GAIL (India)
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July 9 (Reuters) - Container Corporation of India Ltd CCRI.NS:
CONCOR AND GAIL SIGN LONG-TERM AGREEMENT FOR LNG DISPENSING STATION IN AHMEDABAD
GAIL TO HAVE EXCLUSIVE OPERATIONAL CONTROL UNDER 15-YEAR AGREEMENT
CONCOR TO DEPLOY 15 LNG-POWERED VEHICLES IN FIRST CONTRACT YEAR
Source text: ID:nBSE3JXgKT
Further company coverage: CCRI.NS
(([email protected];))
July 9 (Reuters) - Container Corporation of India Ltd CCRI.NS:
CONCOR AND GAIL SIGN LONG-TERM AGREEMENT FOR LNG DISPENSING STATION IN AHMEDABAD
GAIL TO HAVE EXCLUSIVE OPERATIONAL CONTROL UNDER 15-YEAR AGREEMENT
CONCOR TO DEPLOY 15 LNG-POWERED VEHICLES IN FIRST CONTRACT YEAR
Source text: ID:nBSE3JXgKT
Further company coverage: CCRI.NS
(([email protected];))
May 22 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - CAPITAL ALLOCATION FOR FY2026-27 TOTAL 116 BILLION RUPEES
Source text: ID:nnAZN4SXX5M
Further company coverage: GAIL.NS
(([email protected];))
May 22 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - CAPITAL ALLOCATION FOR FY2026-27 TOTAL 116 BILLION RUPEES
Source text: ID:nnAZN4SXX5M
Further company coverage: GAIL.NS
(([email protected];))
May 21 (Reuters) - Gas distributor GAIL (India) GAIL.NS posted a fourth-quarter profit fall on Thursday, as the Middle East conflict hampered supply.
GAIL, India's top natural gas distributor by market share, said its net profit after tax fell 38.4% to 12.62 billion rupees ($131.2 million) for the quarter ended March 31.
Indian gas distributors were expected to be hurt by a 5% year-on-year fall in domestic gas consumption in the fourth quarter, analysts at Ambit Capital said.
Non-availability of liquefied natural gas (LNG) from Qatar and the Middle East led to industrial customers cutting down consumption.
Gas supply from Qatar, India's largest LNG supplier, was halted in March following the closure of the Strait of Hormuz, while Iran struck two of Qatar's 14 LNG production trains, forcing it to declare force majeure.
GAIL's revenue from operations fell 2.5% to 347.97 billion rupees.
The gas marketing segment, GAIL's largest revenue contributor through wholesale trading and natural gas distribution, reported a 1.2% fall to 312.13 billion rupees.
Revenue from its petrochemicals segment fell 15.4%, while its natural gas transmission segment, through which GAIL holds a 70% market share in the country, rose 11.6%.
GAIL supplies more than 50% of the natural gas sold in the country and primarily serves the power and fertilizer sectors.
The firm's expenses climbed 2% to 342.43 billion rupees.
GAIL's shares closed 0.2% higher ahead of the results.
($1 = 96.2000 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +91 8697274436;))
May 21 (Reuters) - Gas distributor GAIL (India) GAIL.NS posted a fourth-quarter profit fall on Thursday, as the Middle East conflict hampered supply.
GAIL, India's top natural gas distributor by market share, said its net profit after tax fell 38.4% to 12.62 billion rupees ($131.2 million) for the quarter ended March 31.
Indian gas distributors were expected to be hurt by a 5% year-on-year fall in domestic gas consumption in the fourth quarter, analysts at Ambit Capital said.
Non-availability of liquefied natural gas (LNG) from Qatar and the Middle East led to industrial customers cutting down consumption.
Gas supply from Qatar, India's largest LNG supplier, was halted in March following the closure of the Strait of Hormuz, while Iran struck two of Qatar's 14 LNG production trains, forcing it to declare force majeure.
GAIL's revenue from operations fell 2.5% to 347.97 billion rupees.
The gas marketing segment, GAIL's largest revenue contributor through wholesale trading and natural gas distribution, reported a 1.2% fall to 312.13 billion rupees.
Revenue from its petrochemicals segment fell 15.4%, while its natural gas transmission segment, through which GAIL holds a 70% market share in the country, rose 11.6%.
GAIL supplies more than 50% of the natural gas sold in the country and primarily serves the power and fertilizer sectors.
The firm's expenses climbed 2% to 342.43 billion rupees.
GAIL's shares closed 0.2% higher ahead of the results.
($1 = 96.2000 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; +91 8697274436;))
April 27 (Reuters) - Rudra Gas Enterprise Ltd RUDA.BO:
RUDRA GAS ENTERPRISE LTD - ENTERING INTO AGREEMENT WITH GAIL (INDIA) AND GUJARAT GAS
RUDRA GAS ENTERPRISE - GETS CONTRACT FOR LONG TERM SUPPLY OF CBG TO RETAIL OUTLETS OF GUJARAT GAS
RUDRA GAS ENTERPRISE - MONTHLY BILLING OF 12.5 MILLION RUPEES
Source text: ID:nnAZN4SSWUD
Further company coverage: RUDA.BO
(([email protected];;))
April 27 (Reuters) - Rudra Gas Enterprise Ltd RUDA.BO:
RUDRA GAS ENTERPRISE LTD - ENTERING INTO AGREEMENT WITH GAIL (INDIA) AND GUJARAT GAS
RUDRA GAS ENTERPRISE - GETS CONTRACT FOR LONG TERM SUPPLY OF CBG TO RETAIL OUTLETS OF GUJARAT GAS
RUDRA GAS ENTERPRISE - MONTHLY BILLING OF 12.5 MILLION RUPEES
Source text: ID:nnAZN4SSWUD
Further company coverage: RUDA.BO
(([email protected];;))
April 15 (Reuters) - GAIL (India) Ltd GAIL.NS:
TO INVEST 38 BILLION RUPEES IN 700 MW SOLAR PROJECTS IN UP AND MAHARASHTRA
TO SET UP 100 MW SOLAR PROJECT WITH 22 MWH STORAGE IN MAHARASHTRA
TO DEVELOP 600 MW SOLAR PROJECT WITH 550 MWH STORAGE IN UTTAR PRADESH
Source text: ID:nBSERdXBd
Further company coverage: GAIL.NS
(([email protected];))
April 15 (Reuters) - GAIL (India) Ltd GAIL.NS:
TO INVEST 38 BILLION RUPEES IN 700 MW SOLAR PROJECTS IN UP AND MAHARASHTRA
TO SET UP 100 MW SOLAR PROJECT WITH 22 MWH STORAGE IN MAHARASHTRA
TO DEVELOP 600 MW SOLAR PROJECT WITH 550 MWH STORAGE IN UTTAR PRADESH
Source text: ID:nBSERdXBd
Further company coverage: GAIL.NS
(([email protected];))
April 13 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - TO SET UP GREENFIELD 600 MW SOLAR PROJECT IN UTTAR PRADESH
GAIL - INVESTMENT REQUIRED FOR PROJECT IS 32.95 BILLION RUPEES
Further company coverage: GAIL.NS
(([email protected];))
April 13 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - TO SET UP GREENFIELD 600 MW SOLAR PROJECT IN UTTAR PRADESH
GAIL - INVESTMENT REQUIRED FOR PROJECT IS 32.95 BILLION RUPEES
Further company coverage: GAIL.NS
(([email protected];))
April 9 (Reuters) - Indian gas firm GAIL (India) GAIL.NS plans to borrow 50-60 billion rupees ($539 million-$647 million) in financial year 2027, and recently bought three spot LNG cargoes to make up for shortages caused by the Iran war, Director Finance Rakesh Jain told reporters at an industry event on Thursday.
