| 1984
- The Company was incorporated on 16th of
August.
- The Gas Authority of India Ltd. (GAIL), one
of India's leading Public Sector Enterprises, is the largest gas
transmission and marketing company in the Country. The Company,
possessing a well developed and efficient infrastructure, was
established as a wholly owned Company of the Government of India
in August, 1984 with 100% equity held by the Goverment of India
and, within a short time, it has grown into one of the 'Navratna'enterprises
and is ranked among the top ten companies in India. The various
activities of the Company range from Gas marketing and
distribution through trunk and regional systems, to retailing of
Natural Gas to Gas processing for production and marketing of
LPG, liquid hydrocarbons and Petrochemicals.The equity pattern
in the Company has also changed and the Government today holds
about 67% of the equity in the Company.
1995
- GAIL was adjudged the third-best PSU and
awarded the prestigious 'Indira Gandhi Rajbhasha Shield' for the
year 1994-95 in the category of PSUs in Region 'A'. This award
was presented by the President of India on September 14.
1996
- The pipeline to Mathura Refinery along with
165 kms of 36" line was commissioned on December 27, to enable
supply of gas to Mathura Refinery well ahead of schedule.
- For excellent performance in promoting the
spread of Hindi as Official Language, GAIL was adjudged the best
PSU in Region 'A' and awarded the INDIRA GANDHI RAJBHASHA SHIELD
for the year 1995-96. - Two propane recovery plants at Vijaipur
were commissioned to optimally utilise various components of
natural gas.
- Pipeline to NTPC Zanore (Phase II) and RSEB
Ramgarh (Phase II) have been commissioned for gas supply to NTPC
and RSEB. In addition, a number of small pipelines were also
commissioned.
- GAIL signed a 'Principles of Agreement'
with Brown & Root Inc, USA, on March 8, for developing the
project of gas import from Myanmar and other countries in the
region to the east of India, for bringing gas for markets in
eastern and southern regions.
- The Company entered into a Memorandum of
Understanding with the Ministry of Petroleum and Natural Gas.
1997
- The Company launched the Pilot Project for
the supply of piped gas to Domestic and Commercial consumers in
the city of Delhi.
- The Company has entered into an MOU with
the Ministry of Petroleum and Natural Gas.
1998
- The Company has commissioned a study to
prepare a precise and crystallised vision statement, integrated
with strategic business plan, growth models and annual plan
perceiving the changing environment.
- The Company was received well by
international investors; however, due to the unexpected crash of
international stock markets, international offer of the equity
was deferred by the Government of India.
- The Company signed an agreement with M/s
National Security Depository Ltd to facilitate shareholders to
trade in the shares of the Company in the dematerialised form.
- During the year the gas processing unit (GPU),
offsite and utilities of the Petrochemical plant at Pata were
commissioned.
- The Company has entered into Memorandum of
Understanding (MOU) with the Ministry of Petroleum & Natural Gas
for the last seven years.
- The Company has set up its own Research and
Technology Development (R&TD) Group to undertake research and
technology development activities for optimal and effective
utilisation of natural gas in the country. 1999
- During the year four major projects were
commissioned. These are : - UP Petrochemical Complex at Pata
- Gas Rehabilitation and Expansion Project (GREP)
- LPG plant at Usar
- LPG plant at Lakwa
- The UP Petrochemical Complex at Pata was
commissioned in March.
- In the LPG area, the company has
successfully commissioned its plants at Usar (Maharashtra) and
Lakwa (Assam) with designed capacity of 139,000 tonnes and
85,000 tonnes respectively. - In Delhi, the Company has formed a
Joint Venture Company with BPCL named Indraprastha Gas Limited (IGL).
- The Company bagged first prize under Indira Gandhi Rajbhasha
Shield Scheme for the years 1996-97 and 1997-98 for excellence
in the area of implementation of the Official Language Policy.
