GAIL (India) Limited said that it has laid an INR 142 crores dedicated pipeline for supplying natural gas to HPCL Mittal Energy (HMEL) refinery in Bathinda, Punjab. Prabh Das, the Managing Director and CEO of HMEL inaugurated the gas receiving station for the pipeline. According to GAIL (India), the 44.26km long pipeline will supply 1MMSCMD […]
GAIL (India) Limited has acquired a 26% stake in ONGC Tripura Power Company (OTPC), the owner and operator of a 726.6MW Palatana power plant, a gas-fired combined cycle power project in Palatana, Tripura. The financial terms of the deal were not disclosed. Commissioned in 2013, the Palatana power plant comprises two units, each of 363.3MW […]
GAIL (India) said that in its efforts to support the start-ups engaged in identified focus areas through investments under the ‘Pankh’ initiative. The Indian government-owned gas processing and distribution company has opened a new round for solicitation of investment proposals from the start-ups involved in areas like natural gas, energy, petrochemicals, project management, nano materials, […]
GAIL (India) Limited has secured approval from the National Company Law Tribunal (NCLT) for its previously announced acquisition of a 26% stake in ONGC Tripura Power Company (OTPC) from Infrastructure Leasing & Financial Services (IL&FS). The Indian government-owned natural gas transmission company is acquiring the stake from IL&FS Group companies — IL&FS Energy Development Company […]
GAIL (India) Limited has reported an 87% surge in its profit after tax (PAT) for the second quarter of the fiscal year 20222 (Q2 FY22) to INR 2,863 crores, compared to INR 1,530 crores in Q1 FY22. The Indian government-owned natural gas transmission company saw a 24% increase in its turnover for Q2 FY22 to […]
GAIL (India) said that it has installed 12 pressure swing adsorption (PSA) medical oxygen generation plants in Madhya Pradesh, Rajasthan, Uttar Pradesh, and Karnataka. The medical oxygen plants were set up at 12 hospitals by Oil and Gas PSUs. Six of these were inaugurated by the Indian Minister of Petroleum and Natural Gas and Housing […]
Ultracab (India) said that it has received purchase orders with a combined worth of around INR 1,352 lakhs from multiple public sector undertakings (PSUs) in India. The wires and cables manufacturer won the orders from Indian Railways, Power Grid Corporation of India, Gail (India), NHPC, PGVCL, and others. Headquartered in Shapar-Veraval, Rajkot, Ultracab (India) is […]
GAIL (India) has signed a concession agreement with the Ranchi Municipal Corporation (RMC) for installing a compressed biogas plant (CBG plant) in Ranchi, Jharkhand. The agreement was signed in the presence of Jharkhand Chief Minister Hemant Soren and other dignitaries. Under the terms of the agreement, GAIL will install a compressed biogas plant with a […]
NTPC said that it has signed share purchase agreements with GAIL (India) for acquiring the latter’s 25.51% stake in Ratnagiri Gas and Power (RGPPL) and for selling its stake of 14.82% in Konkan LNG (KLL). The Indian state-owned energy conglomerate said that following the transfer of shares as per the agreements, it will exit from […]