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GAIL

Cyclothon organized by PCRA in New Delhi to promote fuel-less transport

New Delhi, 06.02.2017:  

A cyclothon was organized today at India Gate as a part of ‘Saksham 2017’ – an initiative by Petroleum Conservation Research Association (PCRA) and oil and gas sector PSUs, under the aegis of Ministry of Petroleum of Natural Gas. The cyclothon was flagged off by Shri Ajay Nishad, Hon’ble MP, Muzaffarpur (Bihar), Col. (Retd.) Sona Ram Choudhary, Hon’ble MP, Barmer (Rajasthan), Smt. Rama Devi, Hon’ble MP Sheohar (Bihar), Shri Rameswar Teli, Hon’ble MP, Dibrugarh (Assam). The Hon’ble MPs, while speaking on the occasion, stressed the need for cycling for better health, environment and fuel conservation.  

Shri K D Tripathi, Secretary, Ministry of Petroleum & Natural Gas, senior officials of the Ministry, CMDs, Directors of various oil and gas sector PSUs led the participation in the event. More than 600 cyclists including celebrities, sports personalities and citizens from different walks of life took part in the event. The Cyclothon and ‘cycle ride’, which began early in the morning at 7.30 a.m., was flagged-off from Amar Jawan Jyoti and culminated at Parliament Gate.  

Cheering up the cyclists, Shri K D Tripathi, Secretary, Ministry of Petroleum and Natural Gas emphasized the need to optimize fuel consumption. Traveling short distances on foot or cycling, carpooling, route planning, switching off engine at red lights, switching to energy efficient equipment were a few simple tips, the Secretary urged people to adopt in their daily lives.

Cycling 30 minutes a day can keep one healthy, young and free from many ailments. It is an excellent inexpensive exercise to strengthen cardiovascular activity, increase brain power, reduce stress and shed body fat. Researchers from the University of Illinois found that a five per cent improvement in cardio-respiratory fitness from cycling led to an improvement of up to 15 per cent in mental test, because cycling helps in building new brain cells in the hippocampus –the Region Responsible for Memory. For a motorist, it is also an attractive financial proposition as this could result in a saving of upto Rs. 1000 per month on fuel bills, besides reducing 36 kilogram CO2 emissions from the environment.

‘Saksham (Sanrakshan Kshamta Mohotsav) 2017’ is a month long drive to spread awareness about fuel and environment conservation during 16th January to 15th February 2017 organised by PCRA. A number of people-connect activities like walkathons, cyclothons, fuel saving concerts, driver training workshops, group talks on LPG saving tips, fuel saving opportunities in transport, domestic, industry and agricultural sectors etc. are being conducted by PCRA and oil & gas sector PSUs to involve masses and create awareness on the need and ways to conserve fuel as a measure towards ensuring India’s energy security and environment protection.

GAIL

GAIL Board approves issuance of bonus shares, interim dividend and raising of funds through Bonds

New Delhi, January 27, 2017: GAIL (India) Limited has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholders approval. The decision was taken by the Company’s Board of Directors in its meeting held on 25th January 2017. Consequently, the paid-up share capital of the Company will increase from Rs. 1,268.48 crore to Rs. 1,691.30 crore.

Earlier, GAIL had issued bonus shares of one fully paid-up bonus share for every two equity shares in October 2008.

GAIL’s Board also approved payment of interim dividend for the financial year 2016-17 at the rate of 85 per cent of paid-up equity share capital of the Company (Rs 8.5 per share). Interim Dividend will be paid with reference to the ‘Record Date’ i.e. 3rd February, 2017 fixed for the said purpose.

GAIL’s Board in its meeting held on 25th January, 2017 also approved raising of funds through secured/ unsecured, redeemable, non-convertible, taxable INR bonds up to Rs 750 crore with green shoe option up to 100 per cent of issue size aggregating up to Rs 1,500 crore on private placement basis, in one or more tranches.

GAIL Chairman & Managing Director Shri B C Tripathi said that GAIL is issuing bonus shares for the second time after its listing on the stock exchanges. “The decision has been taken in order to enhance shareholders’ value and acknowledge their support to the Company over the years,” he said.

