Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  GAIL India Limited    GAIL   INE129A01019

GAIL INDIA LIMITED

(GAIL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

India's new pipeline tariffs to boost gas use in far-flung areas

11/27/2020 | 10:27am EST

NEW DELHI (Reuters) - India will cut gas pipeline tariffs for areas far from gas injection points as the nation seeks a cleaner fuel-led industrial development across the country, an official at the Petroleum and Natural Gas Regulatory Board said.

Differential pipeline tariffs is one of the key reasons for uneven gas use in the country, which aims to raise its share in energy consumption to 15% by 2030.

Gas accounts for about a quarter of energy-mix of the western state of Gujarat, which hosts three liquefied natural gas (LNG) import terminals and is near to gas producing fields, compared to the national average of 6.2%.

"Customers will be paying single tariff if they are linked to the national gas grid of more than 15,000 km. This will help customers in the north, northeast and eastern part of the country," Board member Satpal Garg said on Friday.

The new rules are expected to come into force in next 2-3 months, he said.

At present, the tariffs are linked to the distance and the number of pipelines used for transportation of gas from the injection points, making the fuel costly for many industries and hurting the development of far flung areas.

"The new structure will be beneficial for all industries using multiple pipelines for gas purchase," he said.

For an industry taking supplies through a single pipeline and located within 300 km of gas injection point, the new tariff will be about 26 rupees per million British thermal unit (mmbtu), an increase of up to 30% from current rates, he said.

For others tariffs would be 66 rupees/mmbtu compared to over 100 rupees/mmbtu in some cases, he said, adding a shift to uniform rates would help Oil and Natural Gas Corp's get better prices of its east coast gas.

For pipeline operators like GAIL (India) and Gujarat State Petronet Ltd the new rules will be revenue neutral while fuel costs for fertiliser plants and others in eastern and southern India will be reduced, he said.

"In the long run pipeline companies will get the benefit as gas volumes will go up," he said.

(Reporting by Nidhi Verma; editing by David Evans)

By Nidhi Verma


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GAIL INDIA LIMITED 1.60% 139.65 Delayed Quote.12.37%
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED -3.30% 79 End-of-day quote.9.19%
GUJARAT STATE PETRONET LIMITED -0.07% 209.8 Delayed Quote.-4.78%
LONDON BRENT OIL 0.47% 55 Delayed Quote.9.17%
OIL AND NATURAL GAS CORPORATION LIMITED 2.02% 98.6 Delayed Quote.8.97%
SYLIOS CORP -17.86% 0.0023 End-of-day quote.27.78%
WTI -0.07% 52.252 Delayed Quote.11.60%
All news about GAIL INDIA LIMITED
01/17GAIL (INDIA) : Board Approves $143 Million Share Buyback Plan, Interim Dividend
MT
01/12Indian shares close at record high on Reliance, HDFC boost
RE
01/12Banks weigh on Indian shares after RBI warns of bad loan spike
RE
01/11GAIL (INDIA) : Board to Consider Share Buyback Proposal Friday
MT
01/06Sensex, Nifty end lower for first time in new year; Reliance drags
RE
01/06REFILE-Indian shares end lower for first time in new year; Reliance drags
RE
01/06GAIL (INDIA) : Inaugurates Kochi- Mangaluru Natural Gas Pipeline; Shares Gain 3%
MT
01/05GAIL INDIA : PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation
PU
01/05GAIL INDIA : India working on plan to develop coastal regions, says PM
RE
2020Asian prices jump to six-year highs on record imports
RE
More news
Financials
Sales 2021 607 B 8 293 M 8 293 M
Net income 2021 38 983 M 533 M 533 M
Net Debt 2021 58 858 M 805 M 805 M
P/E ratio 2021 15,7x
Yield 2021 2,69%
Capitalization 622 B 8 496 M 8 503 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,02x
Nbr of Employees 4 682
Free-Float 41,0%
Chart GAIL INDIA LIMITED
Duration : Period :
GAIL India Limited Technical Analysis Chart | GAIL | INE129A01019 | MarketScreener
Technical analysis trends GAIL INDIA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 137,90 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers and Directors
NameTitle
Manoj Jain Chairman & Managing Director
A K Tiwari Chief Financial Officer & Finance Director
Ashish Chatterjee Director
P. K. Gupta Director & Director-Human Resources
Mahesh V. Iyer Executive Director & Director-Business Development
Sector and Competitors
1st jan.Capitalization (M$)
GAIL INDIA LIMITED12.37%8 539
NATURGY ENERGY GROUP, S.A.5.75%23 294
CHINA GAS HOLDINGS LIMITED-0.16%21 445
ATMOS ENERGY CORPORATION-5.66%11 347
TOKYO GAS CO.,LTD.-1.13%9 895
APA GROUP-1.55%8 706