GAIL (India) Ltd (GAIL)
₹93.15Key Stats
₹93.15
Day's Price Range
₹93.15
₹83
52-Week Price Range
₹137.3
| Returns | |
| 1 Month Return | 5.25 % |
| 3 Month Return | 0.16 % |
| 1 Year Return | 5.7 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 1
4.64
EPS
Rank 3
₹20.08
BVPS
Rank 4
₹96.26
Dividend Yield
Rank 3
3.69%
ROE
Rank 3
20.28%
Price To Book Ratio
Rank 1
0.97
Debt To Asset
Rank 9
0.37
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Company Information
GAIL India Ltd is Indias flagship natural gas company integrating all aspects of the natural gas value chain including Exploration Production Processing Transmission Distribution and Marketing and its related services. The company is an integrated energy company along the natural gas value chain with global footprints. They have interest in the business of natural gas LPG Liquid Hydrocarbons and Petrochemicals. They have also diversified into Exploration Production City Gas Distribution and are steadily developing their overseas presence.GAIL India Ltd was incorporated on August 16 1984 as a public limited company with the name Gas Authority of India Ltd. At the time of incorporation all of the shares were held by the Government of India. Initially the company started as a gas transmission company. They grew organically over the years by building a large network of natural gas trunk pipelines covering a length of 7850 km. The company was established to lay an onshore pipeline from Hazira on the west coast to supply natural gas to facilities in the states of Gujarat Rajasthan Madhya Pradesh and Uttar Pradesh. In the year 1986 they started the construction of the pipeline and they completed in the year 1988.In 1991 the company constructed their first LPG plant at Vijiapur. In 1992 they took over certain of the Regional Pipelines from ONGC and completed their second LPG plant at Vijiapur. Also in the year 1993 they completed a third LPG plant at Vaghodia. In the year 1995 the Government sold 28.5 million equity shares representing 3.4 of the companys equity capital to domestic and qualified foreign investors. In May 1995 they formed Mahanagar Gas Ltd as a joint venture with British Gas and the Government of Maharashtra and own 49.75 of the equity shares.In 1998 the company completed LPG plants at Usar and Lakwa. In April 1998 they formed PLL a public limited company under the Companies Act in which they hold a 12.5 equity interest. In July 1998 they completed upgradation of the pipeline compressors and various terminals along the HVJ pipeline. In December 1998 the company formed Indraprastha Gas Ltd as a joint venture with BPCL and own 22.5 of the equity shares in Indraprastha. In February 1999 the Government sold approximately 30.6 million shares representing a further 3.6 of the equity capital to various domestic and foreign institutional investors in a private placement. In March 1999 the Government sold approximately 5 of the equity capital to each of IOC and ONGC representing a total of 81.7 million shares.In March 1999 the company commissioned their petrochemical complex at Pata. Also they purchased from the Government 2.5 of their equity interest in ONGC representing a total of 34.3 million shares for Rs.5.6 billion. In October 1999 the company entered into a Memorandum of Understanding with ONGC to purchase natural gas from existing discoveries which are under production. In March 2000 the company commissioned additional LPG plants at Pata. Also they commissioned additional LPG plants at Gandhar in March 2001. In June 2001 they invested in Gujarat State Energy Generation Ltd and own 12.85 of their equity shares. In November 22 2002 the name of the company was changed from Gas Authority of India Ltd to GAIL India Ltd. In June 2003 the company completed the LPG pipeline between Vizag and Secunderabad. In September 2003 the company formed Bhagyanagar Gas Ltd a joint venture with HPCL and own 25 of the equity shares.During the year 200405 the company established a wholly owned subsidiary company namely GAIL Global Singapore Pte Ltd. They incorporated Tripura Natural GasCo Ltd and UP Central Gas Ltd as the joint venture for city gas project in Tripura and Kanpur. The company acquired 15 equity stake in NatGas Egypt. They signed an agreement for the acquisition of 9 equity stake in China Gas Holdings Ltd a joint venture for city gas projects in 42 cities of China. The company commissioned VizagSecunderabad LPG Pipeline during the year.During the year 200607 the company promoted a subsidiary named Brahmaputra Cracker and Polymer Ltd for producing 280000 MT per annum of petrochemical products at Lepetkata Assam. They sourced their first spot cargo of LNG from Algeria and later sourced additional spot LNG through PLL Dahej and Shell Hazira. The company entered into MoU with Arrow Energy of Australia and Infrastructure Group of Sweden for cooperation in pursuing Coal Bed Methane opportunities in India Australia and third countries.During the year 200708 the company completed a major pipeline project from Dahej to Dabhol via Panvel to supply gas to RGPPL which started supplying much needed power to the state of Maharashtra. The company signed Gas Sales Agreement with Pragati Power for gas supply to Bawana