Shri Tripathi further said that work on the prestigious Jagdishpur – Haldia –Bokaro – Dhamra Pipeline Project, popularly called the Pradhan Mantri Urja Ganga, is going on in full swing and GAIL is committed to complete the project within scheduled time. He said work on the Uttar Pradesh and Bihar sections of the Urja Ganga project has made significant progress and the next phase of the project is likely to commence in the second half of 2017.

The Chairman also stated that the expansion of the Petrochemical plant at Pata has stabilized. The production from subsidiary Brahmaputra Cracker & Polymer Limited’s plant in Assam, in which GAIL has 100 % marketing rights, is being ramped up. GAIL is looking to capture new markets for its petrochemical products and has commenced exports to China, Nepal, Bangladesh, Myanmar and Vietnam.

GAIL’s subsidiary GAIL Gas is executing its flagship City Gas Distribution project in Bengaluru and supply of piped natural gas to households has already commenced. Further, CNG stations have been set up to cater to the needs of vehicles in the city.

The issue of the INR bonds would help in funding the growing capex requirements for the future growth of the Company, Shri Tripathi said.

GAIL

Kashipur (Uttarakhand), December 22, 2016: In order to popularise use of environment- friendly fuels, Hon’ble Minister of State for Petroleum and Natural Gas (Independent Charge) Shri Dharmendra Pradhan today launched an awareness campaign here to highlight the benefits of Natural Gas and the Pradhan Mantri Ujjwala Yojana under which LPG is provided to underprivileged households. Hon’ble Minister of State for Textiles Shri Ajay Tamta, Hon’ble MP and former Uttarakhand Chief Minister Shri Bhagat Singh Koshyari, Hon’ble MLA Shri Harbhajan Singh Cheema, Hon’ble Mayor of Kashipur Smt. Usha Chowdhury, BJP District President Shri Ram Mehrotra, Shri B.C Tripathi, CMD, GAIL (India) Ltd., along with other dignitaries were present on this occasion.

 

This is the first time that an awareness campaign of this nature is being carried out in Udham Singh Nagar district which is connected to the country’s natural gas grid through GAIL (India) Limited’s pipeline network.

 

Natural gas is one of the most environment friendly fuels available today. Its usage helps in curtailing the toxic emissions from the industrial and transport sector. Moreover, supply of natural gas through pipelines is uninterrupted, safe and reliable.

 

GAIL supplies natural gas to Uttarakhand through its 89 km of pipeline network covering Haridwar and Udham Singh Nagar districts. These are the Saharanpur – Haridwar and Karanpur – Kashipur -Rudrapur pipelines which serve the energy needs of customers in Roorkee, Haridwar, Kashipur and Rudrapur regions.

 

Moreover, another 100 Km of pipeline network, i.e., Haridwar – Rishikesh/Dehradun and Rudrapur – Pantnagar – Haldwani are being planned at an investment of about Rs. 200 Crore. These pipelines will connect two new districts of the state, viz. Dehradun & Nainital, with the Natural Gas grid of India.

 

City Gas Distribution (CGD) networks are already being developed in Udham Singh Nagar and Haridwar districts to supply environment-friendly piped natural gas (PNG) to households and compressed natural gas (CNG) to vehicles.

 

With thousands of domestic customers in the state expected to convert to PNG in the coming months, the LPG connections freed up as a result will be provided to beneficiaries from below poverty line (BPL) families through the Pradhan Mantri Ujjwala Yojana. Already, 13,900 households in Uttarakhand have been provided LPG connections under the scheme.

 

The CGD network in Udham Singh Nagar district is being implemented by IndianOil-Adani Gas Pvt Ltd (IOAGPL) which will lay more than 300 kms of pipeline network to supply PNG to more than 40,000 houses in the district in 10 years. The network shall cover all important demand centres at Rudrapur, Kashipur, Jaspur, Bajpur, Khatima, Sitarganj and Gadarpur and in five years.

 

IOAGPL shall also set up 10 CNG stations to provide CNG to vehicles. The company shall invest Rs 200 crores in five years and the project is expected to generate direct and indirect employment for 1,50,000 people. The first phase of the Udham Singh Nagar CGD network is likely to be commissioned by March 2017.

