GAIL (India) today signed a long-term time charter contract with Kawasaki Kisen Kaisha (K LINE) through the ship-owning company established in Singapore for a new-built LNG ship. 'K' LINE has expertise of 40 years in LNG transportation. The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co., Korea with which Ship Owning Company has concluded a shipbuilding contract. This is the first long-term time charter contract between GAIL and 'K' LINE involving a newly built vessel which is expected to be engaged in transportation of Liquified Natural Gas (LNG) for GAIL in 2027. GAIL currently has four LNG vessels, GAIL Bhuwan, GAIL Urja, Grace Emilia and Maran Gas Pericles, to transport natural gas in a super cooled form. Two more ships are expected to join the fleet next year including one newbuilt vessel on long term charter. GAIL has a diversified sourcing portfolio for over 15 MMTPA which includes supply sources from various geographies both on FOB and DES basis. The company's LNG fleet is deployed to lift volumes contracted on FOB basis primarily from the North American region and is transported to meet the domestic demand as well as international customers.Powered by Capital Market - Live

The LNG ship will be a modern two-stroke vessel with a tank capacity of 174,000 cubic meters and will be built by Samsung Heavy Industries Co., Korea, with which the ship owning company has signed a shipbuilding contract. This is the first long-term time charter contract between GAIL and 'K' LINE involving a newly built vessel, which is expected to be engaged in transportation of liquefied natural gas (LNG) for GAIL in 2027. Currently, the company has four LNG vessels, GAIL Bhuwan, GAIL Urja, Grace Emilia and Maran Gas Pericles, to transport natural gas in a super cooled form. Two more ships are expected to join the fleet next year including one newbuilt vessel on long term charter. GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participated in interest in India and overseas in oil and gas blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as of 30 September 2024. The company's consolidated net profit increased 10.13% to Rs 2,689.67 crore on a 2.7% rise in revenue from operations (excluding excise duty) to Rs 33,888.90 in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

GAIL (India), through its wholly owned subsidiary GAIL Mangalore Petrochemicals (GMPL), has re-engaged with Process Licensor INEOS to support the plant's revitalization, formalizing this renewed collaboration through an Amendment Agreement. This marks a significant step towards the revival of GMPL's 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ), Mangalore. This collaboration marks a pivotal development in the efforts to bring the PTA plant back into production. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realized due to insolvency proceedings. Following GAIL's acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the company is now working to overcome the legacy challenges and ensure the plant's successful on-streaming and long-term operational stability. The amended agreement with INEOS signed yesterday is expected to enhance the plant's operational efficiency, align production capabilities with market demand, and contribute to India's vision of self-reliance as part of the Government of India's Atmanirbhar Bharat initiative. INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. Powered by Capital Market - Live

This marks a significant step towards the revival of GMPL's 1.25 MMTPA purified terephthalic acid (PTA) manufacturing plant located in the special economic zone (SEZ), Mangalore. This collaboration marks a pivotal development in the efforts to bring the PTA plant back into production. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realized due to insolvency proceedings. Following GAIL's acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the company is now working to overcome the legacy challenges and ensure the plant's successful on-streaming and long-term operational stability, it added. The amended agreement with INEOS signed yesterday is expected to enhance the plant's operational efficiency, align production capabilities with market demand, and contribute to India's vision of self-reliance as part of the Government of India's Atmanirbhar Bharat initiative. INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. Speaking on the occasion, Chairman, GMPL and GAIL Director, Ayush Gupta said, 'Through this strategic partnership and renewed focus, GAIL aims to position GMPL as a key player in the domestic PTA market while supporting the country's growth in petrochemical manufacturing.' GAIL Director (BD) R.K. Singhal said, 'The successful realization of this project is expected to have a positive impact by reducing country's import burden and strengthen India's manufacturing capabilities in the petrochemical sector.' GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The Company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, Liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participating interest in India and overseas in Oil and Gas Blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as on 30 September 2024. The company's consolidated net profit increased 10.13% to Rs 2,689.67 crore on 2.7% rise in revenue from operations (excluding excise duty) to Rs 33,888.90 in Q2 FY25 over Q2 FY24. Shares of Gail (India) rose 0.74% to currently trade at Rs 196.45 on the BSE. Powered by Capital Market - Live

GAIL (India) has won the SAP ACE Award 2024 for Best Financial Transformation, the second consecutive year it has earned the recognition. The award highlights the company's impressive achievement in digitally transforming its trust accounting process using SAP Treasury and Risk Management (TRM), demonstrating its dedication to financial innovation and operational excellence. Powered by Capital Market - Live

