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GAIL

Hon’ble MoS, P&NG (I/C) visits GAIL’s National Gas Management Centre

Hon’ble MoS, P&NG (I/C) Shri Dharmendra Pradhan reviews GAIL’s operations and maintenance and security control centre
Hon’ble Minister of State for Petroleum & Natural Gas (Independent Charge) Shri Dharmendra Pradhan today reviewed the pipeline operations and maintenance network of GAIL (India) Limited during a visit to the Company’s National Gas Management Centre set up here.

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Shri Pradhan also reviewed GAIL’s Security Command and Control Centre activities, through CCTV and line walk system. Present on the occasion were Secretary, Ministry of Petroleum and Natural Gas Shri K D Tripathi, GAIL Chairman and Managing Director Shri B C Tripathi, Joint Secretary, MoPNG Shri Ashish Chatterjee, GAIL Director (Human Resources) Shri M Ravindran, Director (Projects) Dr Ashutosh Karnatak, Director (Finance and Acting Director Marketing) Shri Subir Purkayastha and senior officials of GAIL.

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GAIL owns and operates more than 11,000 km of high press cross-country pipelines along with more than 2,000 km long LPG pipeline in the country.

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The Minister was given detailed presentations regarding GAIL, the gas pipeline journey from India’s perspective and proposed CNG highways.

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Shri Dharmendra Pradhan inaugurates Heritage Gate of Sisupalgarh

img-20161210-wa0034GAIL (India) Limited
Press Release
Hon’ble MoS (I/C), P&NG Shri Dharmendra Pradhan inaugurates Heritage Gate of Sisupalgarh
Hon’ble Minister also distributes assistive devices to over 100 Divyangjan
Projects undertaken under GAIL’s CSR initiative

Bhubaneswar, December 10, 2016: Hon’ble Minister of State for Petroleum and Natural Gas (Independent Charge) Shri Dharmendra Pradhan today inaugurated the Heritage Gate of the historic city of Sisupalgarh and distributed assistive devices to over 100 differently abled persons (Divyangjan) of Cuttack district in a function here in the presence of GAIL (India) Limited Director (HR) Shri M Ravindran, and other senior dignitaries.

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The construction of the Heritage Gate at a cost of Rs 50 lakhs and free distribution of assistive devices to Divyangjan were carried out under GAIL’s Corporate Social Responsibility initiatives.
Speaking on the occasion, the Hon’ble Minister said the construction of the Heritage Gate would be a reminder of the rich glory and heritage of Sisupalgarh and help promote tourism and economic growth of the region.
Excavations at Sisupalgarh provide evidence that this was the legendary city of Kalinganagara and the ruins go back to as early as 3rd century B.C. The city pre-dates the Mauryan era and even finds mention in the ancient Indian treatise Arthashastra.

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During the function, Shri Pradhan distributed 28 motorized tricycles, 14 tricycles, 34 wheel chairs, 24 BTE hearing aids, two Rollators, a tablet and a Daisy Player along with batteries to identified beneficiaries of Cuttack district. He said these aids and devices shall not only be a major help and support to the people of the region with disabilities but also give them hope for a better life.
The devices were distributed under GAIL CSR’s Sashakt initiative, a key focus area of GAIL identified to address the needs of the differently abled and the aged who comprise a major chunk of those at the margins of society. GAIL had tied up with M/s Artificial Limbs Manufacturing Corporation of India (ALIMCO) which had held an assessment camp in Cuttack in May 2016 to identify people in requirement of aids and assistive devices. The 104 beneficiaries were identified in coordination with the district authorities of Cuttack.

 

 

GAIL

GAIL targets 100% e-payment to contract workers this month

GAIL has targeted 100% e-payment to all its contract workers for their wages to be disbursed for the month of November 2016. About 94% of the total contract workers are already getting their wages through net-banking in various GAIL establishments. Rigorous efforts are being made for covering the balance contract workers through net-banking by opening their bank accounts. All work centers are organizing special camps with the help of local branches of banks to achieve this.

GAIL is one of the earliest PSUs to adopt ERP for its various business processes and for making e-payments to its employees. The cashless transaction through e-payment systems to all its vendors, customers, was introduced in 2003.

Since 2014, it has been provisioned in Tender Documents that the contractor deploying contract workers to disburse wages to their contract workers through net-banking and that they should be covered under the Social Security net, i.e. EPF and ESI schemes of Government of India.

GAIL

GAIL’s Profit after Tax up by 180% for Q2 of FY 2016-17

 GAIL’s Profit after Tax up by 180% for Q2 of FY 2016-17 on year-on-year basis

PBT Rs. 1,375 crore up, by 151%; Gross Margin Rs. 1,851 crore, up by 61%

New Delhi, November 15, 2016: GAIL (India) Limited registered a 180% increase in Profit after Tax (PAT) in the second quarter of Financial Year 2016-17, boosted by a turnaround in its Petrochemical business and reduction in interest costs. The Company’s PAT for the quarter ending 30th September, 2016 rose to Rs. 925 crore from Rs. 330 crore in the corresponding quarter of the last fiscal. GAIL’s Profit before Tax (PBT) for the second quarter increased by 151% to Rs. 1,375 crores against Rs. 548 crore in the corresponding quarter of the last fiscal.