 

Further, a joint venture of GAIL’s subsidiary GAIL Gas and Bharat Petroleum is executing the city gas distribution project in Haridwar District. This project will benefit about 17,000 households which will get PNG connections while around 10,000 vehicles can convert to CNG. The projected Capital Expenditure for the first five years in the project is Rs 148.91 Crore.

 

The gas pipeline network shall also supply gas to the industrial and commercial units. Industrial units shall be able to use natural gas for various applications such as process agent, heating, power generation, cooling, etc. Its usage improves the efficiency and helps to cut down the carbon emissions.

GAIL

IndianOil and GAIL sign MoU for taking equity stake in upcoming Dhamra LNG terminal

Indian Oil Corporation Limited and GAIL (India) Limited  have today signed an MoU with Dhamra LNG Terminal Private Limited (DLTPL) for taking equity in the 5 MMTPA capacity LNG Receiving, Storage and Regasification Terminal being put up at Dhamra Port, Odisha.

 

As per the MoU, DLTPL shall be an equal Joint Venture of IndianOil and GAIL on one hand and Adani Group on the other. IndianOil and GAIL would acquire 39% and 11% equity respectively in DLTPL with the balance 50% being held by Adani group.  Going forward, IndianOil and Adani group will each divest 1% of their respective stake to a credible financial institution which will then have 2% stake in the terminal. Apart from equity, IndianOil and GAIL intend to book regasification capacity of 3.0 and 1.5 MMTPA respectively in the terminal.

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The development comes in the backdrop of Government’s consistent focus on undertaking welfare and growth measures in eastern India so as to bring this hitherto underdeveloped region into the economic mainstream of the country. Prime Minister Narendra Modi has maintained that India cannot develop till the eastern part of India develops.

 

Presently, the states in eastern India viz. Odisha, Bihar, Jharkhand and West Bengal are not able to get the benefits of natural gas in sectors like Domestic, Transport, Industries etc., as the region does not have gas infrastructure by way of LNG Terminals and cross-country gas pipeline grid. The LNG Terminal at Dhamra would provide the potential customers in these states a clean and economically viable alternative which will also help in reducing the carbon footprint. This will also provide momentum to the economic growth of this region by attracting new industrial projects.

 

The LNG Terminal would also meet the gas requirements of three oil refineries of IndianOil situated in Barauni, Haldia and Paradip. The three fertilizers plants at Barauni, Sindri and Gorakhpur which are being revived by Govt. of India will also benefit from this terminal. The natural gas from the terminal would also be supplied to various City Gas Distribution networks coming up in eastern India, which in turn would cater to the requirements of piped gas for households, CNG for automobiles and clean fuel requirements of commercial establishments and industries. It is, therefore, expected that once operational, Dhamra LNG terminal will emerge as a bridge to prosperity for the entire eastern India.

 

Meanwhile, in another historic development earlier today, Cabinet Committee on Economic Affairs approved Capital Grant of 40%, amounting to Rs. 5,176 Crores over 5 years, for Jagdishpur-Haldia and Bokaro-Dhamra Pipeline (JHBDPL) project, which is being implemented by GAIL (India) Limited at a total capital outlay of Rs. 12,940 Crores. This is the first time ever that Govt of India has extended Capital Grant to a Natural Gas pipeline project.

 

The 2,539 km long JHBDPL is expected to be completed by December 2020 and will connect UP, Bihar, Jharkhand, West Bengal and Odisha. The project will also see City Gas Distribution (CGD) networks being set up by GAIL in 7 important towns in eastern India, namely, Varanasi, Patna, Ranchi, Jamshedpur, Kolkata, Bhubaneshwar and Cuttack. The JHBDPL gas pipeline will be used for gas supply to 3 fertilizer plants in eastern India, namely Barauni, Sindri and Gorakhpur.

 

The Dhamra LNG Terminal project and JHBDPL project, cumulatively, are expected to bring investments to the tune of Rs 51,000 Cr into the economy of eastern India. Of this, about Rs. 13,000 Crores will be spent on JHBDPL pipeline infrastructure; Rs. 6,000 Crores on CGD projects in 7 cities; Rs. 6,000 Crores on Dhamra LNG Terminal and Rs. 26,000 Crores on revival of Gorakhpur, Barauni, Sindri & Talcher fertilizer units.

