Company Description
Gas Authority of India Limited (GAIL) is an Indian state-owned Maharatna company under the Ministry of Petroleum and Natural Gas. It is the largest natural gas transmission and marketing company in India. GAIL was incorporated on 14th May 1984. It has a network of over 15,000 km of gas pipelines and a capacity of over 100 MMSCMD. GAIL also has a presence in liquefied natural gas (LNG) import, regasification, and marketing. GAIL's core businesses are: Natural gas transmission: GAIL operates a network of over 15,000 km of gas pipelines across India. It also has a joint venture with Petronet LNG to build and operate the LNG import terminal at Dahej in Gujarat. Natural gas marketing: GAIL is the largest natural gas marketer in India. It supplies natural gas to power plants, fertilizer plants, city gas distribution companies, and industrial consumers. LNG import, regasification, and marketing: GAIL is the leading LNG importer in India. It has two LNG import terminals at Dahej and Hazira in Gujarat. It also markets LNG to power plants, fertilizer plants, and industrial consumers. Gas-based power generation: GAIL has a joint venture with NTPC to build and operate the gas-based power plant at Kawas in Gujarat. Gas-based fertilizer production: GAIL has a joint venture with IFFCO to build and operate the gas-based fertilizer plant at Kalol in Gujarat. GAIL is a major player in the Indian energy sector. It is committed to providing clean and affordable energy to the people of India. Here are some of the key facts about GAIL: Revenue: ₹1,03,812 crore (FY22) Profit: ₹3,585 crore (FY22) Market capitalization: ₹1,62,134 crore (as of 14 August 2023) Employees: 28,000+ Headquarters: New Delhi, India GAIL is a well-managed company with a strong financial performance. It is committed to sustainable development and is working to reduce its carbon footprint. GAIL is a valuable asset to the Indian economy and is well-positioned to play a major role in the country's energy future.
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