GAIL, Coal India form joint venture to boost synthetic gas production
GAIL (India) Limited and Coal India Limited on Tuesday announced the formation of a joint venture, Coal Gas India Limited, to expand the use of synthetic natural gas.
GAIL (India) Limited and Coal India Limited on Tuesday announced the formation of a joint venture, Coal Gas India Limited, to expand the use of synthetic natural gas.
Gas Authority of India Ltd (GAIL), a state-run natural gas transmission company, has decided to launch a pilot project covering 47 km in Siliguri.
Rakesh Kumar Jain, Director (Finance) at GAIL (India) Limited, has been honored as one of the 'Top 50 Visionary CFOs in India' at the National Economic Growth Summit 2024, held in Mumbai.
Government-owned gas giant GAIL (India) Ltd reported revenue from operations of Rs 66,622 crore for the April–September period of the current financial year as compared to Rs 64,050 crore in the same period of 2023-24.
Debasish Nanda, Director (Business Development) CIL and Shri. R K Singhal, Director (Business Development) GAIL inked the JVA on behalf of CIL and GAIL respectively.
Profit before Tax (PBT) for H1 FY23 stood at Rs5,770 crores as compared to Rs 5,736 crores for the corresponding period in the previous year. Profit after Tax (PAT) stood at Rs 4,452 crores as compared to Rs 4,393 crores in the corresponding period of the previous year.
Coal India Limited (CIL) is scheduled to sign agreements with three other major public sector undertakings - Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) - next week for setting up four Surface Coal Gasification (SCG) projects.
GAIL’s pipeline network will facilitate the supply of natural gas to 38 lakh domestic households, and CNG to more than 600 stations
The pilot project would help in the creation of a robust standard and regulatory framework in India to cover the aspects of injecting hydrogen into natural gas.
The event was attended and appreciated by the leading steel, aluminium, and chemical manufacturers along with the leading industry bodies such as FICCI, ICC, CII, and UCCI.