GAIL (India) Ltd (GAIL)

Citi Maintains Buy Rating on GAIL with Hiked Target Price - 23 Jul, 2024

Brokerage firm Citi has maintained a BUY rating on Gas Authority of India Limited (GAIL) and hiked the target price to Rs 250 from Rs 230. The company saw an increased valuation multiple for the gas transmission business.

Kalpataru Projects Director Highlights Government's Ambitious Energy Targets - 21 Jul, 2024

Amit Uplenchwar, Director of Kalpataru Projects International Limited, has highlighted the Indian government's ambitious targets for deploying advanced energy solutions and the need for significant intervention in the oil & gas, energy, and transmission & distribution sectors. GAIL's proposed ethane cracker unit in Madhya Pradesh could be a game-changer, fostering public-private partnerships and generating jobs.

GAIL Breaks Resistance Zone; Technical Pick for Short-Term Position - 16 Jul, 2024

Brokerage firm Motilal Oswal has identified GAIL (India) Ltd as a technical pick for the short term, setting a target price of Rs 265 over the next 2-3 days. The stock broke out of a resistance zone with above-average volume and positive momentum, indicating potential for further upmove.

GAIL (India) Ltd Expected to Register Increase in EBITDA - 15 Jul, 2024

State-owned natural gas company, GAIL is expected to see a 6% increase in its EBITDA due to higher marketing earnings and transmission volumes. Elara Capital predicts a 40% YoY jump in EBITDA and a 7% YoY increase in gas transmission volumes.

GAIL Signs PNG Agreement, Joins NEGG Project - 13 Jul, 2024

GAIL Gas has signed a bulk domestic Piped Natural Gas Agreement to supply PNG to employee quarters and canteen in Mangaluru. GAIL is also part of the joint venture entity undertaking the North East Gas Grid project in Tripura.

Inclusion of Natural Gas in GST Could Double Demand: GAIL - 10 Jul, 2024

GAIL's Sanjay Kumar stated that if natural gas is included in GST, demand could double in the next seven years. The whole country license for city gas distribution being authorised by PNGRB in recent years will be a major contributor to this growth.

GAIL (India) Outlook Positive Despite Poor Results Expected from OMCs - 09 Jul, 2024

Despite expectations of poor results from other oil marketing companies, GAIL (India) is expected to perform well due to strong crude and gas prices, improving volume growth outlook, and recent tripling of net profit. Analyst recommends deploying bull call spread.

GAIL (India) Ltd's ROCE Falls Below Industry Average - 05 Jul, 2024

GAIL (India) Ltd's returns on capital employed (ROCE) have fallen to 10%, below the Gas Utilities industry average of 17%. The company is reinvesting in the business, but unless trends turn positive, it may not be a good investment.

Brokerage Firm Advises Purchase of GAIL Shares - 04 Jul, 2024

A brokerage firm has advised investors to purchase GAIL (India) Ltd shares in the range of Rs 206-213, with a target price of Rs 240 in the next three months. The recommended stop loss is at Rs 196.

GAIL Advances Net Zero Target for Emissions - 01 Jul, 2024

GAIL (India) Ltd has received board approval to advance its net zero target for Scope-I & II emissions by five years, from the year 2040 to 2035.

GAIL's Urja Ganga Pipeline Project Delayed - 30 Jun, 2024

The construction of GAIL's ₹12,940-crore Urja Ganga gas pipeline has been delayed by nine months and will now be completed by March 2025 due to a delay in right of use availability.

GAIL Advances Net-Zero Target; ONGC & IndianOil Join Forces for Pipeline Network - 29 Jun, 2024

GAIL's Board of Directors approved the advance of its net-zero target for Scope-1 and Scope-2 emissions by five years to 2035. Meanwhile, ONGC and IndianOil have joined forces to connect isolated sources and consumers to the natural gas pipeline network.

GAIL Advances Net-Zero Target, Emerges Successful Bidder for JBF Petrochemicals - 28 Jun, 2024

GAIL (India) Ltd has advanced its net-zero target for Scope-1 and Scope-2 emissions by five years to 2035. Additionally, GAIL emerged as the successful bidder for debt-laden JBF Petrochemicals.