GAIL (India) today signed a long-term time charter contract with Kawasaki Kisen Kaisha (K LINE) through the ship-owning company established in Singapore for a new-built LNG ship. �K� LINE has expertise of 40 years in LNG transportation.The LNG ship will be a modern two-stroke vessel having a tank capacity of 1,74,000 cubic metres and will be built by Samsung Heavy Industries Co., Korea with which Ship Owning Company has concluded a shipbuilding contract.This is the first long-term time charter contract between GAIL and �K� LINE involving a newly built vessel which is expected to be engaged in transportation of Liquified Natural Gas (LNG) for GAIL in 2027. GAIL currently has four LNG vessels, GAIL Bhuwan, GAIL Urja, Grace Emilia and Maran Gas Pericles, to transport natural gas in a super cooled form. Two more ships are expected to join the fleet next year including one newbuilt vessel on long term charter.GAIL has a diversified sourcing portfolio for over 15 MMTPA which includes supply sources from various geographies both on FOB and DES basis. The company`s LNG fleet is deployed to lift volumes contracted on FOB basis primarily from the North American region and is transported to meet the domestic demand as well as international customers.Powered by Capital Market - Live News

GAIL (India), through its wholly owned subsidiary GAIL Mangalore Petrochemicals (GMPL), has re-engaged with Process Licensor INEOS to support the plant`s revitalization, formalizing this renewed collaboration through an Amendment Agreement. This marks a significant step towards the revival of GMPL`s 1.25 MMTPA Purified Terephthalic Acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ), Mangalore.This collaboration marks a pivotal development in the efforts to bring the PTA plant back into production. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realized due to insolvency proceedings. Following GAIL`s acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the company is now working to overcome the legacy challenges and ensure the plant`s successful on-streaming and long-term operational stability.The amended agreement with INEOS signed yesterday is expected to enhance the plant`s operational efficiency, align production capabilities with market demand, and contribute to India`s vision of self-reliance as part of the Government of India`s Atmanirbhar Bharat initiative. INEOS Group is a global manufacturer of petrochemicals, speciality chemicals and oil products. Powered by Capital Market - Live News

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