($1 = 92.7100 Indian rupees)
(Reporting by Nidhi Verma in New Delhi, Writing by Aleef Jahan in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
April 9 (Reuters) - Indian gas firm GAIL (India) GAIL.NS plans to borrow 50-60 billion rupees ($539 million-$647 million) in financial year 2027, and recently bought three spot LNG cargoes to make up for shortages caused by the Iran war, Director Finance Rakesh Jain told reporters at an industry event on Thursday.
($1 = 92.7100 Indian rupees)
(Reporting by Nidhi Verma in New Delhi, Writing by Aleef Jahan in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
April 7 (Reuters) - GAIL (India) Ltd GAIL.NS:
ENTERS LONG-TERM CHARTER PARTY AGREEMENT WITH ALPHA GAS FOR LNG CARRIER
Source text: ID:nBSE2YWl1G
Further company coverage: GAIL.NS
(([email protected];))
April 7 (Reuters) - GAIL (India) Ltd GAIL.NS:
ENTERS LONG-TERM CHARTER PARTY AGREEMENT WITH ALPHA GAS FOR LNG CARRIER
Source text: ID:nBSE2YWl1G
Further company coverage: GAIL.NS
(([email protected];))
India and Russia discuss resuming LNG trade amid Gulf supply disruptions, sources say
New Delhi has approached Washington for potential sanctions waiver
India's Russian crude imports could also soon double to 40% of its total supply
U.S. had spent years pressuring India to curtail Russian energy purchases
By Krishna N. Das, Nidhi Verma and Saurabh Sharma
NEW DELHI, March 27 (Reuters) - As India's diplomats negotiated an accord that would ease punitive U.S. tariffs on the South Asian country's exports in January, New Delhi slashed its purchases of Russian crude oil in a move that was widely seen as a painful concession to President Donald Trump.
Just two months later, however, Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas for the first time since the start of the Ukraine war, according to two people familiar with the matter. If India decides to pursue the deal, which risks violating Western sanctions, negotiations could be concluded in weeks, one of the people said.
Details of the talks, which come amid skyrocketing energy prices triggered by the U.S.-Israeli attack on Iran, have not been previously reported. The "verbal agreement" to negotiate an LNG deal was reached during a March 19 meeting between Russian Deputy Energy Minister Pavel Sorokin and Indian Petroleum and Gas Minister Hardeep Singh Puri in Delhi, the people said.
The two officials also agreed to further increase crude oil sales to India, which could double from January's levels to at least 40% of India's total imports in about a month, three people familiar with their deliberations said.
India became a major buyer of Russian crude that was heavily discounted after the invasion of Ukraine, which became a point of contention with the Trump administration. The world's third-biggest oil importer and consumer purchased nearly $44 billion of crude from Moscow last year, playing a vital role in keeping the Kremlin's wartime economy alive.
India has separately told its energy importers to get ready to resume purchases of Russian LNG, one of the people said. Delhi has already approached Washington about a possible sanctions waiver, according to the source and a second person familiar with the request.
India’s external affairs and petroleum ministries did not respond to questions about the potential LNG deal. Foreign ministry spokesperson Randhir Jaiswal told reporters last week that Delhi was in talks with several countries to secure energy supplies, including LNG. Indian authorities have also said they are purchasing cargos of Russian liquefied petroleum gas, which is largely used for cooking and isn't under sanctions.
The Russian energy ministry declined to comment about any discussions with India, while the U.S. Treasury Department did not address questions about sanctions relief.
The White House and Ukraine's embassy in Delhi did not respond to requests for comment.
"India chose the course that best served its national interests, anchored in a long-standing and trusted partnership with Russia," said Ajai Malhotra, a former Indian ambassador to Moscow.
Delhi should now "demand exemptions or accommodations as a normal part of negotiation between strategic partners," he added, referring to Washington.
DOUBLE WHAMMY
While India has been courted by the United States for decades as a strategic counterweight to neighbouring China, the world's fifth-largest economy has now been left reeling twice in less than a year by decisions initiated largely in Washington.
After years of buying crude oil from Moscow at discounted rates, Delhi sharply curtailed purchases after Trump in August imposed tariffs of as high as 50% on Indian goods, or among the most punitive levied on any country. The U.S. Supreme Court has since ruled that Trump acted unlawfully in enacting such tariffs.
India's calculus quickly changed after the U.S. and Israel attacked Iran on February 28. Tehran's retaliation included targeting ships in the Strait of Hormuz, effectively shutting down the narrow strip through which about half of India's crude oil and LNG supplies pass.
Long lines have since been seen outside some Indian gas stations, while some restaurants have run out of cooking gas.
Demand for Russian energy exports, which when transported to Asian customers avoid the Gulf, has sharply increased across the region's economies.
India's state-owned refiners began ordering additional purchases of Russian crude in the hours before the U.S. on March 5 announced a temporary waiver that would allow Delhi to buy some sanctioned cargoes. As oil prices continued to climb, Washington further loosened restrictions.
Some Indian policymakers have lamented that Delhi cut Russian crude imports as a concession to the U.S., according to a government document seen by Reuters.
“India had reduced purchases of discounted Russian crude, which would have buffered the situation to an extent,” said the note, a briefing on the Middle East crisis that was prepared on March 20 for the cabinet secretariat.
It cautioned that a prolonged disruption of oil flows from the Middle East would prompt a cascade of economic challenges, "leading to higher inflation, a weaker currency and rising foreign debt.”
Export growth could take a hit of between 2% and 4%, it warned, adding that wholesale inflation could rise by between 0.3% and 0.7%.
WARMING TIES
Russia, which has maintained friendly ties with India since the Cold War, is pressing its advantage.
Any new LNG accord would likely contain less favourable terms for India as compared to the 20-year supply deal India's state-owned GAIL agreed with Russia's Gazprom in 2012, according to one of the sources. "It is now a seller's market," the person said.
Executives at Russian state power grid company Rosseti, who were in Delhi this month for an industry summit, also proposed working with their Indian counterparts on transmission facilities, largely in mountainous and remote areas of the country, one of the sources said.
If an agreement is reached, it would mark Moscow's first foray into India's power transmission sector.
Russia is also keen to expand air connectivity with India: Timofei Titarenko, an executive with St. Petersburg's Pulkovo Airport, told Reuters last week that he has been visiting Indian airports and exploring the possibility of more direct flights.
Chief Kremlin diplomat Sergei Lavrov told a conference on Indo-Russian relations this week that 96% of trade between the two countries is now conducted in rupees and roubles.
"The time-tested Russian-Indian friendship serves as an example of how interstate relations should and can be built – based on equality, mutual trust and respect, and consideration of each other's interests," he said.
Rupee-rouble transactions of up to $1 billion can now be processed in as little as a day, or more than twice as fast as just a few years ago, a top executive at the Indian branch of Russian lender Sberbank said at a Mumbai conference in March.
(Additional reporting by Jaspreet Kalra in Mumbai, Shivangi Acharya in New Delhi, Vladimir Soldatkin in Moscow and Jarrett Renshaw in Washington; Editing by Katerina Ang)
India and Russia discuss resuming LNG trade amid Gulf supply disruptions, sources say
New Delhi has approached Washington for potential sanctions waiver
India's Russian crude imports could also soon double to 40% of its total supply
U.S. had spent years pressuring India to curtail Russian energy purchases
By Krishna N. Das, Nidhi Verma and Saurabh Sharma
NEW DELHI, March 27 (Reuters) - As India's diplomats negotiated an accord that would ease punitive U.S. tariffs on the South Asian country's exports in January, New Delhi slashed its purchases of Russian crude oil in a move that was widely seen as a painful concession to President Donald Trump.
Just two months later, however, Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of liquefied natural gas for the first time since the start of the Ukraine war, according to two people familiar with the matter. If India decides to pursue the deal, which risks violating Western sanctions, negotiations could be concluded in weeks, one of the people said.
