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Company Profile  
GAIL (India) Ltd.
 
BSE Code 532155
ISIN Demat INE129A01019
Book Value(Rs.) 105.62
NSE Code GAIL
Dividend Yield % 3.09
Market Cap(Rs. in millions) 584514.39
P/E 9.66
EPS 13.42
Face Value(Rs.) 10  

GAIL (India) established on 16th August, 1984  as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). It was erstwhile known as Gas Authority of India Limited. It was incorporated with an objective to create gas sector infrastructure for sustained development of the natural gas sector in the country. The company was initially given the responsibility of construction, operation & maintenance of the Hazira - Vijaypur -Jagdishpur (HVJ) pipeline Project. It was one of the largest cross-country natural gas pipeline projects in the world. Originally this 1800 Km long pipeline was built at a cost of Rs 1700 Crores and it laid the foundation for development of market for natural Gas in India.

It is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.

The 2800-km Hazira-Vijaipur-Jagdishpur (HVJ) pipeline became operational in 1991. During 1991-93, three LPG plants were constructed and some regional pipelines were acquired, enabling GAIL to begin its regional gas distribution in various parts of India.

The company began its city gas distribution in Delhi in 1997 by setting up nine CNG stations, catering to the city's vast public transport fleet. In 1999, GAIL set up northern India's only petrochemical plant at Pata.

GAIL became the first Infrastructure Provider Category II Licensee and signed the country's first Service Level Agreement for leasing bandwidth in the Delhi-Vijaipur sector in 2001, through its telecom business GAILTEL. In 2001, GAIL commissioned world's longest and India's first cross country LPG Transmission Pipeline from Jamnagar to Loni.

The company today has reached new milestones with its strategic diversification into petrochemicals, telecom and liquid hydrocarbons, besides gas infrastructure. It has also extended its presence in power, liquefied natural gas re-gasification, city gas distribution and exploration and production through equity and joint ventures participations. Incorporating the new-found energy into its corporate identity, Gas Authority of India was renamed GAIL (India) Limited on November 22, 2002.

GAIL is also expanding its business to become a player in the international market. In a rapidly changing scenario, company is spearheading the move to a new era of clean fuel industrialisation, creating a quadrilateral of green energy corridors that connect major consumption centres in India with major gas fields, LNG terminals and other cross border gas sourcing points.

Milestones

  • 1987   HVJ (Hazira – Vijaipur – Jagdishpur) Natural Gas pipeline commissioned  
  • 1989   First Year of profit registered  
  • 1990   LPG Plant Phase – I at Vijaipur commissioned  
  • 1992   Gas Marketing functions transferred to GAIL  
  • 1993   Maiden dividend of Rs. 20 Crores paid to its shareholders  
  • 1994   First JV Mahanagar Gas Limited formed with British Gas incorporated to implement Mumbai City Gas Distribution project  
  • 1995   Propane recovery plants at Vijaipur commissioned  
  • 1996   GAIL listed in NSE, BSE and DSE  
  • 1997   Government of India granted Navratna status to GAIL  
  • 1998   Indraprastha Gas Limited (IGL) incorporated for supply of gas to household sector, transport sector & commercial consumers in Delhi.  
  • 1999   LPG plants at Usar and Lakwa commissioned  
  • 1999   Uttar Pradesh Petrochemical Complex (UPPC) at Pata commissioned with a design capacity of 3 lacs TPA of Ethylene to produce 2. 60 lacs TPA of HDPE & LLDPE.
  • 2000   LPG plant at Pata with a design capacity of 2.58 lacs TPA of LPG commissioned  
  • 2000   Participated in under NELP- I and 2 blocks awarded  
  • 2001   Jamnagar-Loni LPG Pipeline Project, world’s longest and India's first Cross-Country LPG 1269 km long pipeline commissioned  
  • 2001   LPG plant at Gandhar commissioned  
  • 2002   GAIL picks up 12% equity stake in GSEGs 156MW power project in Gujarat  
  • 2003   GAIL has an initial success in the form of significant gas find in the block A-1 in Myanmar and discovery of Oil and Gas in the Cambay Block.  
  • 2003   Bhagyanagar Gas Limited, a joint venture of GAIL and HPCL, incorporated in August 2003, in the field of distribution and marketing of Auto LPG, CNG for vehicles and retailing of natural gas in cities of Andhra Pradesh.  
  • 2003   Vizag- Secunderabad LPG pipeline, the 580 km pipeline with a maximum throughput of 1.16 MMPTPA completed  
  • 2003   GAIL successfully secures participation in 2 retail gas companies in Egypt, Fayum Gas Company and Shell CNG.  
  • 2004   Dahej - Vijaipur natural gas pipeline commissioned  
  • 2004   A wholly-owned subsidiary company GAIL Global (Singapore) Pte Ltd formed in Singapore  
  • 2004   Platts declares GAIL as the first among Global Gas Utilities based on Return on Invested Capital (ROIC) in its worldwide survey of Top 250 Energy Companies in 2004.  
  • 2004   Tripura Natural Gas Co. Ltd., a Joint Venture for city gas project in Tripura and UP Central Gas Ltd., a Joint Venture for city gas project with BPCL in Kanpur, incorporated  
  • 2004   GAIL acquired 15% equity stake in NatGas, Egypt 
  • 2005   Inauguration of the National Gas Management Centre (NGMC) of GAIL at NOIDA  
  • 2006   GAIL brings India’s first spot LNG cargo at Dahej  
  • 2006   GAIL consortium wins 3 CBM blocks in III round of bidding  
  • 2007   MoP&NG authorization for 5 new major pipelines received  
  • 2007   Brahmaputra Cracker and Polymer Limited, a Joint Venture Company led by GAIL, formed for implementing Assam Gas Cracker Project  
  • 2007   GAIL forms a Joint Venture Company (JVC) with China Gas Global Energy Holdings Limited.  
  • 2007   Expansion of Petrochemical Plant at Pata for increasing capacity from 310,000 TPA LLDPE/HDPE to 410,000 TPA completed  
  • 2008   Dahej - Panvel- Dabhol pipeline commissioned  
  • 2008   GAIL Gas Limited incorporated for CGD  
  • 2008   GAIL Gas limited wins the rights for rolling out city gas distribution projects in Meerut, Sonepat, Dewas and Kota.  
  • 2009   GAIL gets SCOPE Meritorious Award for Corporate Governance for the year 2007-08.  
  • 2010   Representative Office in Egypt opened  
  • 2010   GAIL ranked no.1 company among gas utilities in Asia in the Platts Global Ranking.
  • 2011   Shri S. Jaipal Reddy dedicated GAIL’s Chainsa - Sultanpur – Neemrana pipeline to the Nation
  • 2011   GAIL Gas Limited and Vadodara Mahanagar Sewa Sadan set up Joint Venture for City Gas Distribution
  • 2011   GAIL (India) Limited was conferred the 'Managing India Award' for the 'Outstanding PSU of the Year' by All India Management Association. GAIL is the first PSU to be conferred this award.
  • 2012    - GAIL conferred MoU Excellence Award for the year 2009-10 for Best Performing CPSE in the Petroleum Sector consecutively for second year- GAIL has been ranked World’s No. 1 in Downstream Operations in Platts Global Energy Awards- GAIL’s 2200 km Dahej-Vijaipur-Dadri-Bawana-Nangal-Bhatinda cross-country pipeline inaugurated by Prime Minister- GSPA signed between GAIL and TurkrnenGaz for Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project

