GAIL

GAIL (India) Limited
FormerlyGas Authority of India Limited (1984–2002)
Company typeCentral Public Sector Undertaking
BSE532155
NSEGAIL
LSEGAID
NSE NIFTY 50 Constituent
ISININE129A01019
IndustryOil and Gas
Founded1984; 40 years ago (1984)
HeadquartersGAIL Bhawan
16, Bhikaji Cama Place, R.K. Puram, New Delhi, Delhi, India
Key people
Sandeep Kumar Gupta
(Chairman & MD)[1]
ProductsNatural gas
Petrochemical
liquid hydrocarbons
Liquefied petroleum gas transmission
Renewable Energy
city gas distribution
E&P
Electricity generation
RevenueDecrease 134,507.35 crore (US$16 billion)[2] (2024)
Increase 12,595.01 crore (US$1.5 billion)[2] (2024)
Increase 9,902.81 crore (US$1.2 billion)[2] (2024)
Total assetsIncrease 124,717.23 crore (US$15 billion)[3] (2024)
Total equityIncrease 77,195.98 crore (US$9.2 billion)[3] (2024)
OwnerMinistry of Petroleum and Natural Gas, Government of India (51.8%)
Number of employees
5,038 (excluding 13,000+ contractual workers)(as on 31st March 2024)
Subsidiaries
Websitegailonline.com

GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) is an Indian state-owned energy corporation with primary interests in the trade, transmission and production distribution of natural gas. GAIL also has interests in the exploration and production solar and wind power, telecom and telemetry services (GAILTEL) and electricity generation. GAIL was founded as the Gas Authority of India Ltd. in August 1984 under the Ministry of Petroleum and Natural Gas to build, operate and maintain the HVJ Gas Pipeline. On 1 February 2013, the Indian government conferred GAIL with Maharatna status along with 11 other Public Sector Undertakings (PSUs).[4][5][6][7]

GAIL owns and operates a network of around 13,722 km of natural gas pipelines and is building around 6,000 km of pipelines of its own and about 2,000 km through two joint ventures, as part of the National Gas Grid. The Petroleum and Natural Gas Regulatory Board has authorised GAIL to build the 1,755 km long Mumbai-Nagpur-Jharsuguda gas pipeline. In 2023, GAIL completed the world's first ship-to-ship LNG transfer.[8]

  1. ^ "GAIL Leadership". GAIL (India) Limited. Retrieved 23 October 2022.
  2. ^ a b c "GAIL India Consolidated Profit & Loss account, GAIL India Financial Statement & Accounts" (PDF). www.bse.com.
  3. ^ a b "GAIL India Consolidated Balance Sheet, GAIL India Financial Statement & Accounts" (PDF). www.bse.com.
  4. ^ "Govt grants Maharatna status to BHEL, GAIL". Business Standard. 1 February 2013. Archived from the original on 4 November 2014. Retrieved 14 June 2014.
  5. ^ Livemint (21 September 2022). "REC becomes 12th company to join Maharatna CPSE club". mint. Retrieved 13 July 2023.
  6. ^ "Maharatna PSUs". Forbes.com. Forbes.com LLC. 29 March 2007. Archived from the original on 20 October 2012. Retrieved 6 August 2012.
  7. ^ "GAIL Annual Report (2022-23)" (PDF).
  8. ^ CW Team (14 November 2023). "GAIL achieves first ship-to-ship LNG transfer, reduces CO2 emissions". Construction World. Retrieved 14 November 2023.