Details of the talks, which come amid skyrocketing energy prices triggered by the U.S.-Israeli attack on Iran, have not been previously reported. The "verbal agreement" to negotiate an LNG deal was reached during a March 19 meeting between Russian Deputy Energy Minister Pavel Sorokin and Indian Petroleum and Gas Minister Hardeep Singh Puri in Delhi, the people said.
The two officials also agreed to further increase crude oil sales to India, which could double from January's levels to at least 40% of India's total imports in about a month, three people familiar with their deliberations said.
India became a major buyer of Russian crude that was heavily discounted after the invasion of Ukraine, which became a point of contention with the Trump administration. The world's third-biggest oil importer and consumer purchased nearly $44 billion of crude from Moscow last year, playing a vital role in keeping the Kremlin's wartime economy alive.
India has separately told its energy importers to get ready to resume purchases of Russian LNG, one of the people said. Delhi has already approached Washington about a possible sanctions waiver, according to the source and a second person familiar with the request.
India’s external affairs and petroleum ministries did not respond to questions about the potential LNG deal. Foreign ministry spokesperson Randhir Jaiswal told reporters last week that Delhi was in talks with several countries to secure energy supplies, including LNG. Indian authorities have also said they are purchasing cargos of Russian liquefied petroleum gas, which is largely used for cooking and isn't under sanctions.
The Russian energy ministry declined to comment about any discussions with India, while the U.S. Treasury Department did not address questions about sanctions relief.
The White House and Ukraine's embassy in Delhi did not respond to requests for comment.
"India chose the course that best served its national interests, anchored in a long-standing and trusted partnership with Russia," said Ajai Malhotra, a former Indian ambassador to Moscow.
Delhi should now "demand exemptions or accommodations as a normal part of negotiation between strategic partners," he added, referring to Washington.
DOUBLE WHAMMY
While India has been courted by the United States for decades as a strategic counterweight to neighbouring China, the world's fifth-largest economy has now been left reeling twice in less than a year by decisions initiated largely in Washington.
After years of buying crude oil from Moscow at discounted rates, Delhi sharply curtailed purchases after Trump in August imposed tariffs of as high as 50% on Indian goods, or among the most punitive levied on any country. The U.S. Supreme Court has since ruled that Trump acted unlawfully in enacting such tariffs.
India's calculus quickly changed after the U.S. and Israel attacked Iran on February 28. Tehran's retaliation included targeting ships in the Strait of Hormuz, effectively shutting down the narrow strip through which about half of India's crude oil and LNG supplies pass.
Long lines have since been seen outside some Indian gas stations, while some restaurants have run out of cooking gas.
Demand for Russian energy exports, which when transported to Asian customers avoid the Gulf, has sharply increased across the region's economies.
India's state-owned refiners began ordering additional purchases of Russian crude in the hours before the U.S. on March 5 announced a temporary waiver that would allow Delhi to buy some sanctioned cargoes. As oil prices continued to climb, Washington further loosened restrictions.
Some Indian policymakers have lamented that Delhi cut Russian crude imports as a concession to the U.S., according to a government document seen by Reuters.
“India had reduced purchases of discounted Russian crude, which would have buffered the situation to an extent,” said the note, a briefing on the Middle East crisis that was prepared on March 20 for the cabinet secretariat.
It cautioned that a prolonged disruption of oil flows from the Middle East would prompt a cascade of economic challenges, "leading to higher inflation, a weaker currency and rising foreign debt.”
Export growth could take a hit of between 2% and 4%, it warned, adding that wholesale inflation could rise by between 0.3% and 0.7%.
WARMING TIES
Russia, which has maintained friendly ties with India since the Cold War, is pressing its advantage.
Any new LNG accord would likely contain less favourable terms for India as compared to the 20-year supply deal India's state-owned GAIL agreed with Russia's Gazprom in 2012, according to one of the sources. "It is now a seller's market," the person said.
Executives at Russian state power grid company Rosseti, who were in Delhi this month for an industry summit, also proposed working with their Indian counterparts on transmission facilities, largely in mountainous and remote areas of the country, one of the sources said.
If an agreement is reached, it would mark Moscow's first foray into India's power transmission sector.
Russia is also keen to expand air connectivity with India: Timofei Titarenko, an executive with St. Petersburg's Pulkovo Airport, told Reuters last week that he has been visiting Indian airports and exploring the possibility of more direct flights.
Chief Kremlin diplomat Sergei Lavrov told a conference on Indo-Russian relations this week that 96% of trade between the two countries is now conducted in rupees and roubles.
"The time-tested Russian-Indian friendship serves as an example of how interstate relations should and can be built – based on equality, mutual trust and respect, and consideration of each other's interests," he said.
Rupee-rouble transactions of up to $1 billion can now be processed in as little as a day, or more than twice as fast as just a few years ago, a top executive at the Indian branch of Russian lender Sberbank said at a Mumbai conference in March.
(Additional reporting by Jaspreet Kalra in Mumbai, Shivangi Acharya in New Delhi, Vladimir Soldatkin in Moscow and Jarrett Renshaw in Washington; Editing by Katerina Ang)
March 25 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - MUMBAI-NAGPUR-JHARSUGUDA PIPELINE (MNJPL) COMPLETION DATE REVISED TO 30TH JUNE 2026
Source text: ID:nBSE4g8gxh
Further company coverage: GAIL.NS
(([email protected];))
March 25 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - MUMBAI-NAGPUR-JHARSUGUDA PIPELINE (MNJPL) COMPLETION DATE REVISED TO 30TH JUNE 2026
Source text: ID:nBSE4g8gxh
Further company coverage: GAIL.NS
(([email protected];))
March 24 (Reuters) - Suzlon Energy Ltd SUZL.NS:
SUZLON ENERGY LTD - WINS ITS SIXTH REPEAT ORDER OF 100 MW FROM GAIL
Source text: ID:nNSExsLbM
Further company coverage: SUZL.NS
(([email protected];;))
March 24 (Reuters) - Suzlon Energy Ltd SUZL.NS:
SUZLON ENERGY LTD - WINS ITS SIXTH REPEAT ORDER OF 100 MW FROM GAIL
Source text: ID:nNSExsLbM
Further company coverage: SUZL.NS
(([email protected];;))
** Shares of GAIL (India)GAIL.NS fall 4.76% to 136.11 rupees
** Antique Stockbroking flags volume-led disruption to earnings outlook and lower gas transmission volumes as key near-term risk for profitability visibility
** Says disruptions tied to supply-side constraints could weigh on pipeline utilisation and earnings trajectory
** However, broker notes current valuations remain attractive relative to historical averages and peers, offering medium-term comfort
** Adds structural gas demand outlook remains intact despite near-term volatility
** Stock rated "buy" on average by 33 analysts, median PT at 190 rupees -- LSEG data
** YTD, stock down more than 17%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of GAIL (India)GAIL.NS fall 4.76% to 136.11 rupees
** Antique Stockbroking flags volume-led disruption to earnings outlook and lower gas transmission volumes as key near-term risk for profitability visibility
** Says disruptions tied to supply-side constraints could weigh on pipeline utilisation and earnings trajectory
** However, broker notes current valuations remain attractive relative to historical averages and peers, offering medium-term comfort
** Adds structural gas demand outlook remains intact despite near-term volatility
** Stock rated "buy" on average by 33 analysts, median PT at 190 rupees -- LSEG data
** YTD, stock down more than 17%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
March 19 (Reuters) - TruAlt Bioenergy Ltd TRUA.NS:
GAIL INVESTS 130 MILLION RUPEES IN TRUALT BIOENERGY'S SUBSIDIARY LEAFINITI
Source text: ID:nBSE2NLHK4
Further company coverage: TRUA.NS
(([email protected];;))
March 19 (Reuters) - TruAlt Bioenergy Ltd TRUA.NS:
GAIL INVESTS 130 MILLION RUPEES IN TRUALT BIOENERGY'S SUBSIDIARY LEAFINITI
Source text: ID:nBSE2NLHK4
Further company coverage: TRUA.NS
(([email protected];;))
SINGAPORE, March 18 (Reuters) - GAIL (India) GAIL.NS has issued a swap tender, offering two U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for two cargo deliveries to India, said two industry sources on Wednesday.