- In the area of Gas Technology, the company
has signed a Joint Collaboration Agreement with AMOCO along with
Indian Oil Corporation Limited (IOCL) and Indian Institute of
Petroleum (IIP) for DME India project.
2000
- The Four production unit of the Company
viz., the unit at Vijaipur, Vaghodia, Usar and its petrochemical
plant in Uttar Pradesh have won the top safety award from the
British Safety Council for the 1999.
- Gas Authority of India Ltd (GAIL) has
signed an agreement with the Karnataka State Industrial and
Infrastructure Development Corporation to study the
techno-economic feasibility of setting up a gas pipelin to serve
various end-users in Karnataka and Kerala.
- The Company will lay a high-capacity fibre-optic
cable network alongside the Jamnagar-Loni liquid petroleum gas
pipeline.
- The Company has proposed to develop a gas
network in Rajasthan for facilitating the supply of fuel for
industrial and economic development in the state.
- Chennai's Tamil Nadu Electricity Board has
signed an agreement with Gas Authority of India, for supplying
4.5 lakh standard cubic metre of natural gas per day for the
power project at Kuttalam in Nagapattinam district.
- The Company has to set up the world's
largest network of gas pipelines, covering the whole of
Rajasthan.
- The Gas Authority of India Ltd and the
Tripura Natural Gas Company Ltd. signed an agreement for the
supply of increased quantity of natural gas to the domestic
sector in Agartala.
- Gas Authority of India, the nodal gas
pipeline company in the country, is diversifying into the
telecom sector and has tied up with Bharti Telesonics, BPL
Broadband, Shyam Telecom and Escotel Mobiles for leasing
bandwidth capacity.
- The company is in talks with the National
Iranian Gas Company for a possible joint venture for importing
and marketing of 5 million tonnes of LNG from Iran.
- The Company has entered into a joint
co-operation agreement with Total Gas and Power India and Tata
Electric Company for the import of LNG at Trombay.
- GAIL signed a $36 million deal with Gazprom
of Russia for development and exploration in the north-east
coast shallow water offshore in West Bengal.
- GAIL and Andhra Pradesh Industrial
Infrastrucure Corporation signed an MoU for supplying natural
gas to the domestic and commercial consumers through pipeline
under the town gas supply scheme.
- Gas Authority of India Ltd. has signed an
agreement with Hindustan Petroleum Corporation Ltd. for
transportation of LPG along the Jamnagar-Loni pipeline.
- Chairman and Managing Director of the
company Mr. C.R. Prasad, has been conferred "Distinguished
services" award by the National Association of Corrosion
Engineers International India Section.
- Gas Authority of India Ltd. and Power Grid
Corporation of India (PowerGrid) have signed a memorandum of
understanding for leasing out bandwidth capacity of their
combined telecom network to various telecom operators.
- GAIL owns and operates over 4000 km of
pipeline and has about 95% market share in the Natural Gas
business in India. Also, more than half of the total Urea
production in India is Gas-based out of which GAIL contributes
more than 90%, thus making a significant contribution to India's
agriculture sector also.
- The Company plans to enter the Telecom
Sector as "Carriers-Carrier" through leasing of bandwidth. The
Company would be leasing the bandwidth to telecom companies
using its optic fibre system available on the HBJ pipeline, the
Jamnagar-Loni LPG Pipeline and by adding new optic fibre systems
in various sectors. During the year 2000-2001, the company
became the first company in the country to obtain the License of
Infrastructure Provider - category II for leasing of bandwidth
and has already commissioned the link between Delhi and Vijaipur
in Madhya Pradesh.
2001
- The Kerala State Industrial Development
Corporation will sign a `gas co-operation agreement' with Gas
Authority of India Ltd. for the pipeline project from the
proposed LNG terminal in Kochi.
- - Gas Authority of India Ltd (Gail) has
signed its first equity participation agreement for the power
sector by picking up 12 per cent equity in the Gujarat State
Energy Generation Ltd (GSEG).
