GAIL (India)

By: EconomyWatch   Date: 17 July 2010

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GAIL (India) is India's leading natural gas company. It is ranked in 1249th position in 2008 Forbes Global 2000 list. It integrates various aspects of natural gas value chain in its workings.
GAIL (India) is propagating a move towards usage of cleaner fuels in industries. It has been responsible for creation of a network of green energy corridors, LNG terminals, gas fields and gas sourcing points across borders.

Brief history
Government of India established GAIL (India) or Gas Authority of India Ltd. in August 1984. It was set up in order to bring about a proper infrastructure for gas sector that could help in long term development of Indian gas sector.

Products and services
GAIL (India) offers its products and services in six separate divisions – natural gas, power, liquid petroleum gas and other liquid hydrocarbons, gailtel, petrochemicals and exploration and production. GAIL (India) provides its natural gas products to a number of sectors like generation of electricity by utilities, commercial and domestic, fertilizer industry, automotive, industrial sector and petrochemicals.

GAIL (India) is a major provider of liquid petroleum gas and other liquid hydrocarbons. It is an environment friendly fuel and thus helps in reduction of pollution. It also helps to increase overall productivity. Apart from GAIL LPG and LPG, major products in this category are propane, SBPS, pentane and naptha.

Financials
In 2007, sales of GAIL (India) amounted to $3.83 billion and it earned profits worth $0.59 billion. It held assets worth $5.03 billion and its market value was nearly $8.93 billion.

Awards and recognition
In 2007-08, GAIL (India) won Oil Industry Safety Award for HVJ Pipeline and LPG Recovery Plant Vijaipur. It also won National Award for Excellence in Cost Management given by Oil Industry Safety Directorate.

JLPL unit of GAIL (India) had won runners-up award in public sector - service category. Gandhar LPG unit of GAIL (India) obtained third position in public sector manufacturing category of National Award for Excellence in Cost Management 2007. These awards were conferred by Institute of Cost and Works Accountants of India.




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