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Rajasthan State Gas Limited (RSGL) flying high to fuel industrialization

Jaipur, March 2, 2016: In a significant step towards Collaborative approach between government & industry for attracting investment from India & Abroad, Today M/s Global Ceramics Private Limited and Rajasthan State Gas Limited (RSGL) signed Gas Sales Agreement (GSA) by Mr. Ravi Agarwal, Managing Director, Rajasthan State Gas Limited and Mr. Niraj Kumar Gupta, Director, Global Ceramics Private Limited in the gracious presence of Mr. Deepak Upreti, Principal Secretary, Mines & Petroleum, GoR who is also the Chairman of RSGL.

After taking the charge of Mines & Petroleum Department by Mr. Upreti, he has assigned priority to the gas sector for fuelling industrialization and has taken detailed review from Mr. Ravi Agarwal for seeking plan for providing clean energy solution to the smart Cities i.e. Jaipur, Ajmer, Kota , Udaipur and setting up of CNG highways between the key cities like Kota-Jaipur, Kota-Baran-Indore-Mumbai, Jaipur-Ajmer, Jaipur-Sikar and Bhilwara-Chittorgarh-Udaipur. The Mega CNG station at Neemrana is completing as per the budget mandate of Hon’ble Chief Minister, Govt. of Rajasthan and with the commissioning of CNG facility at Kukas, Jaipur within this month, NH-08 shall become operational for CNG vehicles plying between Delhi-Jaipur.

It is just a two months back when Rajasthan Govt. has announced its agenda during Resurgent Rajasthan for setting up Natural Gas Infrastructure & development of Industrial clusters under the banner of “Make In Rajasthan” to drive “Make In India” mission.

The availability of the Natural Gas was a bottleneck for attracting prospective industries to setup Ceramic zone at Ghilot inspite of Govt. proactive enabling factor to create ease of business.

RSGL has taken proactive steps & is in the process of completing compression facility at Neemrana to make Natural Gas available for the industrial clusters along the NH-8 highway. With this, the long wait for natural gas for the industrial zone at Behror, Sotanala, Keshawana and Kukas is over. The collaborative efforts with all stakeholders are the key driver for RSGL and RSGL won the confidence from prospective customers to become their preferred choice for natural gas through transparent and customer friendly initiatives resulting win-win scenario.

The business and project execution plan is in place to construct additional compression facility at Neemrana via Jaipur-Delhi for meeting the increased demand from Ghilot. A dedicated pipeline from Neemrana to Ghilot is also planned to distribute gas through the facility being setup at Ghilot.

By the last quarter of 2017, RSGL will be in position to open up CNG highway for smart city including Kota-Jaipur, Kota-Baran-Indore-Mumbai highway.

During recent Resurgent Rajasthan program, the Business Transfer Agreement for Kota City Gas Distribution Assets between GAIL Gas Limited and RSGL was signed by Mr. Deepak Upreti, Principal Secretary Mines & Petroleum, Govt. of Rajasthan and Mr. P K Pal, CEO, GAIL Gas Limited in the presence of Hon’ble Chief Minister, Govt. of Rajasthan.

Rajasthan is now to become a model state for adopting unique clean energy solution for each propose smart city- Kota, Ajmer, Udaipur and Jaipur. For Kota the distribution of the gas is planned through speedy execution of pipeline connecting demand centers for rapid industrialization, for Ajmer being a smart and heritage city, its approach is a combination of project based on converting municipal waste into biogas & availability of gas being planned through the proposed pipeline from Neemrana-Jaipur-Ajmer. The pipeline from Neemrana to Jaipur is to become integral part of a clean energy solution for Jaipur and for Udaipur LNG hub in combination of gas availability from the proposed pipeline from Bhilwara to Udaipur is planned.

GAIL_CDLI

GAIL emerges highest ranking PSU in Carbon Disclosure Leadership Index

Secures 98 out of maximum 100, an increase of 12 points in one year

New Delhi, November 6, 2015: GAIL (India) Limited has emerged the highest ranking company among the country’s Public Sector Undertakings, and third overall, in the ‘Carbon Disclosure Leadership Index (CDLI)’ released by Carbon Disclosure Project (CDP)-India.

