GAIL (India) Ltd., a state-run enterprise, has entered into a 15-year agreement with Bharat Petroleum Corp. Ltd. (BPCL) to supply propane for its upcoming petrochemical facility in Usar, Maharashtra. Valued at over $8.4 billion (Rs. 63,000 crore), the deal entails GAIL sourcing 600 KTPA of propane from BPCL’s LPG import unit at Uran. The existing … Read more
GAIL (India), a leading natural gas company with diverse interests across the natural gas value chain, has signed an MoU with Shell Energy India to explore opportunities in different facets of the energy value chain. The move is aimed at achieving improved sustainability in GAIL’s business operations. To diversify the feedstock for its petrochemical plant, … Read more
Indian government has announced that the country’s first-ever coal gasification-based Talcher Fertilizer Plant in Odisha will be ready to be dedicated to the nation by October 2024. Speaking at the occasion, Union Minister of Chemicals & Fertilizers, Dr. Mansukh Mandaviya said that “Government is taking significant steps in making country Aatmanirbhar. Fertilizer is sector is … Read more
GAIL (India) Ltd said it has won the bid to acquire the stressed asset of debt-ridden JBF Petrochemicals Ltd through its resolution process under India’s Insolvency and Bankruptcy Code (IBC). “The Resolution Professional in the matter of CIRP has informed that GAIL (India) Limited has been declared a Successful Resolution Applicant and GAIL’s Resolution Plan … Read more
GAIL (India) will build India’s largest green hydrogen plant in the next 12-14 months, as it looks to supplement its natural gas business with carbon-free fuel. Speaking at the India Energy Forum by CERAWeek, GAIL CMD Manoj Jain said the company is looking at building a 10-megawatt (MW) electrolyzer capable of generating 4.5 tonnes of … Read more
GAIL (India) Limited has selected Lummus Technology’s CATOFIN process and Clariant’s tailor-made catalysts for India’s first PDH (propane dehydrogenation) plant. This will be Lummus Technology, and its catalysts partner, Clariant Catalyts’ another major contract award in India that will expand their global share of the PDH market. This upcoming 500,000 metric tons per year PDH … Read more
GAIL Ltd., state-owned petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Petrochemicals Segment Q2 Results- QoQ The segment’s net profit grew to Rs 176.31 crores for the period ended September 30, 2020 as against net loss of Rs 154.43 crores for the previous quarter. Net sales increased … Read more
GAIL India Ltd., one of the major petrochemicals manufacturers based in India announced its results for the first quarter ended June 30, 2020. Petrochemicals Segment Q1 Results- QoQ The company reported a net loss of Rs (154.43) crores ($20.6 million) for the period ended June 30, 2020 as against net profit of Rs 72.36 crores … Read more
GAIL (India) Ltd., one of India’s state-owned natural gas and petrochemicals manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit rose 171% to Rs 3,018 crores ($400 million) for the period ended March 31, 2020 as against Rs 1,112 crores ($147 million) for the … Read more
GAIL (India) approved the revival of the existing LPG plant in Usar, Maharashtra and converting it into polypropylene (PP) complex. The planned capacity of the PP complex is 500,000 metric tonnes per annum and will be built with an estimated investment of $ 1.2 billion (Rs 8800 crore), as stated in Business Standard news article. This … Read more