NSE Symbol: GAIL | BSE Code: 532155
GAIL or Gas Authority of India Limited is a natural gas processing owned by the Govt of India. Besides being one of the largest gas processing companies in the country, it also operates in other segments like liquid hydrocarbon, liquefied petroleum gas, petrochemical, exploration and production, et cetera.
In August 1984, GAIL India was incorporated as a CPSU. The company was established under the leadership of Ministry of Petroleum & Natural Gas. After establishment, at first, it was given the responsibility of constructing, operating and maintaining the iconic Hazira-Vijaipur-Jagdishpur (HVJ) pipeline. In 1991, GAIL commissioned the HVJ pipeline, which at the time, was one of the extensive cross-country natural gas pipeline projects across the globe. Furthermore, this pipeline project also marked the development of the natural gas market in India. GAIL also constructed three LPG plants and acquired pipelines to expand its distribution network in the early 90s.
The company went public in 1996 along with which gas distribution operations were commenced in New Delhi. GAIL established its exploration and production department to tap new gas reserves at the beginning of 2000. As the years passed by, an extensive network of trunk pipelines was built by the natural gas conglomerate, the total length of which is more than 10,700 kilometers. Currently, GAIL has a market share of more than 70% in gas communication and marketing.
Mr. B. C. Tripathi - Chairman and MD
Since 1984, Mr. Tripathi has been a part of GAIL when the company was in its early stages. A graduate from NIT Allahabad in Mechanical Engineering, Mr. Tripathi started his career with the Oil and Natural Gas Corporation and associated with GAIL right from the beginning and worked in various capacities over the years in segments such as marketing, CRM, project management, et cetera. He has played a significant role in the execution of various pipeline projects of GAIL like the HVJ project, along with the Dahej-Dabhol Pipeline, the most recent venture. He has also been awarded the Silver Medal for Excellence in Project Management.
Dr. Ashutosh Karnatak - Director of Projects
Dr. Karnatak has done his B.Tech in Electrical Engineering from the HBTI, Kanpur, and M.Tech from IIT Delhi, an MBA in Finance and a Ph.D. from the University of Petroleum & Energy Studies (UPES), Dehradun. Before working as the director of projects, he served as the Executive Director (Projects) at GAIL. He has been associated with the company for more than 30 years, and during this time, he has managed several infrastructure projects for the company along with many solar energy and winds projects. He has also authored books for self-development, oil and gas sector, and project management.
GAIL equity shares are available for buying and selling on NSE and BSE. The codes are mentioned below:
GAIL global depository receipts (GDRs) can be traced on the London Stock Exchange, the code for which is - GAID LI GAILY US.
On January 1, 2018, The opening price of GAIL stock, on NSE and BSE, was Rs.502.80 and Rs.500.25 respectively. An interim dividend of 76.5% was declared in the month, followed which, the share price recovered slightly. The closing price by month end was Rs.478.30 on NSE.
The month of February faced a downward trend followed which the closing price on February 28 was Rs.457.05.
The revenue for the December quarter from operations was increased by 17% to Rs.14,414.34 crore from Rs.12,409.65 crore in the corresponding quarter last year. At the same time, its expenses for the quarter also grew by 10%.
Considering the segment-wise split of this turnover, a significant proportion of it comes from gas marketing operations, while the remaining comes from other services like petrochemicals, natural gas transmission, and liquid hydrocarbons.
As for the PAT for the third quarter FY18, it was reported to be at Rs.1,262.22 crore, in comparison to Rs.982.92 crore in the Q3 FY17. These numbers also account for mark-to-market losses of Rs.216.29 crore.
Even though there has been an increase of 28.40% in PAT over the same quarter last year, there has been a slight decrease in the same over the September quarter. The PAT in the previous quarter was reported to be at Rs.1,309.63 crore.
Its net worth of December 31, 2017, is Rs.35,678 crore with an outstanding loan of Rs.2,491 crore.
Gas Authority of India Limited, also known as GAIL, is a state-owned natural gas processing, transmission, and marketing company in India. Its operations cover a variety of segments such as liquid hydrocarbon, LPG production, communication, and petrochemicals.
The market cap of GAIL, as of March 2018, is more than Rs.72,000 crore.
GAIL is a state-owned natural gas processing and distribution company. It has played an instrumental role in boosting the natural gas market in India. It is a Maharatna company that is responsible for more than 50% of natural gas sold in the country. It has also established several vital pipelines over the years to enhance its gas distribution network. It is currently working on Bokaro-Dhamra pipeline and Jagdishpur-Haldia for industrial development in the belt of North Eastern region of India.
The company is reliable and has been highly consistent regarding financial performance. In the sectors of Oil, Drilling, and Exploration, GAIL is ranked second regarding market capitalization and net profit, behind ONGC. As the GOI shifts its focus to natural gas, GAIL is one of the few players that stands to benefit from it.
The company's debt-equity ratio as of Q3 FY18 is 0.07, implying that the company is in very little debt.
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