 

GAIL, India’s premier natural gas company, got a score of 98 out of maximum 100 in CDLI which was released at the Bombay Stock Exchange. GAIL showed a remarkable increase of 12 points from last year’s score which was a result of dedicated efforts of the company to be a responsible corporate especially in the area of climate change.

 

CDP India’s Climate Change 2015 report analyses the key trends coming out of the analysis of the responding Indian companies. The CDLI disclosure score assesses the completeness and quality of a company’s response. A high disclosure score signals that a company provided comprehensive information about the measurement and management of its carbon footprint, its climate change strategy and risk management processes and outcomes.

 

The CDP India Climate Change 2015 Report will be shared in the India Pavilion of Conference of Parties (COP) 21 to be held in Paris later this month.  It will be attended by Heads of States and Governments across the globe including Hon’ble Prime Minister Shri Narendra Modi. CDP is the only global natural capital disclosure system which is the most comprehensive collection of Corporate Climate Change Information. CDP India has been acknowledged in India’s commitment towards mitigation and adaptation of climate change specified in the INDC (Intended National Determined Conference).

 

Shri Prakash Javadekar, Hon’ble Minister of State (Independent Charge) Environment, Forest & Climate Change complemented the report saying, “Indian companies have indeed understood the mantra of sustainability growth – that going green makes sound business sense”.

 

The release of the report was followed by an interactive panel discussion attended by Sustainability Heads of top ranking CDLI Companies. Speaking on the occasion, Shri Santanu Roy, General Manager (Corporate Planning), GAIL said the company is tackling climate change through converting regulation risks into opportunities. He outlined how natural gas can play a significant role in India’s quest for Energy security. He also mentioned that going forward, GAIL would like to play a leading role in collaborating with other Indian oil and gas players for making positive impact of the sector specific sustainability and climate change.

 

Photo caption: Shri Santanu Roy, General Manager (Corporate Planning), GAIL (on the left) speaking at the release of the CDP India Climate Change 2015 Report in which GAIL (India) Limited emerged as the highest ranking company among the country’s PSUs, and third overall, in the Carbon Disclosure Leadership Index (CDLI)

GAIL-TERI

GAIL takes lead in developing Indian corporate vision on tackling climate change

Partners with TERI to develop document to be released in Paris during COP21

New Delhi, November 5, 2015: GAIL (India) Limited, the country’s premier natural gas company, has partnered with The Energy and Resources Institute (TERI), a leading energy and sustainability think tank, to develop a document which outlines the Indian corporate vision on various aspects of tackling climate change and aligning the vision with Government schemes in this direction.

The draft of the document titled “Delhi to Paris: Corporate Vision on Climate Change” was presented during the National Seminar for Corporate Vision on Climate Change organized here by TERI-CBS (Council for Business Sustainability). The final document will be launched at India Pavilion of Conference of Parties (COP) 21 to be held in Paris later this month. It will be attended by Heads of States and Governments across the globe including Hon’ble Prime Minister Shri Narendra Modi.

 

For the first time in over 20 years of UN negotiations, the COP21 Climate Summit conference will aim to achieve a legally binding and universal agreement on climate to keep global warming below 2oC.

 

As a responsible corporate citizen, GAIL acted as Chapter lead for ‘Improving Efficiency of Energy Use’ and provided inputs towards preparation and participated in meetings, webinars and consultations.

 

In a special address during the seminar, Hon’ble Minister of Railways Shri Suresh Prabhu said, “While the government provides air cover, corporates are the foot soldiers with their ideas and technologies towards mitigation and adaptation to the new reality of climate change.” Hon’ble Minister of State (Independent Charge), Environment, Forest and Climate Change Shri Prakash Javadekar hailed the convergence of all corporates and called the abridged version of the vision document the ‘Corporate Environment Responsibility Document.’

 

Speaking on the occasion, Dr. Ashutosh Karnatak, Director (Projects) & Chairman of Sustainable Development Committee of GAIL, shared various initiatives in the area by the company and how natural gas as one of the cleaner fossil fuels has been instrumental in achieving better energy efficiencies for industry.