On half yearly basis, GAIL’s PAT (excluding gain from stake sale in Mahanagar Gas Limited) is Rs 1,771 crore,signifying an increase by 146%.

GAIL’s PAT in the second quarter of FY 2016-17 rose by 9% vis-à-vis the first quarter (excluding the gains from stake sale in Mahanagar Gas Limited) of current financial year, from Rs. 846 crore to Rs. 925 crore largely on account of better performance in Natural Gas Transmission and Petrochemical segment. During the quarter, GAIL’s Petrochemical business has seen a turnaround with sales jumping 61%  on year on year basis. This has resulted increase in revenue in this segment by 53% to Rs. 1,358 crore and the profit stood at Rs. 104 crore in this quarter as against loss of Rs. 364 crore in the corresponding quarter of the previous year.

The increase in net profit during Q2 of Financial Year 2016-17 on year-on-year basis, was also supported by increase in Natural Gas Marketing & Transmission volumes by 8% and 12% respectively and Liquid Hydrocarbon Sales by 9%.

GAIL

Hon’ble Prime Minister Lays Foundation Stone of Varanasi City Gas Distribution Project

·      ‘Urja Ganga’ to arrive soon in the holy city of Varanasi

·      CGD project a Deepawali gift to the city

·      Host of other projects also dedicated and flagged off

·      GAIL to invest Rs 1,000 crores for the CGD project

·      50,000 households, 20,000 vehicles to benefit

Varanasi, October 24, 2016: Heralding the arrival of ‘Urja Ganga’ in the city of Varanasi, Hon’ble Prime Minister Shri Narendra Modi today laid the foundation stone of the City Gas Distribution (CGD) project in a function here in presence of Hon’ble Governor, Uttar Pradesh Shri Ram Naik, Hon’ble Union Minister of State (Independent Charge) for Petroleum and Natural Gas, Shri Dharmendra Pradhan, Hon’ble Union Minister of State (Independent Charge) for Communications and Minister of State for Railways Shri Manoj Sinha, Hon’ble Union Minister of State for Human Resources Development Dr. Mahendra Nath Pandey, Hon’ble Union Minister of State for Health and Family Welfare Smt. Anupriya Patel, Minister of Khadi and Village Industries, Government of Uttar Pradesh Shri Brahmashankar Tripathi, Member of Parliament Shri Keshav Prasad Maurya, Member of Parliament Shri Ramcharit Nishad, Varanasi Mayor Shri Ram Gopal Mohale and a host of other dignitaries.

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The laying of the foundation stone heralds the start of construction of the CGD project which will bring eco-friendly fuel natural gas to households, vehicles and industries in the holy city of Varanasi. The project is part of GAIL (India) Limited’s Jagdishpur – Haldia and Bokaro – Dhamra Pipeline project (JHBDPL), popularly known as ‘Urja Ganga’.

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The Hon’ble Prime Minister also dedicated the 765/ 400 KV GIS Varanasi Power Station, inaugurated the Varanasi Postal Region, dedicated the Expansion Project of Diesel Locomotive Works (Phase – I), laid the foundation stone for doubling and electrification of Allahabad – Varanasi Rail Line, released a commemorative postage stamp on Varanasi City and laid the foundation stone of Perishable Cargo Centre.

The Varanasi CGD project will be developed simultaneously with the Jagdishpur – Haldia and Bokaro – Dhamra Pipeline project, which is being done for the first time in the country. The project, with an estimated capital investment of Rs.1,000 crores, is expected to connect 50,000 households with piped natural gas (PNG) and provide compressed natural gas (CNG) to 20,000 vehicles through 20 CNG stations. About 800 km of steel and medium density polyethylene (MDPE) will be laid in the city as part of the project. With the coming of the CGD project, it will be possible to give five lakh LPG connections to households in rural areas.

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The 2,540 km JHBDPL project is being executed at an investment of Rs 12,940 crores, which includes 40% capital grant (i.e. Rs 5,176 crores) from the Government of India. It will pass through five states, i.e. Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal, covering 40 districts. GAIL has also been entrusted with developing CGD network in seven cities enroute the pipeline, i.e., Varanasi, Patna, Jamshedpur, Kolkata, Ranchi, Bhubaneswar and Cuttack.

GAIL (India) Limited is India’s No. 1 Integrated Natural Gas company with a market share of over 75% in natural gas transmission. Apart from being a leader in India GAIL is also ranked as No. 1 amongst Gas utility companies in Asia. With over 11,000 Kms of Natural gas network, GAIL supplies India’s fuel requirements across sectors like Power, Fertilizer, Industrial, Automotive and even Household consumers. Apart from natural gas transmission, distribution and processing, the Company has diversified business interests in Petrochemicals, LPG transmission, City gas projects and Exploration and Production activities. The company is committed to expand its current network to 15,000 km within 5 years.