GAIL (India) Ltd, the country’s largest gas distributor, reported a lower-than-expected quarterly profit on Monday hurt by weak performance at its core natural gas marketing segment. The company’s standalone profit after tax fell to 14.12 billion rupees ($171.67 million) in the quarter ended June 30, from 29.15 billion rupees a year earlier. Analysts, on average, […]
Gail India to invest Rs 6,000 crore on renewables in next three years – EQ Mag Pro
The investment can go up by an additional Rs 20,000 crore by 2030, GAIL India chairman and managing director Manoj Jain told reporters in Mumbai. State-owned Gail India will invest Rs 6,000 crore in the next three years in renewables, a top official said on Monday. The investment can go up by an additional Rs […]
GAIL India looks at petrochemicals, renewables for growth
State-owned GAIL India Ltd NSE 1.51 % is eyeing expansion in petrochemicals, specialty chemicals and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said. The nation’s largest gas marketer and shipper has adopted a revised strategic plan identifying priority business initiatives. “This strategic plan […]
GAIL India top bidder for IL&FS Wind Energy
GAIL heads the bidding list for 7 operating wind power plants. Mumbai: GAIL IndiaNSE -1.57 % has emerged as the highest bidder for IL&FS Wind Energy offering Rs 4,800 crore. If the sale were to go through, it would be the first resolution by the Uday Kotak-led board at the struggling infrastructure financier. GAIL heads […]