Power Plant. Also they executed Gas Supply Agreements with major suppliers like ONGC PMT etc for augmentation of gas supplies. The company entered into Gas Transmission Agreement GTA with Reliance Gas Transportation Infrastructure Limited RGTIL for Transmission of natural gas from the KrishnaGodavari KG basin.In order to strengthen the business activities in the area of Petrochemicals the company signed an MoU with Reliance Industries Ltd for exploring opportunities for setting up a mega petrochemical complex outside India in one of the gas rich countries. Also they signed an MoU with ONGCL to work jointly for transportation distribution and marketing of natural gas from their new gas finds in KG basin and Mahanadi basin.During the year the company signed a Gas Cooperation Agreement with Government of Pondicherry envisaging setting up of a coordination group to study the demand potential of the Union Territory of Pondicherry for RLNG/CNG/PNG. Also they signed an MoU with ITERA Oil Gas Company of Russia for cooperation in projects such as CNG Gas based Petrochemicals and EP.During the year 200809 the company acquired one exploration block in Cauvery Onland as Operator in NELPVII bidding round. They signed an MoU with IOCL for evaluating the potential of setting up of petrochemical complex in Barauni Bihar. Also they signed an MoU with IFFCO to evaluate the potential of setting up of gas based power plant other industries including chemicals fertilizers CNG PNG in India. They laid the foundation stone of the sixth gas cracker furnace at Pata Plant. Also they won rights for rolling out city gas distribution projects in Meerut. Sonepat Dewas and Kota.During the year the company completed connectivity to Pune city gas and consumers of Usar Mumbai region. Further they provided connectivity to supply piped natural gas to City Gate stations at Noida Greater Noida Gurgaon and Faridabad. They signed Term Sheets for supply of natural gas to Barauni Plant of Urvarak Videsh Ltd and Bhatinda Panipat and Nangal Plants of National Fertilizers Ltd. In May 27 2008 the company incorporated a wholly owned subsidiary GAIL Gas Ltd for implementation of the City Gas Distribution projects.During the year 200910 the company completed commissioning of various pipelines having a total length of about 700 km including Dadri Bawana pipeline for supplying gas to Pragati Power Corporation Ltd and Chainsa Sultanpur Pipeline which will facilitate supplying about 34 MMSCMD gas to around 65 customers. In March 2010 the company commissioned a wind energy project of 4.5 MW capacity at Sinoi Anjar District Bhuj in Gujarat at a cost of Rs 27.7 crore. During the year 201011 the company completed various pipelines having length of about 761 kilometers which includes VijaipurDadri Pipeline 498 km SultanpurNeemrana Pipeline 175 km and Focus Energy Pipeline 88 km. The company successfully commissioned a wind energy power project of 4.5 MW capacity at Sinoi in Kutch District of Gujarat at a cost of Rs. 27.7 crores. As of March 31 2011 the Company had seven liquefied petroleum gas LPG plants. In October 2010 the company commenced construction of the Karanpur Moradabad Kashipur Rudrapur / Pant Nagar Natural Gas Pipeline at Kashipur.In June 2011 the company and Karnataka State Industrial Infrastructure Development Corporation Ltd KSIIDC signed a joint venture agreement to jointly pursue various natural gas related business activities in Karnataka. The joint venture agreement will lead to the formation of a joint venture company which will have an authorized share capital of Rs 1 billion. GAIL will hold 26 equity in the company while KSIIDC will have 24. The balance 50 equity will be held by Financial Institutions Investors and strategic partners.In September 2011 the company incorporated a wholly owned subsidiary GAIL Global USA Inc in USA which acquired working interest to the extent of 20 in Eagle Ford assets Shale assets held by Carrizo Oil and Gas Inc. in USA.In 2012 the companys subsidiary GAIL Gas signed an agreement to set up an Rs. 5000 crores liquefied natural gas LNG import facility around Kakinada or Vishakapatnam in Andhra Pradesh. The company signs agreement with ITPL International Technology Park Ltd for supplying natural gas during the year under review. GAIL Gas Limited through its joint venture APGDC inks pact with GDF Suez LNG UK for setting up FSRU in Andhra Pradesh. GAIL India signs a Gas Sales Purchase Agreement GSPA to import gas from Turkmenistan to be transported through the TAPI pipeline during the year under review. The company also completed joint venture formalities with Vadodara Municipal Corporation VMC. The company also signs various collaboration agreements with ONGC during the year under review. In 2013 State Govt approves GAILVadodara Municipal Corporation VMC Joint Venture for piped gas connections in Vadodara. The companys consortium Deep Energy secures exploration blocks. The company also commissions 5 mn tonne LNG terminal at Dabhol. During the year the company also entered in Solar Power generation by commissioning 5 MW Solar Power Plant under Jawaharlal Nehru National Solar Mission. The company during the year signs Gas Cooperation Agreement with Government of Bihar. The