GAIL, India's largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on April 22 at Sabine Pass, Louisiana, and on May 11 at Cove Point, Maryland.
In exchange, GAIL is seeking two cargoes for delivery on a delivered ex-ship (DES) basis to the Dahej terminal on April 1-7 and 8-15.
The tender closes on March 18.
(Reporting by Emily Chow; Editing by Tom Hogue)
(([email protected]; Reuters Messaging: [email protected]))
SINGAPORE, March 18 (Reuters) - GAIL (India) GAIL.NS has issued a swap tender, offering two U.S.-loaded liquefied natural gas (LNG) cargoes in exchange for two cargo deliveries to India, said two industry sources on Wednesday.
GAIL, India's largest gas distributor, is offering the cargoes for loading on a free-on-board (FOB) basis on April 22 at Sabine Pass, Louisiana, and on May 11 at Cove Point, Maryland.
In exchange, GAIL is seeking two cargoes for delivery on a delivered ex-ship (DES) basis to the Dahej terminal on April 1-7 and 8-15.
The tender closes on March 18.
(Reporting by Emily Chow; Editing by Tom Hogue)
(([email protected]; Reuters Messaging: [email protected]))
March 11 (Reuters) - GAIL (India) Ltd GAIL.NS:
FITCH RATINGS: INDIAN OMCS, GAIL FACE NARROWER BUFFERS FROM PROLONGED IRAN SHOCK
Source text: ID:nFIT4QMhKY
Further company coverage: GAIL.NS
(([email protected];;))
March 11 (Reuters) - GAIL (India) Ltd GAIL.NS:
FITCH RATINGS: INDIAN OMCS, GAIL FACE NARROWER BUFFERS FROM PROLONGED IRAN SHOCK
Source text: ID:nFIT4QMhKY
Further company coverage: GAIL.NS
(([email protected];;))
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March 10 - By Ira Dugal, Editor Financial News, with global Reuters staff
The Iran war’s effect on business is growing rather dramatically. From gas curbs to export delays, Indian companies are already feeling the strain. And so are financial markets, forcing a step-up in intervention from the central bank.
From fertiliser producers, to makers of ceramics to crafters of jewellery, a broad swathe of Indian companies has found itself in the cross-hairs of the war. That's our focus this week. Are there as-yet unanticipated ways in which the Middle East crisis could hit Indian firms? Write to me at [email protected].
And foreign outflows from Indian IT stocks hit a seven-month high in February. Scroll down for more on that.
THIS WEEK IN ASIA
Iran defies Trump, elevates Khamenei's son Mojtaba as successor
China says US talks vital as Trump targets Beijing's key partners
Airlines begin to hike fares due to higher fuel prices, shares stabilise
US pressing Sri Lanka not to repatriate Iranian crew and survivors from sunken ship, memo says
Vietnam eyes new 5G deals with Chinese tech firms, sources say, despite US warnings
SHORTAGES, SUPPLY DISRUPTIONS, PRICE HIKES
The U.S.-Israel war with Iran, now into its second week, is casting its shadow on businesses across the world, including India's.
The first point of impact has been higher oil prices - which rose above $110 per barrel but slid on Tuesday as U.S. President Donald Trump's comments raised hopes of an end to the war. But disruption to trade through the Strait of Hormuz and stoppage of gas supplies are also having a more immediate impact on Indian businesses.
Over the past week, GAIL GAIL.NS and IOC IOC.NS restricted gas supplies to industrial customers after Qatar halted production of liquefied natural gas and shipments were disrupted.
India, the world's fourth-largest buyer of LNG, relies heavily on the Middle East for its imports.
The gas shortages will likely hit the fertiliser sector quickly, where some manufacturers such as Gujarat Narmada Valley Fertilizers GNFC.NS have already announced planned production cuts.
Similar cuts are being seen across the region, which could potentially curb supplies just as farmers gear up for their major cereal planting season, Reuters' Naveen Thukral reported.
India imports about a third of its fertiliser needs. The government, however, was confident supplies will be adequate and added it is taking steps to diversify imports beyond the crisis-hit Middle East.
The ceramic and tiles industry has been another early casualty of fuel-supply shortages, with a number of firms planning on paring production. And restaurants have taken to social media to complain about a shortage of industrial-sized gas cylinders.
Alongside, businesses that export to the Middle East are starting to warn about delays in shipments.
India's gems and jewellery exports, as well as imports of rough diamonds from the United Arab Emirates, are being impacted because of widespread flight cancellations and airspace closures, Reuters' Rajendra Jadhav reported.
Jindal Stainless JIST.NS, India's biggest stainless steel producer, has warned of shipment delays.
India is not alone in feeling the impact, with many global businesses under pressure. Read here for an assessment of the global impact.
Prices are starting to be impacted as well, with India raising cooking gas prices, even though the government has ruled out a hike in retail costs of petrol and diesel for now.
The one silver lining is that interest rates may not rise immediately as production cuts due to shortages of fuel-based raw material and disruptions to exports may mean a quicker hit to India's growth than to inflation.
Read that analysis here.
In a scenario where oil prices average $120 per barrel in financial year 2026-27, inflation may rise to 4.8% while growth may slip to 6.2% from a currently estimated 7%, said Soumya Kanti Ghosh, chief economist at State Bank of India, the country's largest bank.
STEPPING UP INTERVENTION
With no quick resolution in sight and financial markets jittery, India's central bank has stepped up intervention.
It sold about $12 billion from its foreign exchange reserves to steady the rupee, which fell to a record low below 92 against the dollar this week.
It also bought bonds via the secondary markets and announced purchases of another 1 trillion rupees over the next week, to keep liquidity comfortable and interest rates in check.
The government too has activated contingency measures at ports to ensure additional storage facilities for exports bound for the Middle East that may be stuck or returning midway due to a lack of safe transit.
"Risk-off sentiments will keep the Indian rupee under pressure, while the RBI intervenes judiciously, balancing pressures on FX reserves and the need to maintain banking system liquidity," Kotak Institutional Equities said in a note.
MARKET MATTERS
Indian IT stocks fell the most in February since the global financial crisis as foreign selling hit its highest in seven months on concerns about the impact artificial intelligence models will have on the software business, data released on Friday showed.
Foreign portfolio investors sold IT stocks worth 169.49 billion rupees ($1.85 billion) last month, triggering a 19.5% drop in the IT index .NIFTYIT, its worst monthly performance since September 2008, when the global financial crisis upended equity markets.
Read here for more.
THIS WEEK'S MUST-READ
The southern Indian state of Karnataka, home to the tech hub of Bengaluru, banned on Friday the use of social media by those under the age of 16.
Read here for more on the decision.
Karnataka became the first Indian state to implement a ban even though a wider debate in the country kicked off after an annual economic document from the government's chief economic adviser earlier this year said that India should draft policies on age-based access limits to tackle "digital addiction".
FPI outflows from Indian IT stocks climb to 7-month high in February 2026 https://reut.rs/4b9tLbh
(Reporting by Ira Dugal; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.
March 10 - By Ira Dugal, Editor Financial News, with global Reuters staff
The Iran war’s effect on business is growing rather dramatically. From gas curbs to export delays, Indian companies are already feeling the strain. And so are financial markets, forcing a step-up in intervention from the central bank.