 

He also mentioned that going forward, GAIL would like to play a leading role in collaborating with other Oil & Gas industry players for making a positive impact of the sector in respect of sustainability and climate change. As Chapter lead, GAIL propagated that natural gas, an environmentally benign alternative fuel, can act as a bridge fuel as India gears up for the transition from polluting coal and oil to renewables.

 

Photo caption: Dr. Ashutosh Karnatak, Director (Projects), GAIL (second from left) speaking at the National Seminar for Corporate Vision on Climate Change

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Jharkhand Government and GAIL sign Gas Cooperation Agreement

GCA to facilitate construction of Jagdishpur – Haldia Pipeline in the state
 
Steel and fertilizer plants at Bokaro and Sindri to be supplied Natural Gas
 
City Gas Distribution networks to be developed in Ranchi and Jamshedpur
Ranchi, October 15, 2015: Carrying forward the vision of Hon’ble Prime Minister Shri Narendra Modi to connect eastern India to the Natural Gas grid, the Government of Jharkhand and GAIL (India) Limited today signed a Gas Cooperation Agreement (GCA) for creation of Natural Gas and City Gas Distribution infrastructure, which will facilitate construction of “Urja Ganga” Jagdishpur – Haldia Pipeline project in the state.
 
The GCA was signed here in the presence of Shri Raghubar Das, Hon’ble Chief Minister of Jharkhand and Shri B C Tripathi, GAIL Chairman and Managing Director by Shri K Ravi Kumar, IAS, Director, Industries, Government of Jharkhand and Shri A K Jana, GAIL Executive Director (Marketing – Joint Venture & International Gas Sourcing). 
 
The Jagdishpur – Haldia Pipeline (JHPL) is slated to pass through six districts of Jharkhand, i.e., Bokaro, Giridih, Hazaribagh, Singhbhum, Ranchi and Dhanbad. It will have a total of 340 kms in the state, of which 174 kms will be mainline and 166 kms spurlines.
 
The pipeline can be used to provide Natural Gas as fuel to the Steel Authority of India plant in Bokaro, fertilizer plant at Sindri  which is under revival and proposed CGD networks in Ranchi and Jamshedpur. It is estimated that the Natural Gas demand in Jharkhand can reach 8.80 MMSCMD.
 
As part of the GCA signed today, GAIL and the Jharkhand Government will evaluate ways for cooperation in development of use of eco-friendly fuel Natural Gas and related infrastructure, promotion of Joint Venture for CGD projects and study various options to evaluate the energy demand (including for Natural Gas, LPG and other liquid hydrocarbons) in the state.
 
The Department of Industries of the Jharkhand Government shall coordinate grant of all necessary permissions and clearances required for development of Natural Gas, CGD, distribution infrastructure and associated facilities.
 
The GCA will also facilitate establishment of pipeline connectivity from the seven Coal Bed Methane (CBM) blocks awarded in the state to various consumption centres.
 
The 2,000 km-long JHPL, the ‘Energy Highway’ of Eastern India being constructed by GAIL, will carry eco-friendly Natural Gas to eastern Uttar Pradesh, Bihar, Jharkhand and West Bengal.
 
GAIL, a Maharatna Public Sector Undertaking, is India’s premier Natural Gas company and operates 11,000 kms of pipelines. Its activities range from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications. The company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations.
GAIL_Sustainability Report

GAIL releases fifth Sustainability Report

Becomes first PSU to avail Content Index certified by GRI, Amsterdam
“Fostering Responsible Growth” theme of the report