- Hindustan Petroleum Corporation Ltd (HPCL)
and Gas Authority of India Ltd (GAIL) have signed a `transport
service agreement' (TSA) for transportation of LPG through the
Vizag-Secundrabad pipeline.
- Gas Authority of India Limited (GAIL) has
undertaken integrating its gas pipeline network in the country
through capacity expansion and by adding new pipelines
- Gas Authority of India Ltd (GAIL) has paid
a dividend of Rs 227.8 crore to the Government for 2000-01.
-The Centre on 29th October ruled out
divestment of its stake in Oil and Natural Gas Corporation,
Indian Oil Corporation and Gas Authority of India, saying these
flagship companies will continue to be under its control in
medium to long term. We have made it clear that government will
not dilute its control in these three flagship companies in view
of national oil security, union minister for petroleum and
natural gas Ram Naik told.
- The Company also completed the worlds
longest and India's first cross country LPG Pipeline. The
Company's plant at Gandhar also commenced trial production in
March 2001.
- The Company proposes to lay a 600 kms
pipeline from Vizag to Secunderabad at an estimated cost of Rs
490 crores.
2002
-Mr. Ravi Saxena,Director on the Board of
GAIL, passes away
-GAIL, ONGC enter alliance for international
practices to include both supply end and consumer end contracts
-GAIL signs Memorandum of Cooperation with
National Iranian Oil Company (NIOC) of Iran
-Wins the two top Safety Awards from the OIl
Industry Safety Directorate (OISD), for its safety performance
during 1999-2000 and 2000-2001
-Acquires 10% stake in gas project owned by
Daewoo International
-Signs an MOU with Hindustan Petroleum
Corporation Ltd. for setting up a JV company for distribution of
natural gas/ auto-LPG/ piped gas in the cities of Andhra Pradesh
-Signs a Memorandum of Understanding (MoU) to
enter into a tie-up to take up the development of a spur line
and pipeline network in different towns with Greater Calcutta
Gas Supply Corporation Ltd (GCGSL)
-GAIL's Agartala city gas feeder pipeline
inaugurated
-Gail enters into energy co-operation deal
with French company Gaz de France (GDF)
-Enters into collaboration with Indian Oil
Corporation (IOC) for providing co-operation in the field of
research and development for sustained energy growth in the
nation
-Signs agreement with Rajasthan State Power
Corporation (RSPC) for the supply of gas for the Rs 876 crore
Mathania power plant, near Jodhpur
-Starts Delhi-Mumbai Optical Fibre
Connectivity
-HPCL ties-up with Gail, ONGC to purchase LPG
-Discontinues supply of Natural Gas to
Kajaria Ceramics Sikandrabad plant
-Approves Dahej-Uran Pipeline through Hazira
-Agrees to production swap deal with Haldia
Petrochemicals Ltd. (HPL)
-Ties up with Hindustan Petroleum Corporation
Ltd. (HPCL) for auto LPG,CNG distribution
-Obtains govt nod to acquire 25-pc stake in
Kakinada LNG project
2003
-GAIL, HPL tie up for production-cum-swap
marketing deal
-Ties up with Energy Infrastructure India
Ltd. (EIIL) for transportation of LPG
-Shell Gas BV offers 29 pc equity in two
firms (Fayum Gas Company (FGC) and Shell Compressed Natural Gas
Company (SCNG), located in Egypt ) to Gail
-Signs co-operation agreement with
Turkey-based Botas Petroleum Pipeline Corporation for joint
participation in cross-country pipelines projects, development
of gas processing facilities and compressed natural gas (CNG)
projects in India, Turkey and third countries
-Enters into a product exchange agreement
with Haldia Petrochemicals Ltd. (HPL) to strengthen the
marketing alliance
-Clinches a deal with three fertiliser and
power firms (Nagarjuna Fertiliers, Lanco Group's power project
in Kondapalli and GVK's Spectrum power project, all in Andhra
Pradesh) for selling natural gas from Ravva satellite fields at
market price
-Embarks on Rs 400 crore expansion
-Strikes oil, gas near Ahmedabad in the
Cambay basin
-Company and the PY-1 Consortium of Mosbacher
India LLC (MIL) and Hindustan Oil Exploration Company Ltd. (HOEC)
have signed an agreement for gas sales and transportation
-Begins laying down Dahej-Uran pipeline
-Construction work of the
Visakhapatnam-Secunderabad LPG pipeline gets completed before
the schedule time
-Shell invites Gail to take 24-pc stake in
Egypt Offshore block
-Union Ministry of Petroleum decides not to
privatise GAIL
-Shri Badal K Das Additional Secretary &
Financial Advisor to Ministery of Petroleum & Natural Gas has
been nominated as part time director on the Board of GAIL India
Ltd wef September 2, 2003.
