HANA Cloud, strengthening GAIL's IT foundation for future growth and innovation. In his address, Manish Prasad, President and Managing Director, SAP, Indian Subcontinent, said, 'This landmark achievement will help GAIL grow exponentially in efficiency and the journey of AI to achieve new heights.' With this move, GAIL said it is positioned to leverage intelligent technologies such as artificial intelligence, machine learning, and advanced automation--reinforcing its commitment to operational excellence, digital innovation, and resilience in today's dynamic business landscape. (ANI)
Business Upturn
26-06-2025
- Business
- Business Upturn
GAIL becomes first Maharatna PSU to go live with SAP S/4HANA on Cloud
By Aditya Bhagchandani Published on June 26, 2025, 15:12 IST Shares of GAIL (India) Limited are expected to remain in focus on Wednesday, June 26, after the company announced a significant digital transformation milestone. GAIL has become the first Maharatna PSU to successfully go live with SAP's 'RISE with SAP – S/4HANA on Cloud' platform. The formal go-live event took place on June 25, 2025, and was led by Chairman and Managing Director Sandeep Kumar Gupta along with key members of the leadership team and senior SAP officials. The digital initiative, named 'Navodaya,' marks GAIL's transition from its legacy ECC system to the next-generation cloud-based ERP system. Company management highlighted that the migration, completed within one year, will enhance operational efficiency, scalability, and agility. The new platform will allow GAIL to leverage AI, machine learning, and advanced automation tools to strengthen its IT infrastructure for future growth. GAIL's Director (Finance) R.K. Jain emphasized that the move is not just about technology but about building a smarter and more resilient organization. SAP India's MD Manish Prasad noted that the implementation will help GAIL unlock new levels of efficiency and drive its AI-led transformation journey. Investors are likely to track the stock's movement today following this development. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
06-06-2025
- 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.
