GAIL (India) has won the SAP ACE Award 2024 for Best Financial Transformation, the second consecutive year it has earned the recognition. The award highlights the company`s impressive achievement in digitally transforming its trust accounting process using SAP Treasury and Risk Management (TRM), demonstrating its dedication to financial innovation and operational excellence. Powered by Capital Market - Live News

Net profit of GAIL (India) rose 10.21% to Rs 2693.55 crore in the quarter ended September 2024 as against Rs 2444.05 crore during the previous quarter ended September 2023. Sales rose 2.74% to Rs 33888.90 crore in the quarter ended September 2024 as against Rs 32985.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales33888.9032985.69 3 OPM %11.6210.85 - PBDT4391.633975.78 10 PBT3469.653138.47 11 NP2693.552444.05 10 Powered by Capital Market - Live News

GAIL (India) will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live News

GAIL (India) and AM Green B.V. (AMG) today signed a Memorandum of Understanding (MoU) to explore projects aimed at advancing sustainable energy solutions in India. The partnership focuses on the long-term supply of carbon dioxide (CO2) for eMethanol production and the exploration of hybrid renewable energy project across India. In line with the MoU, both the parties envisage to undertake studies for long-term supply of around 350 KTA CO2 generated by GAIL in its gas processing plants to produce eMethanol, an environmentally friendly fuel that can reduce carbon emissions and promote a circular economy. GAIL shall also have an equity option to invest in the proposed eMethanol project, ensuring a strategic partnership that supports both companies` objectives in promoting sustainable energy solutions. Further, both the parties envision to jointly explore setting up of solar/wind hybrid renewable projects up to 2.5 GW across India. The hybrid solar/wind projects combined with Greenko`s upcoming Pump Storage Projects are poised to supply Round The Clock power to the end users including the proposed eMethanol project.Powered by Capital Market - Live News

GAIL (India) and Petron Scientech Inc (Petron) have inked a Memorandum of Understanding (MoU) to jointly explore setting up of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant along with its downstream unit(s) in India, based on bioethanol produced in the plant in a 50:50 Joint Venture (JV) mode.In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company.Powered by Capital Market - Live News