-Sought government approval to monetise its
2.5 per cent holding in Oil and Natural Gas Corporation (ONGC).
-Central government nominated Gail as monpoly
builder for cross-country gas pipelines.
-Naik unveils gas conservation programme
2004
-The fortunes of ONGC-Videsh (OVL) and Gail
(India) Ltd rose today with a major gas find in the Myanmar
offshore area.
-Gail enters into gas cooperation agreement
with UP govt
-Gujarat State Petroleum Corporation inks
pact with GAIL for regassified LNG
-Gail and Uttar Pradesh State Industrial
Development Corporation enter into agreement for gas supply
-GAIL ties up with Coal India to expand
Dankuni gas project
-Gail in fray with BPCL over Mgmt matters in
Pune Gas Joint Venture
-GAIL (India) Ltd has switched over to the
e-banking system installed by the State Bank of India for all
its major payments.
-Govt. comes out with offer for sale of upto
84,565,160 equity shares of Rs 10 each priced at Rs 195 per
share
-GAIL India Ltd has on April 5, 2004 signed a
Development Agreement with Tata Power Company Ltd & BP to
jointly participate in evaluating the Dabhol gas and power
opportunity.
-GAIL ties up with DuPont for sale of pipe
coating system
-Gail ties up with Sumitomo Chem for mosquito
nets production
-Gail join hands with Shell to produce Syngas
-Gail India Ltd (Gail) has re-affirmed its
interest in a slew of projects totalling Rs 10,450 crore in
Kerala by signing a gas cooperation agreement (GCA) with Kerala
State Industrial Development Corporation (KSIDC)
-GAIL inks agreement with prosperous LNG
customers in Kerala
-GAIL acquires stake in NATGAS of Egypt
-GAIL signs pact to undertake feasibility
study on national gas grid
- GAIL (India) Ltd, in association with
Gujarat State Petroleum Corporation (GSPC), strikes oil in the
Cambay basin (block CB-ONN-2000/1) in Gujarat.
-GAIL India ties up with with Gasunie Engg BV
of Netherlands for cooperation in the fields of engineering
trading, training, research and development, pilot projects and
providing energy solutions to industrial customers
-GAIL sets up subsidiary company in Singapore
-KMML ties up with GAIL for LNG supply
2005
-GAIL sign pacts with RCF for supply of gas
-GAIL ties up with SAIL
-NCDEX inks MoU with GAIL for natural gas
spot trading
-GAIL signs MoU with Spectra International on
February 15, 2005
-GAIL signs deals with Bangla, Iranian firms
-GAIL signs MoU with SPECTRA International,
Bangladesh
-GAIL signs MoC with Ergo Exergy Technologies
Inc
-GAIL inks pact with NPC, Iran
-Gail signs MOU with Cosmos of Bangladesh
-GAIL inks MoU with BDCL to undertake
pipeline projects in Bangladesh
- Gail India Ltd and Indian Oil Corporation
Ltd (IOC) sign a Joint venture agreement on May 11, 2005 for
implementation of city gas projects in Agra and Lucknow.