From fertiliser producers, to makers of ceramics to crafters of jewellery, a broad swathe of Indian companies has found itself in the cross-hairs of the war. That's our focus this week. Are there as-yet unanticipated ways in which the Middle East crisis could hit Indian firms? Write to me at [email protected].
And foreign outflows from Indian IT stocks hit a seven-month high in February. Scroll down for more on that.
THIS WEEK IN ASIA
Iran defies Trump, elevates Khamenei's son Mojtaba as successor
China says US talks vital as Trump targets Beijing's key partners
Airlines begin to hike fares due to higher fuel prices, shares stabilise
US pressing Sri Lanka not to repatriate Iranian crew and survivors from sunken ship, memo says
Vietnam eyes new 5G deals with Chinese tech firms, sources say, despite US warnings
SHORTAGES, SUPPLY DISRUPTIONS, PRICE HIKES
The U.S.-Israel war with Iran, now into its second week, is casting its shadow on businesses across the world, including India's.
The first point of impact has been higher oil prices - which rose above $110 per barrel but slid on Tuesday as U.S. President Donald Trump's comments raised hopes of an end to the war. But disruption to trade through the Strait of Hormuz and stoppage of gas supplies are also having a more immediate impact on Indian businesses.
Over the past week, GAIL GAIL.NS and IOC IOC.NS restricted gas supplies to industrial customers after Qatar halted production of liquefied natural gas and shipments were disrupted.
India, the world's fourth-largest buyer of LNG, relies heavily on the Middle East for its imports.
The gas shortages will likely hit the fertiliser sector quickly, where some manufacturers such as Gujarat Narmada Valley Fertilizers GNFC.NS have already announced planned production cuts.
Similar cuts are being seen across the region, which could potentially curb supplies just as farmers gear up for their major cereal planting season, Reuters' Naveen Thukral reported.
India imports about a third of its fertiliser needs. The government, however, was confident supplies will be adequate and added it is taking steps to diversify imports beyond the crisis-hit Middle East.
The ceramic and tiles industry has been another early casualty of fuel-supply shortages, with a number of firms planning on paring production. And restaurants have taken to social media to complain about a shortage of industrial-sized gas cylinders.
Alongside, businesses that export to the Middle East are starting to warn about delays in shipments.
India's gems and jewellery exports, as well as imports of rough diamonds from the United Arab Emirates, are being impacted because of widespread flight cancellations and airspace closures, Reuters' Rajendra Jadhav reported.
Jindal Stainless JIST.NS, India's biggest stainless steel producer, has warned of shipment delays.
India is not alone in feeling the impact, with many global businesses under pressure. Read here for an assessment of the global impact.
Prices are starting to be impacted as well, with India raising cooking gas prices, even though the government has ruled out a hike in retail costs of petrol and diesel for now.
The one silver lining is that interest rates may not rise immediately as production cuts due to shortages of fuel-based raw material and disruptions to exports may mean a quicker hit to India's growth than to inflation.
Read that analysis here.
In a scenario where oil prices average $120 per barrel in financial year 2026-27, inflation may rise to 4.8% while growth may slip to 6.2% from a currently estimated 7%, said Soumya Kanti Ghosh, chief economist at State Bank of India, the country's largest bank.
STEPPING UP INTERVENTION
With no quick resolution in sight and financial markets jittery, India's central bank has stepped up intervention.
It sold about $12 billion from its foreign exchange reserves to steady the rupee, which fell to a record low below 92 against the dollar this week.
It also bought bonds via the secondary markets and announced purchases of another 1 trillion rupees over the next week, to keep liquidity comfortable and interest rates in check.
The government too has activated contingency measures at ports to ensure additional storage facilities for exports bound for the Middle East that may be stuck or returning midway due to a lack of safe transit.
"Risk-off sentiments will keep the Indian rupee under pressure, while the RBI intervenes judiciously, balancing pressures on FX reserves and the need to maintain banking system liquidity," Kotak Institutional Equities said in a note.
MARKET MATTERS
Indian IT stocks fell the most in February since the global financial crisis as foreign selling hit its highest in seven months on concerns about the impact artificial intelligence models will have on the software business, data released on Friday showed.
Foreign portfolio investors sold IT stocks worth 169.49 billion rupees ($1.85 billion) last month, triggering a 19.5% drop in the IT index .NIFTYIT, its worst monthly performance since September 2008, when the global financial crisis upended equity markets.
Read here for more.
THIS WEEK'S MUST-READ
The southern Indian state of Karnataka, home to the tech hub of Bengaluru, banned on Friday the use of social media by those under the age of 16.
Read here for more on the decision.
Karnataka became the first Indian state to implement a ban even though a wider debate in the country kicked off after an annual economic document from the government's chief economic adviser earlier this year said that India should draft policies on age-based access limits to tackle "digital addiction".
FPI outflows from Indian IT stocks climb to 7-month high in February 2026 https://reut.rs/4b9tLbh
(Reporting by Ira Dugal; Editing by Muralikumar Anantharaman)
(([email protected]; +91-9833024892;))
March 9 (Reuters) - Railtel Corporation of India Ltd RAIT.NS:
NO DEFINITIVE TERMS HAVE BEEN FINALIZED IN MOU WITH GAIL
Source text: ID:nnAZN4SKA6Z
Further company coverage: RAIT.NS
(([email protected];;))
March 9 (Reuters) - Railtel Corporation of India Ltd RAIT.NS:
NO DEFINITIVE TERMS HAVE BEEN FINALIZED IN MOU WITH GAIL
Source text: ID:nnAZN4SKA6Z
Further company coverage: RAIT.NS
(([email protected];;))
Adds details on ONGC Petro Addition in final paragraphs
By Sethuraman N R
NEW DELHI, March 5 (Reuters) - India's GAIL (India) GAIL.NS said on Thursday it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG PLNG.NS over constraints on vessels as conflict escalates in the Middle East.
The U.S. and Israel's war on Iran has disrupted fuel shipments from the Gulf, affecting India's imports of liquefied natural gas from key supplier Qatar.
Fallout from the U.S.-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit.
The allocation of LNG from Petronet to GAIL has been reduced to zero with effect from March 4, GAIL said, adding that the potential impact from the force majeure could not be quantified.
LNG supplies to GAIL from other sources and suppliers are currently unaffected, the gas marketing company said in a statement to stock exchanges.
Petronet LNG, India's top gas importer, on Wednesday issued a force majeure notice to its supplier, QatarEnergy, and to local buyers like GAIL and Indian Oil Corp IOC.NS, after its LNG tankers were unable to reach the LNG loading terminal at Ras Laffan, it said in an exchange filing.
GAIL and IOC have already reduced gas supplies to industrial customers, Reuters reported on Tuesday.
India imported 27 million metric tons of LNG in 2024/25, about half of its overall gas consumption, according to government data. The bulk of the LNG comes from Qatar.
Separately, ONGC Petro Additions also said that it is operating its Dahej gas cracker in western India at a "drastically" lower capacity due to falling supplies of gas and other feedstock.
Lower run rates at the Dahej cracker will impact downstream petrochemical plants, it said.
(Reporting by Sethuraman NR; Editing by Tom Hogue and Louise Heavens)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Adds details on ONGC Petro Addition in final paragraphs
By Sethuraman N R
NEW DELHI, March 5 (Reuters) - India's GAIL (India) GAIL.NS said on Thursday it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG PLNG.NS over constraints on vessels as conflict escalates in the Middle East.
The U.S. and Israel's war on Iran has disrupted fuel shipments from the Gulf, affecting India's imports of liquefied natural gas from key supplier Qatar.
Fallout from the U.S.-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit.
The allocation of LNG from Petronet to GAIL has been reduced to zero with effect from March 4, GAIL said, adding that the potential impact from the force majeure could not be quantified.
LNG supplies to GAIL from other sources and suppliers are currently unaffected, the gas marketing company said in a statement to stock exchanges.
