GAIL (India) Ltd. was incorporated in August, 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG), with the mission of “accelerating and optimizing the effective and economic use of Natural Gas and its fractions for the benefit of the national economy”. Government of India now holds 51.45% shares of the company. GAIL became a Navratna in 1997 and is now one of the ten Maharatna Public Sector Undertaking, the highest status conferred to any PSU.
GAIL started as a Gas Transmission Company during the late eighties and has grown organically by setting up a large network of Natural Gas pipelines of ~ 14380 Km; two LPG Pipeline systems of ~ 2000 Km; five Gas Processing plants for production of LPG and other liquid hydrocarbons with a combined production capacity of around 1.4 MMTPA and a gas based integrated petrochemical plant of capacity 810 KTPA of polymer. GAIL is co-promoter of two other petrochemical projects including 280 KTPA Brahmaputra Cracker and Polymer Limited (BCPL) Complex in Assam and 1.4 MMTPA ONGC Petro-additions Limited (OPaL) project in Gujarat. Petronet LNG, a JV of GAIL, operates two LNG regasification terminals at Dahej & Kochi. GAIL is also the promoter of Konkan LNG Private Limited which operates LNG regasification terminal at Dhabol with design capacity of 5 MMTPA.
GAIL has installed India’s 2nd largest solar roof top of 5.76 MW grid connected captive solar power plant at Pata Petrochemical complex. GAIL is a pioneer in city gas distribution (CGD) business in India. It has presence in 67 Geographical Areas across India with 8 JVs and three wholly owned subsidiaries.
GAIL has overseas presence in USA, Singapore, Myanmar, China, and Egypt. It has opened offices in Singapore, Yangon, Houston and Moscow (Bharat Energy Office). It has a wholly owned subsidiary, GAIL Global (USA) Inc. (GGUI) in USA. GGUI has formed subsidiary, GAIL Global (USA) LNG LLC (GGULL) which has booked 2.3 MMTPA capacity in Dominion Cove Point LNG liquefaction project. GAIL has another wholly-owned subsidiary company viz. GAIL Global (Singapore) Pte. Ltd., for trading in LNG and for undertaking overseas investments.
GAIL has executed a long-term LNG Sale and Purchase Agreement with Sabine Pass Liquefaction LLC for purchase of 3.5 Million Tons per Annum (MMTPA) and Gazprom Marketing and Trading Singapore for supply of 2.5 MMTPA of LNG. GAIL has also committed to source 38 MMSCMD of natural gas through transnational pipeline from TAPI pipeline.
GAIL has integrated into upstream business of Exploration & Production with participating interests in 9 blocks in India and 2 in Myanmar. Besides, GAIL has 4.17% equity partnership in South East Asia Gas Pipeline Company (SEAGP) which is transporting gas from Myanmar to China. GAIL has made investments in three companies in downstream business at Egypt and China.
GAIL has renewable portfolio of ~130 MW including ~118MW of wind and ~12 MW of solar energy. In addition, GAIL is exploring various business opportunities in the Production and Marketing of Compressed Bio Gas (CBG) from organic waste. Emerging areas including ethanol, hydrogen, etc. are also being explored for new business opportunities. GAIL has started hydrogen blending as a pilot project to establish the techno-commercial feasibility of blending hydrogen in the CGD network. Further, GAIL is setting up a 10 MW green hydrogen plant which will be one of the largest green hydrogen plants in the world.
During the financial year 2021-2022, GAIL registered highest ever Turnover & Profit of Rs 91426 crore & Rs 10364 crore.
The manpower of GAIL as on 31st March, 2022 was 4754 Nos.
Over the years, GAIL has played a crucial role in the development of Indian gas sector. A snapshot of its physical and financial performance is given below:
