Gas Authority of India Limited (GAIL) is a public company that was incorporated in August 1984. It is one of the largest gas processing companies in the world, with its head office in New Delhi. Initially, it was tasked with completing the HVJ pipeline project, one of the world’s most significant cross-country natural gas pipeline projects.
Gas Authority of India Limited
Gas Authority of India Limited (GAIL) is a central public sector undertaking owned by the Ministry of Petroleum and Natural Gas. Its headquarters are located at GAIL Bhawan in New Delhi. The Ministry oversees the company’s operations. The company provides liquefied natural gas (LNG) to homes and businesses throughout the country.
The company recently signed an agreement with the Chennai Electricity Board to supply 4.5 lakh standard cubic meters of natural gas daily for the Kuttalam power project in the Nagapattinam district. The deal will require the company to set up the world’s most extensive gas pipeline network. Further, GAIL is preparing to enter the telecom sector through a memorandum of understanding with the telco operator PowerGrid.
In 2010, GAIL was ranked the number one gas utility in Asia by Platts Global. It was the first PSU to receive this honor. The company also received the Managing India Award for Outstanding PSU of the Year in 2011 and the MoU Excellence Award in the Petroleum Industry in 2012. In 2010, GAIL also inaugurated the 2200-km-long pipeline from Bathinda to Delhi.
GAIL was founded in 1984 and is India’s most significant natural gas concern. It is involved in all aspects of natural gas integration in India, from exploration to production and transmission to marketing and distribution. It is listed in both the Bombay and National Stock Exchanges. GAIL is headed by B C Tripathi and has its head office in New Delhi. The Government of India founded it as a Public Sector Undertaking (PSU) in 1984.
The company has completed its Dabhol – Bengaluru gas pipeline route survey. The pipeline will supply natural gas to Karnataka. The company has also partnered with Brahmaputra Cracker and Polymer (BCPL) to market polymer products. In addition, the company has also constructed the 182-km natural gas pipeline in northern India.
The GAIL-owned GGL joint venture has a stake of 25.5% and is the largest CNG entity in India. It supplies CNG and PNG to over 6,000 vehicles and households in the three cities. The joint venture company is also in the process of identifying projects in China.