- Company successfully implements innovative
"Gas Management System" (GMS), the Web Enabled system which
ensures better co-ordination and total transparency for the
first time in India.
-Gail & BIS launches Development of National
Standard & Code of Practice for Natural Gas pipeline systems
-GAIL has received the coveted NPMP award in
recognition of excellence in Enterprise Category for
Dahej-Vijaipur Pipeline Project
-GAIL joins hand with Leyland for CNG biz
-Gail India & EIL signs MoC for pursuing
Natural Gas business overseas
2005
-Gail India ventures into Marketing Crude Oil
segment
-Gail (India) has sold its first consignment
of crude oil to Indian Oil Corporation's Koyali refinery in
Gujarat
-Gail India & IOCL form Green Gas Ltd
-Gail India signs production sharing contract
for two NELP V blocks
-GAIL signs historic pact for equity
participation in A-3 Block, Myanmar
-Gail India Ltd has announced GAILTEL,
RAILTEL and Power Grid Corporation have inked pact for strategic
alliance to face competitive scenario in telecom business
-Gail ties up with Belgian firm for LNG
technology
-Gail join hands with Powergrid, Railtel to
create fibre network
-Two plants of Gail receives British Safety
Council Sword of Honour award
-GAIL opens diagnostic centre
2006
-SP Rao appointed as Gail CMD on Aug 27,2006
- Gail India Ltd has announced that Shri.
Mohan R Hingnikar, the Company's Director (Human Resources) will
take over additional charge as Chairman & Managing Director (CMD)
of the Company on November 01, 2006. He succeeds Shri. S P Rao,
CMD and Director (Projects) who superannuated from service on
October 31, 2006.
- Gail India Ltd has informed that Shri.
Mohan R Hingnikar, the Company's Director (Human Resources) has
taken over additional charge of Chairman & Managing Director on
November 01, 2006. He has succeeded Shri. S P Rao, CMD &
Director (projects) who superannuated from service on October
31, 2006. Shri. Santosh Kumar has joined as Director (Projects)
on November 01, 2006.
-Gail India Ltd has announced that the
Company has received the Oil Industry Safety Directorate (OISD)
Award for its Hazira- Vijaipur - Jagdishpur (HVJ) pipeline for
the year 2005-06.
2007
- Gail India Ltd has announced that the
Company has launched 'e-tendering' as its e-Governance
initiatives in the Company. The e-tendering was launched on
February 13, 2007 by the Company's CMD, Dr. U D Choubey in the
presence of all functional Directors and senior officials of the
Company.
-GAIL unveils e-tendering facility.
-Gail India Ltd and Reliance Industries Ltd (RIL)
signing a Memorandum of Understanding (MoU) for cooperation in
gas sector on March 15, 2007 .
-Gail India Ltd delists securities from 'The
Delhi Stock Exchange Association Limited' (DSE) with effect from
March 24, 2007.
-Gail India Ltd has appointed Shri. S
Sundareshan, Additional Secretary, Ministry of Petroleum &
Natural Gas (MoPNG), as Part-time Director (Government Nominee)
of the Company, in place of Shri. Anil Razdan, Special Secretary
(MoPNG).
- Gail (India) Ltd has formed a joint venture
with Indian Oil Corporation (IOC) for gas distribution in
Kolkata and other towns.
-Gail India Ltd has announced that the
Company and ONGC on July 24, 2007 signed a Memorandum of
Understanding (MoU) for formation of a Joint Venture.
- Gail India signs MoU with Transparency
International India for Integrity Pact with Contractors.
-Gail India Ltd and Reliance Gas
Transportation Infrastructure Ltd (RGTIL) have signed an
Agreement for Transmission of natural gas from the Krishna
Godavari (KG) basin.
-GAIL signs Gas Cooperation Agreement with
Government of Puducherry
2008
-The Company has issued Bonus Shares in the
Ratio of 1:2. |