“Market Cap $7.96 B As of May 2014
At a Glance
- Industry: Natural Gas Utilities
- Founded: 1984
- Country: India
- CEO: B C Tripathi
- Website: www.gailonline.com
- Employees: 3,954
- Sales: $9.33 B
- Headquarters: New Delhi
#955 Global 2000
- #1022 in Sales
- #759 in Profit
- #1547 in Assets
- #1323 in Market value
GAIL (India) Ltd. operates as a natural gas transmission company, which engages in the production and distribution of natural gas. The company is engaged in marketing, transmission and distribution of natural gas in India catering to major industrial sectors such as power, fertilizers, and city gas distribution. It operates business through five segments: Transmission Services, Natural Gas Trading, Petrochemicals, Liquefied Petroleum Gases (LPG) and Other Liquid Hydrocarbons and Others. The Transmission Services segment, which includes Natural Gas and LPG, engages in the supply of natural gas. It also owns and operates pipelines for LPG transmission. The Natural Gas Trading segment engages in gas distribution services through its wholly owned subsidiaries. The Petrochemicals segment engages in manufacture and marketing of polymers polypropylene, linear low density polyethylene and high density polyethylene from natural gas. The LPG and Other Liquid Hydrocarbons segment is engaged in marketing gas processing unit products, namely LPG, Propane, Pentane, Naphtha and by-products of polymer plant, namely MFO, Propylene and Hydrogenated C4 Mix. LPG is being sold exclusively to PSU oil marketing companies, while other products are sold directly to customers in retail segment. The Other Segment includes GAIL TEL, E&P, City Gas and Power Generation engages in communication services; exploration and production services and supply of natural gad for domestic use respectively. GAIL (India) was founded on August 16, 1984 and is headquartered in New Delhi, India.“
“GAIL India History
GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). The company used to be known as Gas Authority of India Limited. It is India’s principal gas transmission and marketing company. The company was initially given the responsibility of construction, operation & maintenance of the Hazira – Vijaypur – Jagdishpur (HVJ) pipeline project. It was one of the largest cross-country natural gas pipeline projects in the world. This 1800-kilometre-long pipeline was built at a cost of 17 billion (US$290 million) and it laid the foundation for development of market for natural gas in India. GAIL commissioned the 2,800 kilometres (1,700 mi) Hazira-Vijaipur-Jagdishpur (HVJ) pipeline in 1991. Between 1991 and 1993, three liquefied petroleum gas (LPG) plants were constructed and some regional pipelines acquired, enabling GAIL to begin its gas transportation in various parts of India.
GAIL began its city gas distribution in New Delhi in 1997 by setting up nine compressed natural gas (CNG) stations.
In order to secure gas for its mainstream business Exploration and Production department was created. Today GAIL is a partner in the Dawoo-OVL led consortium in two offshore block in Myanmar which has made a gas discovery. Bulk of its blocks are located in India in the prolific basins of Cambay, Assam-Arakan, Mahanadi, Krishna Godavary Deep water and onland, Cauvery onland and deep water and western offshore. It is actively scouting for foreign blocks both exploratory or discovery.
GAIL today has reached new milestones with its strategic diversification into Petrochemicals, Telecom and Liquid Hydrocarbons besides gas infrastructure. The company has also extended its presence in Power, Liquefied Natural Gas re-gasification, City Gas Distribution and Exploration & Production through participation in equity and joint ventures. Incorporating the new-found energy into its corporate identity, Gas Authority of India was renamed GAIL (India) Limited on 22 November 2002.
GAIL (India) Limited has shown organic growth in gas transmission through the years by building large network of trunk pipelines covering length of around 10,700 kilometres (6,600 mi). Leveraging on the core competencies, GAIL played a key role as gas market developer in India for decades catering to major industrial sectors like power, fertilizers, and city gas distribution. GAIL transmits more than 160 mmscmd of gas through its dedicated pipelines and have more than 70% market share in both gas transmission and marketing.“
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “GAILINDIALTD“