company and Shipping Corporation join hands for LNG Shipping. In 2014 the company secured Gas supply in US for export of 2.3 MMTPA LNG to India from Dominion Cove Point LNG Liquefaction Terminal. A MoU with RCF CIL FCIL executed for implementing Coal Gasification project at Talcher comprising of JVI coal gasification and JVII Urea Ammonia Ammonium Nitrate captive power plant and integrated utility. The company was declared the top Indian company in the GasProcessing Distribution and Marketing Sector for the Dun Bradstreet Corporate Awards 2014 during the year under review. The company was also adjudged Best Performing Company Maharatna category at the India Today PSU Awards 2014. APGDC GDF SUEZ Shell and the company signed MOUs for the floating LNG terminal in Kakinada Andhra Pradesh.On 29 January 2015 GAIL India clarified that its LPG recovery plant at Lakwa Assam would be converted to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited BCPL. GAIL stated that the plant was being converted to supply feedstock to the petrochemical unit and would continue to function under BCPL. On 13 May 2015 Indian Oil Corporation IOCL and GAIL India signed MoU with Dhamra LNG Terminal Private Limited DLTPL. As per the terms of MoU IOCL and GAIL would reserve regasification capacity in the terminal to supply regasified LNG in the emerging gas markets in the eastern part of the country.In a significant step towards dispensing of compressed natural gas CNG along DelhiJaipur Highway corridor and distribution of natural gas to various industrial clusters in Rajasthan Rajasthan State Gas Limited RSGL signed Heads of Agreement HoA with GAIL India on 28 May 2015 to procure natural gas from GAIL India.On 1 January 2016 GAIL India announced that it had entered into a binding Gas Sale and Purchase Agreement GSPA with Petronet LNG Limited for supply of an additional 0.30 MMTPA of RLNG with effect from 1 January 2016. GAIL and Petronet LNG Limited also entered into an agreement to adjust some aspects of their existing long term GSPA of 4.5 MMTPA.On 27 May 2016 GAIL India Limited started initial drilling process at its second Exploratory Well as operator in the NELPIX Block CBONN2010/11 in Cambay Basin in Gujarat. The first well was spud in this block on 27 March 2016. On 22 June 2016 GAIL India Limited announced that it has placed orders worth Rs. 550 crores for purchase of 341 km of line pipes for the Phulpur Haldia/Dhamra natural gas pipeline in Eastern India.On 22 August 2016 GAIL India Limited and Silicon Valleybased Bloom Energy announced a new partnership to transform Indias energy future through the use of innovative technology and signed a Memorandum of Understanding MoU to deploy revolutionary natural gasbased fuel cell technology to generate electricity.On 20 September 2016 GAIL India announced that it has successfully started its first UNIPOL PE Process line at its petrochemical plant at Pata UP with the capacity to produce 400000 tons of polyethylene PE per year.On 10 October 2016 GAIL announced that it had initiated a major step towards the construction of the JagadishpurHaldiaBokaroDhamra natural gas pipeline JHBDPL in Eastern India by approving placement of orders for pipeline laying work of 345 km from Phulpur to Dobhi under phaseIB at an estimated cost of Rs. 306 crores under two sections.On 24 October 2016 the foundation stone of was laid for GAIL Indias City Gas Distribution CGD project in Varanasi Uttar Pradesh. The project is part of GAIL Indias Jagdishpur Haldia and Bokaro Dhamra Pipeline project JHBDPL popularly known as Urja Ganga.The Board of Directors of GAIL India at its meeting held on 25 January 2017 recommended issuance of one bonus share for every three equity shares held of Rs. 10 each fully paid up subject to shareholders approval. On 14 February 2017 GAIL India awarded contract for pipeline laying work for another 105 Km from PeroleKodalamuguru Mangaluru section of the 440 km Kochi Koottanad Mangaluru natural gas pipeline project. On 1 May 2017 GAIL India awarded contracts for pipeline laying work for another 131 Km section from Areacode Malappuram to Kurumathoor Kannur section of the Kochi Koottanad Mangaluru pipeline project.On 18 March 2017 GAIL India announced the launch of the implementation of its City Gas Distribution CGD project in Bhubaneswar and Cuttack in Odisha. On 20 October 2017 GAIL India announced the commencement of supply of natural gas to the residents of Bhubaneswar in OdishaOn 7 December 2017 GAIL India awarded contract for laying 520 kms pipeline connectivity from Dobhi in Bihar to Durgapur in West Bengal including 120 kms line to Jamshedpur in Jharkhand. On 29 December 2017 GAIL India placed line pipe orders for approx. 400 Km for pipeline connectivity from Dobhi in Bihar to Durgapur in West Bengal. On 30 December 2017 GAIL India announced that it had commissioned Indias second largest rooftop solar PV power plant at its petrochemical complex at Pata Uttar Pradesh. The electricity generated from the power plant is targeted for captive use for the gas based petrochemicals plant.
| Organisation | GAIL (India) Ltd |
| Headquarters | New Delhi |
| Industry | Gas Distribution |
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