Petronet LNG, India's top gas importer, on Wednesday issued a force majeure notice to its supplier, QatarEnergy, and to local buyers like GAIL and Indian Oil Corp IOC.NS, after its LNG tankers were unable to reach the LNG loading terminal at Ras Laffan, it said in an exchange filing.
GAIL and IOC have already reduced gas supplies to industrial customers, Reuters reported on Tuesday.
India imported 27 million metric tons of LNG in 2024/25, about half of its overall gas consumption, according to government data. The bulk of the LNG comes from Qatar.
Separately, ONGC Petro Additions also said that it is operating its Dahej gas cracker in western India at a "drastically" lower capacity due to falling supplies of gas and other feedstock.
Lower run rates at the Dahej cracker will impact downstream petrochemical plants, it said.
(Reporting by Sethuraman NR; Editing by Tom Hogue and Louise Heavens)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Recasts, adds details from sources
Middle East conflict disrupts India's LNG supply from Qatar
Force majeure declared by Indian gas firms, affecting fertiliser production
No gas supply cuts announced for households or automobile sector
By Nidhi Verma
NEW DELHI, March 4 (Reuters) - Several Indian companies have restricted the domestic supply of natural gas, including to the important fertiliser sector, under a force majeure clause due to an escalating conflict in the Middle East, gas importers and sources said on Wednesday.
The U.S and Israel's air war on Iran has disrupted fuel shipments in the region, affecting India's key supplier of liquefied natural gas, Qatar.
Sources familiar with the matter said lower gas supplies had already marginally hit production of some fertiliser companies including the Indian Farmers Fertiliser Cooperative Ltd and Kribhco Fertilizers Ltd.
The two companies did not respond to Reuters' request for comment outside normal working hours.
Gujarat Gas Ltd, which supplies gas for domestic and industrial clients, said in a stock exchange filing that it had declared a force majeure to restrict gas supplies to industries from Thursday. Its parent company, GSPC, gets most of the gas from Qatar and Abu Dhabi National Oil Co for sale to local customers.
India's top gas importer Petronet LNG Ltd PLNG.NS issued a force majeure notice to its supplier, QatarEnergy, and to local buyers GAIL (India) Ltd GAIL.NS, Indian Oil Corp IOC.NS, and Bharat Petroleum Corp BPCL.NS, after its three LNG tankers were unable to reach the Ras Laffan loading port, it said in an exchange filing.
GAIL and IOC have already reduced gas supplies to industries, Reuters reported on Tuesday.
QatarEnergy has also issued a notice to Petronet "indicating a potential event of force majeure" due to the hostilities in the region, the Indian company said.
So far the companies have not announced any cuts in gas supplies for households or the automobile sector.
India imported 27 million tonnes of LNG in 2024/25, about half of its overall gas consumption, according to the government data. The bulk of the LNG is imported from Qatar.
As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally, as well as large quantities of liquefied natural gas, has ground to a near-halt after some vessels in the area were hit.
(Reporting by Nidhi Verma; Editing by Nivedita Bhattacharjee and Andrei Khalip)
(([email protected]; X: @nidhi712;))
Recasts, adds details from sources
Middle East conflict disrupts India's LNG supply from Qatar
Force majeure declared by Indian gas firms, affecting fertiliser production
No gas supply cuts announced for households or automobile sector
By Nidhi Verma
NEW DELHI, March 4 (Reuters) - Several Indian companies have restricted the domestic supply of natural gas, including to the important fertiliser sector, under a force majeure clause due to an escalating conflict in the Middle East, gas importers and sources said on Wednesday.
The U.S and Israel's air war on Iran has disrupted fuel shipments in the region, affecting India's key supplier of liquefied natural gas, Qatar.
Sources familiar with the matter said lower gas supplies had already marginally hit production of some fertiliser companies including the Indian Farmers Fertiliser Cooperative Ltd and Kribhco Fertilizers Ltd.
The two companies did not respond to Reuters' request for comment outside normal working hours.
Gujarat Gas Ltd, which supplies gas for domestic and industrial clients, said in a stock exchange filing that it had declared a force majeure to restrict gas supplies to industries from Thursday. Its parent company, GSPC, gets most of the gas from Qatar and Abu Dhabi National Oil Co for sale to local customers.
India's top gas importer Petronet LNG Ltd PLNG.NS issued a force majeure notice to its supplier, QatarEnergy, and to local buyers GAIL (India) Ltd GAIL.NS, Indian Oil Corp IOC.NS, and Bharat Petroleum Corp BPCL.NS, after its three LNG tankers were unable to reach the Ras Laffan loading port, it said in an exchange filing.
GAIL and IOC have already reduced gas supplies to industries, Reuters reported on Tuesday.
QatarEnergy has also issued a notice to Petronet "indicating a potential event of force majeure" due to the hostilities in the region, the Indian company said.
So far the companies have not announced any cuts in gas supplies for households or the automobile sector.
India imported 27 million tonnes of LNG in 2024/25, about half of its overall gas consumption, according to the government data. The bulk of the LNG is imported from Qatar.
As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally, as well as large quantities of liquefied natural gas, has ground to a near-halt after some vessels in the area were hit.
(Reporting by Nidhi Verma; Editing by Nivedita Bhattacharjee and Andrei Khalip)
(([email protected]; X: @nidhi712;))
By Nidhi Verma
NEW DELHI, March 3 (Reuters) - Indian companies on Tuesday reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top producer Qatar halted production, four industry sources with knowledge of the matter said.
The sources declined to be named because they were not authorised to speak to the media.
Qatar halted its liquefied natural gas production on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. strikes against it. The attacks have also halted oil and gas shipments through the Strait of Hormuz, driving up global energy prices and shipping costs.
India, the world's fourth largest buyer of LNG, relies heavily on the Middle East for its imports.
(Reporting by Nidhi Verma; Additional reporting by Emily Chow in Singapore; Editing by Florence Tan and Kate Mayberry)
(([email protected]; X: @nidhi712;))
By Nidhi Verma
NEW DELHI, March 3 (Reuters) - Indian companies on Tuesday reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top producer Qatar halted production, four industry sources with knowledge of the matter said.
The sources declined to be named because they were not authorised to speak to the media.
Qatar halted its liquefied natural gas production on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. strikes against it. The attacks have also halted oil and gas shipments through the Strait of Hormuz, driving up global energy prices and shipping costs.
India, the world's fourth largest buyer of LNG, relies heavily on the Middle East for its imports.
(Reporting by Nidhi Verma; Additional reporting by Emily Chow in Singapore; Editing by Florence Tan and Kate Mayberry)
(([email protected]; X: @nidhi712;))
Feb 27 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - SETTING-UP OF A GREENFIELD 178.2 MW WIND PROJECT IN MAHARASHTRA
GAIL - INVESTMENT REQUIRED 17.36 BILLION RUPEES
Source text: ID:nBSE5HDXQW
Further company coverage: GAIL.NS
(([email protected];))
Feb 27 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - SETTING-UP OF A GREENFIELD 178.2 MW WIND PROJECT IN MAHARASHTRA
GAIL - INVESTMENT REQUIRED 17.36 BILLION RUPEES
Source text: ID:nBSE5HDXQW
Further company coverage: GAIL.NS
(([email protected];))
Updates story first published late on Monday to add details, context and background in paragraphs 1, 3, 6-9
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri and Shivangi Acharya
NEW DELHI, Feb 23 (Reuters) - India said it aims to raise 1.79 trillion rupees ($20 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, after previously backing away from outright privatisation plans.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government's top policy think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, nearly 90% of the government's 6 trillion rupee target.
New Delhi has previously struggled to raise funds through outright privatisation of state-run firms and has more recently focused on monetising assets and subsidiaries of these companies to raise capital for reinvestment.