New Delhi, 14th October, 2015: GAIL (India) Limited has released the Company’s Sustainability Report for the year 2014-15, becoming the first Public Sector Undertaking of the country to avail Content Index certified by Global Reporting Initiative (GRI), Amsterdam.
The report, on the theme ‘Fostering Responsible Growth’, was released here yesterday by Shri B C Tripathi, Chairman and Managing Director, in the presence of Shri M. Ravindran, Director (HR), Dr Ashutosh Karnatak, Director (Projects), Shri Subir Purkayastha, Director (Finance), Shri Ashutosh Jindal, Director, Smt. Anuradha Sharma Chagti, Director and other senior officials of the company.
The report, the fifth released by GAIL, marks the transition from GRI G3.1 to GRI G4 guidelines and is in line with GRI G4 Guidelines ‘in-accordance’ option core.
Speaking on the occasion, Shri Tripathi said “We believe in growth that is sustainable and inclusive while remaining deeply committed to ensuring the trust of our stakeholders.” He also noted that GAIL has been acknowledged among CDP India Leaders 2014 Climate Disclosure Leadership Index (CDLI) and is the only company in Utilities category among the top 22 India leaders.
GAIL has developed ‘Sustainability Aspirations 2020’, which are self-driven targets focused towards the reduction of Green House Gas (GHG) emissions, water consumption and specific energy intensity.
This year’s Sustainability Report is a materiality centric report and contains dedicated sections for each of the stakeholders. These material issues have been identified after a thorough materiality assessment and stakeholder engagement exercise which was conducted at 10 locations of GAIL amongst different stakeholder groups.
All Sustainability Reports of GAIL have been assured by external third party. Continuing the practice, this year’s Sustainability Report has been assured by DNVGL. This is a Type 2 Moderate level assured report based on AA1000AS (2008) standard. Assurance process includes data verification at different sites of GAIL that will continue to help GAIL improve its processes and data management mechanisms.
GAIL’s Corporate Sustainability Reports are available on the Company’s website (www. gailonline.com). The report for 2014-15 was web hosted on the day GAIL AGM was held.
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GAIL’s Jagdishpur – Haldia Pipeline Project connects Barauni in Bihar

Welding of 12 inch pipeline connecting HFCL Barauni to IOCL Barauni commenced on 15th September 2015 at Barauni, marking the first phase implementation of GAIL (India) Limited’s  Jagdishpur- Haldia Pipeline, the green project of Government of India.

The phase – I of pipeline project consists of laying of trunk pipeline from Phulpur (Allahabad) to Dobhi (Gaya) for a length of 341km and spur pipeline connectivity to Barauni and Patna from Dobhi for a length of 228 km.

This gas network will supply fuel to major industries such as the Barauni Refinery and the Barauni fertilizer plant, which will be revived to its full glory, besides power and steel plants.

The pipeline will also help in setting up of City Gas Networks in major cities of Bihar including capital Patna. Thus, residents can enjoy the convenience of environment friendly piped natural gas (PNG) that directly reaches kitchens through pipelines and the economical compressed natural gas (CNG) for vehicles.

An investment of over Rs. 2300 crore is expected to be made in Bihar on this project.

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IndianOil & GAIL Sign MoU With Dhamra LNG Terminal Pvt. Ltd.

New Delhi, May 13, 2015: IndianOil and GAIL (India) Ltd., two Maharatna Public Sector Companies of India have signed MoU with Dhamra LNG Terminal Private Limited (DLTPL), a Company owned by Adani Enterprises Limited. DLTPL’s project shall be an onshore LNG regasification terminal having initial capacity of 5.0 MTPA, at Dhamra Port in Bhadrak district of Odisha. Dhamra is an all-weather deep water port. As per the terms of MoU, IndianOil and GAIL would reserve regasification capacity in the Terminal to supply regasified LNG in the emerging gas markets in the eastern part of the country. IndianOil and GAIL would also have the option to hold equity in DLTPL at a later date.

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Shri Subir Purkayastha joins as Director (Finance), GAIL

New Delhi, May 01, 2015: Shri Subir Purkayastha today took over as Director (Finance) of GAIL (India) Limited. A Chartered Accountant and Company Secretary by professional qualification, Shri Subir Purkayastha has a rich experience of nearly 30 years in the areas of Corporate Finance and Treasury including Forex Risk Management, Capital Budgeting, Corporate Budgets, Corporate Accounts, Finalization of Long Term LNG and Gas Agreements, Liquefaction and Regasification Terminal Service Agreement, Shareholders Agreements and Joint Ventures Agreement etc.

Prior to his appointment as Director (Finance), he held the position of Executive Director (Finance & Accounts) in GAIL. Additionally, Shri Subir Purkayastha also holds the position of Director in GAIL Gas (USA) Inc., Ratnagiri Gas and Power Pvt. