Key Developments: GAIL (India) Ltd (GAIL.BO)

GAIL.BO on Bombay Stock Exchange

425.30INR
5:07am EDT
Price Change (% chg)

Rs-4.15 (-0.97%)
Prev Close
Rs429.45
Open
Rs432.00
Day's High
Rs432.40
Day's Low
Rs421.00
Volume
58,233
Avg. Vol
145,002
52-wk High
Rs475.00
52-wk Low
Rs273.00

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Latest Key Developments (Source: Significant Developments)

GAIL (India) Ltd's subsidiary joins hands with UPSIDC to expand natural gas downstream distribution network
Friday, 13 Jun 2014 02:30am EDT 

GAIL (India) Ltd:GAIL Gas Limited, wholly owned subsidiary of GAIL (India) Limited and Uttar Pradesh State Industrial Development Corporation (UPSIDC) signed memorandum of understanding (MoU) at New Delhi to expand the Natural Gas downstream distribution network in the state of Uttar Pradesh.MoU was signed by Shri Pankaj Kumar Pal, Chief Executive Officer, GAIL Gas Limited and Shri Manoj Singh, Managing Director.This MoU will lay foundation for building up natural gas infrastructure for fulfilling the demand of Natural Gas, setting up CNG stations along the highway corridor and distribution of gas to various industrial clusters and parks in Uttar Pradesh.Says investment envisaged for developing this CGD project is about 1.4 bln Indian rupees.In order to cater to the demand of Natural gas to Industrial Clusters in Uttar Pradesh natural gas distribution is proposed through mobile cascades.It will cover areas like Shamli, Gajraula, Saharanpur, Kosi, Sikandra, Etawah, Fatehpur Sikri, Vrindavan and Govardhan.  Full Article

GAIL (India) Ltd recommends final dividend
Monday, 26 May 2014 07:10am EDT 

GAIL (India) Ltd:Recommends payment of final dividend at 59 pct (5.9 Indian rupees per share) on the paid-up equity share capital of the Company for the FY 2013-14, subject to approval of shareholders in the ensuing Annual General Meeting.  Full Article

GAIL (India) Ltd executes MoU with Chubu Electric Power Co. Inc
Monday, 24 Mar 2014 06:36am EDT 

GAIL (India) Ltd:Executes MoU with Chubu Electric Power Co. Inc, Japan for joint LNG procurement.Under MoU, GAIL and Chubu shall mainly explore possibilities for collaboration in area of joint LNG procurement.Besides, two companies seek to collaborate on shipping optimization.  Full Article

GAIL (India) Ltd declares dividend
Thursday, 6 Feb 2014 03:33am EST 

GAIL (India) Ltd:Approves payment of interim dividend for the financial year 2013-14 at 45 pct ( 4.50 Indian Rupee per equity share) on the paid up equity share capital of the company.Says interim dividend shall be paid within stipulated time period of 30 days i.e. latest by Mar. 06.  Full Article

GAIL (India) Ltd in talks to buy stake in Tanzania assets of Ophir Energy Plc-Reuters
Tuesday, 3 Dec 2013 12:39am EST 

GAIL (India) Ltd:Is in talks to buy a stake in the Tanzanian assets of British oil explorer Ophir Energy Plc, the Indian company's marketing head said-Reuters.  Full Article

GAIL (India) Ltd To Buy 19 LNG Cargoes-Reuters
Friday, 25 Oct 2013 07:28am EDT 

Reuters reported that GAIL (India) Ltd plans to buy 19 cargoes of liquefied natural gas (LNG) by March, out of which nine will be bought from the spot market, its chairman said.  Full Article

GAIL (India) Ltd Signs Gas Cooperation Agreement With Government Of Bihar
Wednesday, 23 Oct 2013 07:16am EDT 

GAIL (India) Ltd signed a Gas Cooperation Agreement (GCA) for Natural Gas Infrastructure and City Gas Distribution with the Department of Industries, Government of Bihar. Under the provisions of the GCA, GAIL and Bihar Government will evaluate the feasibility for cooperation for the development of the use of eco-friendly fuel, especially natural gas, in the state as well as development of natural gas distribution and city gas infrastructure in identified urban areas and cities after obtaining due authorization frm the petroleum and Natural Gas Regulatory Board.  Full Article

GAIL (India) Ltd Sells $65 Million Worth Of Stake In China Gas Holdings Ltd-Reuters
Friday, 11 Oct 2013 06:09am EDT 

Reuters reported that GAIL (India) Ltd is selling about $65 million worth of stake in China Gas Holdings Ltd through block trade. GAIL is selling 60 million shares in China Gas at a price range of HKD8.2 to HKD8.3 per share.  Full Article

GAIL (India) Ltd Plans To Open Office In Dubai To Explore Opportunities-Business Standard
Monday, 15 Jul 2013 08:47am EDT 

Business Standard reported that GAIL (India) Ltd plans to open an office in Dubai soon, a senior official said. GAIL's Director (Marketing) Prabhat Singh said, the Company have opened it's wholly owned subsidiary, namely, GAIL Global (Singapore) Pte Ltd in Singapore for managing investments abroad and the Company looking for further business opportunities through this subsidiary company.  Full Article

GAIL (India) Ltd And Others Eye Stake In Haldia Petro-Business Standard
Tuesday, 11 Jun 2013 06:52am EDT 

Business Standard reported that PSUs and major private players have evinced interest in buying out West Bengal government's stake in Haldia Petrochemicals Ltd (HPL), which has been put on the block. Companies which had submitted EoIs were Indian Oil Corporation Ltd, Oil and Natural Gas Corporation Ltd and GAIL (India) Ltd from the public sector. From the private sector Reliance Industries, Cairn India and Jindal Petroleum had shown interest, the sources said. The state government, which holds nearly 40 per cent stake in HPL, has appointed Deloitte as transactional adviser through its investment promotion arm WBIDC to seek EoIs.  Full Article

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