Modi's government deferred plans to privatise state-run companies after he failed to get a complete majority in the 2024 general elections.
Funds raised via asset monetisation go directly to firms to reinvest and can limit the burden on government finances to recapitalise these firms while maintaining their status as government entities.
Minority stake sales and privatisation form an important part of the government's overall plan to reduce its budget gap, even as New Delhi stopped setting specific targets for divestment after 2024.
STAKE SALES IN STATE-RUN FIRMS
Under the new plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said.
It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri and Shivangi Acharya; Editing by Susan Fenton and Lincoln Feast.)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Updates story first published late on Monday to add details, context and background in paragraphs 1, 3, 6-9
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri and Shivangi Acharya
NEW DELHI, Feb 23 (Reuters) - India said it aims to raise 1.79 trillion rupees ($20 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, after previously backing away from outright privatisation plans.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government's top policy think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, nearly 90% of the government's 6 trillion rupee target.
New Delhi has previously struggled to raise funds through outright privatisation of state-run firms and has more recently focused on monetising assets and subsidiaries of these companies to raise capital for reinvestment.
Modi's government deferred plans to privatise state-run companies after he failed to get a complete majority in the 2024 general elections.
Funds raised via asset monetisation go directly to firms to reinvest and can limit the burden on government finances to recapitalise these firms while maintaining their status as government entities.
Minority stake sales and privatisation form an important part of the government's overall plan to reduce its budget gap, even as New Delhi stopped setting specific targets for divestment after 2024.
STAKE SALES IN STATE-RUN FIRMS
Under the new plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said.
It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri and Shivangi Acharya; Editing by Susan Fenton and Lincoln Feast.)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri
NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.
STAKE SALES IN STATE-RUN FIRMS
Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Susan Fenton)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Stake sales via IPOs part of 16.7 trillion rupees asset sale plan until FY30
IPOs planned in railways, power, oil and gas, aviation and coal
Listings of seven railway firms could raise 837 billion rupees by FY30
By Nikunj Ohri
NEW DELHI, Feb 23 (Reuters) - India aims to raise 1.79 trillion rupees ($19.7 billion) from selling stakes in state-run firms through initial public offerings by the 2029/30 financial year, it said on Monday.
The IPOs will be part of a broader push to raise $183.7 billion by monetising state assets over the next four years, the government think tank NITI Aayog said in a report released late on Monday.
The IPOs will be in the railway, power, petroleum and natural gas, aviation and coal sectors, NITI Aayog said.
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised 5.3 trillion rupees by 2024/25, below the government's 6 trillion rupee target.
STAKE SALES IN STATE-RUN FIRMS
Under the plan, the government aims to divest stakes in seven railway companies through IPOs that could potentially fetch 837 billion rupees by 2030, the report said. It targets raising 170 billion rupees of that through stock market listings in the coming financial year starting April 1, 2026, the report said, without naming the companies.
It also plans to list subsidiaries of state-run power firms to raise 310 billion rupees over the next four years, alongside 483 billion rupees from initial public offerings of subsidiaries of Coal India COAL.NS and the renewable energy assets of NLC India Limited NLCI.NS.
The Airports Authority of India will sell its stake in one subsidiary, and four airports that it owns through joint ventures with private partners.
In the financial year 2027/28, the government plans to list GAIL GAS, a subsidiary of GAIL (India) GAIL.NS to potentially raise 31 billion rupees, NITI Aayog said.
($1 = 90.9110 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Susan Fenton)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Feb 12 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - DEEPAK GUPTA APPOINTED AS CHAIRMAN AND MANAGING DIRECTOR OF GAIL
Source text: ID:nBSE1V02nZ
Further company coverage: GAIL.NS
(([email protected];;))
Feb 12 (Reuters) - GAIL (India) Ltd GAIL.NS:
GAIL - DEEPAK GUPTA APPOINTED AS CHAIRMAN AND MANAGING DIRECTOR OF GAIL
Source text: ID:nBSE1V02nZ
Further company coverage: GAIL.NS
(([email protected];;))
By Nidhi Verma
GOA, India, Jan 29 (Reuters) - Three companies are competing for GAIL India's GAIL.NS tender to acquire up to a 26% stake in a liquefied natural gas project in the United States, its Chairman Sandeep Kumar Gupta said on Thursday.
Last year, GAIL issued a tender to buy up to a 26% stake in an LNG project in the United States, combined with a 15-year gas import deal.
India's largest gas distributor invited initial bids from companies as it seeks to buy equity in an existing LNG liquefaction project or a new project that would be commissioned by 2030 at the latest.
The United States is already the second-biggest supplier to India, one of the world's fastest-growing economies, while Qatar is its largest LNG supplier.
State-run GAIL wants 1 million metric tons of LNG per year from a U.S. plant on a free-on-board basis for 15 years, and has said the deal could be extended by five to 10 years.
India is the world's fourth-largest LNG importer and aims to raise the share of gas in its energy mix to 15% by 2030 from 6% currently.
More supplies are likely to come into the market as prices are "normalising," Gupta said on the sidelines of the India Energy Week conference.
"Supply is not a concern, as more volumes are coming in from Argentina, Canada, Alaska and Qatar," he said.
(Reporting by Nidhi Verma; writing by Mayank Bhardwaj; Editing by Sonia Cheema)
(([email protected]; Twitter: @MayankBhardwaj9;))
By Nidhi Verma
GOA, India, Jan 29 (Reuters) - Three companies are competing for GAIL India's GAIL.NS tender to acquire up to a 26% stake in a liquefied natural gas project in the United States, its Chairman Sandeep Kumar Gupta said on Thursday.
Last year, GAIL issued a tender to buy up to a 26% stake in an LNG project in the United States, combined with a 15-year gas import deal.
India's largest gas distributor invited initial bids from companies as it seeks to buy equity in an existing LNG liquefaction project or a new project that would be commissioned by 2030 at the latest.
The United States is already the second-biggest supplier to India, one of the world's fastest-growing economies, while Qatar is its largest LNG supplier.
State-run GAIL wants 1 million metric tons of LNG per year from a U.S. plant on a free-on-board basis for 15 years, and has said the deal could be extended by five to 10 years.
India is the world's fourth-largest LNG importer and aims to raise the share of gas in its energy mix to 15% by 2030 from 6% currently.
More supplies are likely to come into the market as prices are "normalising," Gupta said on the sidelines of the India Energy Week conference.
"Supply is not a concern, as more volumes are coming in from Argentina, Canada, Alaska and Qatar," he said.
(Reporting by Nidhi Verma; writing by Mayank Bhardwaj; Editing by Sonia Cheema)
(([email protected]; Twitter: @MayankBhardwaj9;))
Kawasaki Kisen Kaisha, Ltd. ("K" LINE) has reached an agreement in principle with GAIL (India) Limited and J M Baxi Group for the joint ownership of an LNG carrier currently under construction by Samsung Heavy Industries Co., Ltd. Upon delivery in 2027, the vessel will be deployed under a long-term time charter with GAIL. The agreement was formalized during a signing ceremony held at India Energy Week in Goa on January 27. This initiative is part of "K" LINE's strategy to expand in future growth markets such as Asia and to strengthen relationships with both GAIL and J M Baxi Group.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. K Line - Kawasaki Kisen Kaisha Ltd. published the original content used to generate this news brief on January 28, 2026, and is solely responsible for the information contained therein.
Kawasaki Kisen Kaisha, Ltd. ("K" LINE) has reached an agreement in principle with GAIL (India) Limited and J M Baxi Group for the joint ownership of an LNG carrier currently under construction by Samsung Heavy Industries Co., Ltd. Upon delivery in 2027, the vessel will be deployed under a long-term time charter with GAIL. The agreement was formalized during a signing ceremony held at India Energy Week in Goa on January 27. This initiative is part of "K" LINE's strategy to expand in future growth markets such as Asia and to strengthen relationships with both GAIL and J M Baxi Group.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. K Line - Kawasaki Kisen Kaisha Ltd. published the original content used to generate this news brief on January 28, 2026, and is solely responsible for the information contained therein.