The frontline indices traded with modest gains in morning trade. The Nifty traded above the 24,300 level. Realty shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rallied 380.96 points or 0.49% to 79,857.59. The Nifty 50 index rallied 117.85 points or 0.49% to 24,331.15. In the broader market, the S&P BSE Mid-Cap index rallied 1.22% and the S&P BSE Small-Cap index gained 0.95%. The market breadth was strong. On the BSE, 2,778 shares rose and 839 shares fell. A total of 154 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 4.31% to 15.43. Result Today: Power Grid Corporation of India (down 0.13%), Apollo Hospitals (up 0.13%), Tata Steel (down 0.76%), Aadhar Housing Finance (up 0.81%), Jindal Steel & Power (up 1.50%), Blue Star (up 1.77%), Chambal Fertilisers (up 1.77%), Delta Corp (up 0.42%), Endurance Technologies (up 0.65%), Gandhar Oil Refinery (down 0.16%), GE Power India (up 2.08%), Gujarat Pipavav Port (up 1.61%), Granules India (up 1.73%), Gujarat Gas (up 1.72%), JB Chemicals (down 0.51%), JK Lakshmi Cement (down 0.59%), Rites (up 0.82%), Sonata Software (up 1.93%), TeamLease Services (up 1%), Thangamayil Jewellery (up 0.95%) and Trident (up 0.85%) will declare their quarterly earnings later today. Buzzing Index: The Nifty Realty jumped 1.77% to 1,003.05. The index rallied 2.40% in two consecutive trading sessions. Brigade Enterprises (up 2.58%), Prestige Estates Projects (up 2.48%), Mahindra Lifespace Developers (up 2.06%), DLF (up 1.73%), Godrej Properties (up 1.65%), Macrotech Developers (up 1.55%), Sobha (up 1.50%), Oberoi Realty (up 1.18%) and Phoenix Mills (up 0.19%) advanced. Stocks in Spotlight: GAIL (India) jumped 5.91% after the company's consolidated net profit increased 10.13% to Rs 2,689.67 crore on 2.7% rise in revenue from operations (excluding excise duty) to Rs 33,888.90 in Q2 FY25 over Q2 FY24. Berger Paints added 0.65%. The paint major's consolidated net profit decrease 7.53% to Rs 269.66 crore in Q2 FY25 as against Rs 291.64 crore posted in Q2 FY24. Revenue from operations rose marginally to Rs 2,774.61 crore in Q2 FY25 as against Rs 2,767.30 crore posted in Q2 FY24. Powered by Capital Market - Live

Profit before tax (PBT) stood at Rs 3,469.65 crore in second quarter of FY25, registering a growth of 10.6% YoY. The company's revenue from natural gas marketing segment was at Rs 32,150.64 crore (up 2.09% YoY), city gas segment stood at Rs 3,412.45 crore (up 14.95% YoY) and transmission services segment income was at Rs 3,030.44 crore (up 11.38% YoY) during the quarter. Petrochemicals division revenue was at Rs 2,175.98 crore (up 24.82% YoY) and income from LPG and liquid hydrocarbons division came in at Rs 1,296.26 crore (up 25.3% YoY) during the period under review. The natural gas transmission volume stood at 130.63 MMSCMD and gas marketing volume was 96.60 MMSCMD in Q2 FY25. The LHC & Polymer sale stood at 253 TMT & 226 TMT respectively in second quarter of FY25 as compared to 218 TMT & 169 TMT respectively in Q1 FY25. On consolidated basis, the firm's net profit jumped 38.7% to Rs 5,876.48 crore on 4.3% rise in net sales to Rs 68,626.67 crore in H1 FY25 over H1 FY24. The company has incurred a capex of Rs 1,885 crore during the current quarter, mainly on pipelines, Petrochemicals etc., taking cumulative capex up to Rs 3,544 crore for H1 FY25. GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The Company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, Liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participating interest in India and overseas in Oil and Gas Blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as on 30 June 2024. Powered by Capital Market - Live

Net profit of GAIL (India) rose 10.21% to Rs 2693.55 crore in the quarter ended September 2024 as against Rs 2444.05 crore during the previous quarter ended September 2023. Sales rose 2.74% to Rs 33888.90 crore in the quarter ended September 2024 as against Rs 32985.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales33888.9032985.69 3 OPM %11.6210.85 - PBDT4391.633975.78 10 PBT3469.653138.47 11 NP2693.552444.05 10 Powered by Capital Market - Live

GAIL (India) will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live

GAIL (India) and AM Green B.V. (AMG) today signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India. The partnership focuses on the long-term supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy project across India. In line with the MoU, both the parties envisage to undertake studies for long-term supply of around 350 KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies' objectives in promoting sustainable energy solutions. Further, both the parties envision to jointly explore setting up of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects combined with Greenko's upcoming Pump Storage Projects are poised to supply Round The Clock power to the end users including the proposed eMethanol project.Powered by Capital Market - Live