Company Profile

GAIL (India), Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) have signed a tripartite Memorandum of Understanding (MoU) to explore opportunities for import of ethane and other hydrocarbons and development of evacuation infrastructure at Shell Energy Terminal, Hazira.

Earlier, GAIL had entered into a bilateral MoU with SEI for scouting opportunities in different facets of energy cooperation, wherein a feasibility study was conducted by a reputed consultant on developing ethane import infrastructure in the existing SEI terminal at Hazira. ONGC has a bilateral MoU with GAIL for, inter alia, importing and handling of hydrocarbon. In view of the emergence of ethane requirement in India and proposed development of ethane infrastructure, the three parties ONGC, GAIL and SEI have joined hands.

This MoU inter-alia includes cooperation with clear focus for developing ethane import facilities after gap assessment in existing Shell Hazira Terminal facilities and usage of existing pipeline routes and facilities. The MoU signed envisages to foster efficiency and swift progress of the shared project by leveraging the combined strengths of all three parties. The move coincides with the objective towards assessment of existing operational infrastructure, ensuring its sufficiency, operational flexibility and effective management of upstream and downstream uncertainties.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc. 

GAIL (India) has successfully concluded a long-term LNG purchase agreement for purchase of around 0.5 MMTPA LNG from ADNOC Gas. This is pursuant to an MoU dated October 30, 2022 between GAIL and Abu Dhabi National Oil Company (ADNOC) P.J.S.C wherein Parties agreed that, in potential areas of collaboration both parties shall explore opportunities including purchase of LNG by GAIL from ADNOC for a tenure ranging from short term to medium and long-term. This significant development between GAIL and ADNOC will reinforce the robust cultural and economic bonds between India and the United Arab Emirates (UAE).

Under this agreement, the deliveries will commence from 2026 onwards for a duration of 10 years, across India. This arrangement is believed to further aid in India's rising energy security requirements and, simultaneously, also fuel GAIL's strategic growth objectives to cater to its downstream customers in the rapidly evolving Natural Gas landscape of the country. 

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

GAIL (India) is currently trading at Rs. 174.05, up by 2.35 points or 1.37% from its previous closing of Rs. 171.70 on the BSE.

The scrip opened at Rs. 175.15 and has touched a high and low of Rs. 175.15 and Rs. 171.70 respectively. So far 649512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.15 on 30-Jan-2024 and a 52 week low of Rs. 91.00 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 175.15 and Rs. 156.20 respectively. The current market cap of the company is Rs. 112894.46 crore.

The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 41.52% and 6.59% respectively.

GAIL (India) has reported over 11-fold jump in net profit at Rs 2842.62 crore for the quarter ended December 31, 2023 as compared to Rs 245.73 crore for the same quarter in the previous year. However, total income of the company decreased by 2.78% at Rs 35065.60 crore for Q3FY24 as compared Rs 36069.28 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 8-fold jump in its net profit at Rs 3193.34 crore for Q3FY24 as compared to Rs 397.59 crore for the same quarter in the previous year. However, total income of the company decreased by 3.32% at Rs 35181.78 crore for Q3FY24 as compared Rs 36389.65 crore for corresponding quarter of the previous year.

Somany Ceramics’ Subsidiary Company--Somany Max has commenced its Commercial production of Greenfield manufacturing facility of large format/slab tile of approximately 4 million square meters per annum in Gujarat, with an estimated investment of Rs 185 crore January 29, 2024. The said manufacturing facility has potential to generate revenue of approximate Rs 250 crore per annum on full capacity utilisation. 

Lumax Auto Technologies has completed the acquisition of entire equity stake i.e. 100% of the Paid-up Share Capital of Lumax Ancillary (LAL) on January 25, 2024. Accordingly, LAL has become a wholly owned subsidiary of the Company with effect from January 25, 2024. Further, the acquisition will help both the companies to leverage their respective competitive strengths in order to drive their business forward in the coming years and work towards unlocking potential synergies across products, customers, technology and manufacturing excellence.

GAIL (India) has reported 8-fold jump in its consolidated net profit at Rs 3193.34 crore for Q3FY24 as compared to Rs 397.59 crore for the same quarter in the previous year. However, total income of the company decreased by 3.32% at Rs 35181.78 crore for Q3FY24 as compared Rs 36389.65 crore for corresponding quarter of the previous year.

Bharat Electronics has reported 40.65% rise in its consolidated net profit at Rs 848.12 crore for Q3FY24 as compared to Rs 603.01 crore for the same quarter in the previous year. Total income of the company increased by 2.80% at Rs 4,329.58 crore for Q3FY24 as compared Rs 4,211.76 crore for corresponding quarter of the previous year. 

Manomay Tex India has started commercial production of New Textile Spinning Unit Situated at Village - Undawa Tehsil- Gangrar, Chittorgarh (Rajasthan) (India). The company has started commercial production of new textile spinning unit on January 27, 2024.

Orchasp has entered into a Memorandum of Understanding (MoU) with S.A Tech Software India. S A Tech and Orchasp shall source and execute Software Development, and Cloud Services to begin with in India. The MoU is for a period of 2 years.