GAIL's Business Portfolio includes:

  • 7,847 km of natural gas high pressure trunk pipeline with a capacity to carry 148 MMSCMD of natural gas across the country.
  • 7 LPG gas processing units to produce 1.2 MMTPA of LPG and other liquid hydrocarbons.
  • North India's only gas based integrated petrochemical complex at Pata with a capacity of producing 4,10,000 TPA of ploymers.
  • 1,922 km of LPG transmission pipeline network with a capacity to transport 3.8 MMTPA of LPG.
  • 27 oil and gas exploration blocks and 3 coal bed methane blocks.
  • 13,000 km of OFC network offering highly dependable bandwith for telecom service providers.
  • Joint venture companies in Delhi, Mumbai, Hyderabad, Kanpur, Agra, Lucknow, Bhopal, Agartala and Pune, for supplying Piped Natural Gas (PNG) to households and commercial users, and Compressed Natural Gas (CNG) to the transport sector.
  • Participating stake in the Dahej LNG Terminal and the upcoming Kochi LNG Terminal in Kerala.
  • GAIL has been entrusted with the responsibility of reviving the LNG terminal at Dabhol as well as sourcing LNG.
  • The company has established presence in the CNG and City Gas sectors in Egypt through equity participation in three Egyptian companies namely Fayum Gas Company SAE, Shell CNG SAE and National Gas Company SAE.
  • It has a stake in China Gas Holding in order to explore opportunities in the CNG sector in mainland China.
  • A wholly-owned subsidiary company GAIL Global (Singapore) Pte in Singapore

Awards

  • Achievement of 100% Safety Index @ GPU-Gandhar(2010-11) was duly recognized by BSC, UK. GPU-Gandhar was conferred 'International Safety Award' for 4th time from
  • GAIL (India) has been ranked no.1 company among gas utilities in Asia in the Platts Global Ranking of Energy Companies.
  • GAIL (India) was conferred 'MOU EXCELLENCE AWARD' by the Department Of Public Enterprises for the year 2008-09 in the petroleum sector.
  • GAIL (India) was conferred a Certificate of Recognition for Excellence in Corporate Governance in the 10th ICSI National Award for Excellence in Corporate Governance 2010 as one of the Top Companies adopting Excellent Practices in Corporate Governance.
  • National Award for Excellence in Cost Management 2009 GAIL won the Third Award in the public sector Manufacturing (Large) category
  • SCOPE Meritorious Award to GAIL (India) Limited for Corporate Governance for the year 2007-08.
  • India´s Most Customer Responsive Company in Manufacturing sector
  • Highest Wealth Creator in Manufacturing sector
  • Rajiv Gandhi National Quality Award as the best performer among the Large Scale Manufacturing Industry
  • The PetroFed oil & Gas pipeline Transportation - Company of the Year for 2007-2008 Award honours the leading performance in transporting crude oil, petroleum products and natural gas through pipelines in India during the year. This award honours GAIL (India) Limited for their leading performance towards growth of infrastructure, optimal utilisation during hydrocarbons transportation in India in 2007-08 while meeting the norms of health, safety and environment protection.
  • 2013-GAIL receives Oil & Gas Pipeline Transportation Company of the year, besides Project Management (Rs 500 crore to Rs 2,000 crore category) of the year, the Environmental Sustainability of the year category in the Petrofed Awards 2012 and Woman Executive of the Year in Oil & Gas Industry.                      -GAIL DBPL project receives Platts Premier Project Construction Award for 2013.                                                                       
  • 2014- GAIL adjudged ‘Company of the Year’ for Project Management for Dabhol – Bengaluru pipeline project at the Petroleum Federation of India (PetroFed) Oil & Gas Industry Awards 2013.                                                                       
  • GAIL declared the top Indian company in the ‘Gas-Processing, Distribution and Marketing’ Sector for the Dun & Bradstreet Corporate Awards 2014.                                                              
  • 2016-GAIL CSR project wins Prestigious CII-National Water Awards for Excellence in Water Management-2016.
 
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