Jan 27 (Reuters) - GAIL (India) Ltd GAIL.NS:
INDIA'S GAIL, “K” LINE AND J M BAXI MARINE SERVICES ENTER INTO TERM SHEET FOR EQUITY IN A SHIPPING COMPANY - STATEMENT
Source text: [ID:]
Further company coverage: GAIL.NS
(([email protected];;))
Jan 27 (Reuters) - GAIL (India) Ltd GAIL.NS:
INDIA'S GAIL, “K” LINE AND J M BAXI MARINE SERVICES ENTER INTO TERM SHEET FOR EQUITY IN A SHIPPING COMPANY - STATEMENT
Source text: [ID:]
Further company coverage: GAIL.NS
(([email protected];;))
VERBIO SE has entered into a memorandum of understanding with Indian energy producer GAIL (India) Limited to explore the joint development of additional facilities for producing biomethane from agricultural residues in India. This collaboration aims to advance sustainable energy solutions, reduce air pollution caused by crop burning, and support rural value creation by converting over 300 million tons of agricultural waste generated annually into clean, versatile bioenergy. The initiative is part of VERBIO's broader strategy to expand in one of the world's fastest-growing renewable energy markets and contribute to India's energy transition.
VERBIO SE has entered into a memorandum of understanding with Indian energy producer GAIL (India) Limited to explore the joint development of additional facilities for producing biomethane from agricultural residues in India. This collaboration aims to advance sustainable energy solutions, reduce air pollution caused by crop burning, and support rural value creation by converting over 300 million tons of agricultural waste generated annually into clean, versatile bioenergy. The initiative is part of VERBIO's broader strategy to expand in one of the world's fastest-growing renewable energy markets and contribute to India's energy transition.
SINGAPORE, Oct 15 (Reuters) - GAIL (India) GAIL.NS has issued a tender seeking a liquefied natural gas (LNG) cargo for delivery in November, two industry sources said on Wednesday.
GAIL is seeking the cargo for delivery on November 21-23 to the western Hazira terminal. It is seeking the cargo on a delivered-ex-ship basis, added one of the sources.
The tender closes on October 15.
(Reporting by Emily Chow; Editing by Rashmi Aich)
(([email protected]; Reuters Messaging: [email protected]))
SINGAPORE, Oct 15 (Reuters) - GAIL (India) GAIL.NS has issued a tender seeking a liquefied natural gas (LNG) cargo for delivery in November, two industry sources said on Wednesday.
GAIL is seeking the cargo for delivery on November 21-23 to the western Hazira terminal. It is seeking the cargo on a delivered-ex-ship basis, added one of the sources.
The tender closes on October 15.
(Reporting by Emily Chow; Editing by Rashmi Aich)
(([email protected]; Reuters Messaging: [email protected]))
Adds details
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.
The amount of natural gas flowing to the plant, which shut around September 20, rose from about zero to 0.9 billion cubic feet per day (bcfd) on October 12, the LSEG data showed.
The plant can turn around 0.8 bcfd of gas into LNG. Plants often pull in more gas than they can turn into LNG since they use some of the fuel to run equipment.
One billion cubic feet is enough to supply about 5 million U.S. homes for a day.
U.S. LNG export plants typically shut for planned maintenance in the spring or autumn when global demand for gas for heating or cooling is lower than during the peak winter and summer months.
Berkshire Hathaway Energy is a unit of U.S. multinational conglomerate Berkshire Hathaway BRKa.N.
Berkshire Hathaway Energy operates Cove Point and owns 75% of the facility. The other 25% is owned by units of Brookfield Asset Management BAMa.TO.
Cove Point's LNG is sold under 20-year agreements to a subsidiary of GAIL (India) GAIL.NS and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo 8053.T and Tokyo Gas 9531.T.
(Reporting by Scott DiSavino in New York; Editing by Kirsten Donovan)
(([email protected]; +1 332 219 1922; Reuters Messaging: [email protected]/))
Adds details
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.
The amount of natural gas flowing to the plant, which shut around September 20, rose from about zero to 0.9 billion cubic feet per day (bcfd) on October 12, the LSEG data showed.
The plant can turn around 0.8 bcfd of gas into LNG. Plants often pull in more gas than they can turn into LNG since they use some of the fuel to run equipment.
One billion cubic feet is enough to supply about 5 million U.S. homes for a day.
U.S. LNG export plants typically shut for planned maintenance in the spring or autumn when global demand for gas for heating or cooling is lower than during the peak winter and summer months.
Berkshire Hathaway Energy is a unit of U.S. multinational conglomerate Berkshire Hathaway BRKa.N.
Berkshire Hathaway Energy operates Cove Point and owns 75% of the facility. The other 25% is owned by units of Brookfield Asset Management BAMa.TO.
Cove Point's LNG is sold under 20-year agreements to a subsidiary of GAIL (India) GAIL.NS and to ST Cove Point, which is a joint venture between units of Japanese trading company Sumitomo 8053.T and Tokyo Gas 9531.T.
(Reporting by Scott DiSavino in New York; Editing by Kirsten Donovan)
(([email protected]; +1 332 219 1922; Reuters Messaging: [email protected]/))
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Popular questions
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What does GAIL (India) do?
GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The Company 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. GAIL has also participating interest in India and overseas in Oil and Gas Blocks, Renewable Energy, CGD, CBG and Green Hydrogen.
Who are the competitors of GAIL (India)?
GAIL (India) major competitors are Petronet LNG, Confidence Petroleum, ONGC, Adani Total Gas, Gujarat Energy, Indraprastha Gas, Mahanagar Gas. Market Cap of GAIL (India) is ₹1,11,119 Crs. While the median market cap of its peers are ₹37,452 Crs.
Is GAIL (India) financially stable compared to its competitors?
GAIL (India) seems to be less financially stable compared to its competitors. Altman Z score of GAIL (India) is 3.25 and is ranked 7 out of its 8 competitors.
Does GAIL (India) pay decent dividends?
The company seems to pay a good stable dividend. GAIL (India) latest dividend payout ratio is 39.61% and 3yr average dividend payout ratio is 44.89%
How has GAIL (India) allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Capital Work in Progress, Short Term Loans & Advances
How strong is GAIL (India) balance sheet?
Balance sheet of GAIL (India) is strong. But short term working capital might become an issue for this company.
Is the profitablity of GAIL (India) improving?
The profit is oscillating. The profit of GAIL (India) is ₹6,077 Crs for TTM, ₹12,450 Crs for Mar 2025 and ₹9,899 Crs for Mar 2024.
Is the debt of GAIL (India) increasing or decreasing?
Yes, The net debt of GAIL (India) is increasing. Latest net debt of GAIL (India) is ₹17,838 Crs as of Mar-26. This is greater than Mar-25 when it was ₹10,876 Crs.
Is GAIL (India) stock expensive?
Yes, GAIL (India) is expensive. Latest PE of GAIL (India) is 14.65, while 3 year average PE is 10.86. Also latest EV/EBITDA of GAIL (India) is 11.2 while 3yr average is 9.14.
Has the share price of GAIL (India) grown faster than its competition?
GAIL (India) has given better returns compared to its competitors. GAIL (India) has grown at ~7.53% over the last 7yrs while peers have grown at a median rate of 5.06%
Is the promoter bullish about GAIL (India)?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in GAIL (India) is 51.88% and last quarter promoter holding is 51.88%.
Are mutual funds buying/selling GAIL (India)?
The mutual fund holding of GAIL (India) is increasing. The current mutual fund holding in GAIL (India) is 10.3% while previous quarter holding is 10.22%.