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

GAIL (India) and Petron Scientech Inc (Petron) have inked a Memorandum of Understanding (MoU) to jointly explore setting up of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant along with its downstream unit(s) in India, based on bioethanol produced in the plant in a 50:50 Joint Venture (JV) mode. In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company.Powered by Capital Market - Live

Petron specializes in setting up biomass and grain processing biorefinery projects to produce ethanol, bio-ethylene, bio-chemicals (ethylene oxide / mono ethylene glycol, Methanol) and various bio-fuel projects worldwide. In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company. The company will set up bio ethylene plant along with its downstream units in India, based on bio-ethanol produced in the plant in a 50:50 Joint Venture (JV) mode. Singhal said, 'GAIL is a proud member of India's clean energy infrastructure and is always committed to incorporate initiatives for sustainable development of the nation. We are elated to enter into this strategic relationship with Petron, a pioneer in bio-ethanol to bio-ethylene technology. The MoU signifies a major step towards enhancing sustainable practices and advancing the bio-economy in India. The skills and strengths of both the companies would create a synergy for achieving the objective of MoU. The collaboration between GAIL and Petron is poised to not only foster technological advancements but also drive economic growth and environmental sustainability in India.' 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. GAIL's consolidated net profit jumped 77.54% to Rs 3183.35 crore in Q1 FY25 as compared with Rs 1792.99 crore in Q1 FY24. Revenue from operations (excluding excise duty) increased 5.94% YoY to Rs 34,737.77 crore during the quarter. The counter shed 0.15% to Rs 235.85 on the BSE. Powered by Capital Market - Live

Under the agreement, RRVUNL and GAIL shall explore the possibility of transferring RRVUNL's gas-based power plant located in Dholpur and Ramgarh, Rajasthan to a proposed joint venture company (JVC) between GAIL & RRVUNL. Further, both the companies will work together towards setting up of around 1,000 MW of solar and wind projects in suitable land parcels, thus creating an opportunity for round the clock (RTC) power. RRVUNL, a Government of Rajasthan Undertaking Company under the Energy Department, Government of Rajasthan, has been entrusted with the job of development of power projects in Rajasthan along with operation & maintenance of state-owned power stations. RRVUNL is also exploring various opportunities for securing power to meet the growing energy demand of Rajasthan. 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. GAIL's consolidated net profit jumped 77.54% to Rs 3183.35 crore in Q1 FY25 as compared with Rs 1792.99 crore in Q1 FY24. Revenue from operations (excluding excise duty) increased 5.94% YoY to Rs 34,737.77 crore during the quarter. Shares of GAIL (India) declined 2.61% to close at Rs 227.35 on Thursday, 8 August 2024. Powered by Capital Market - Live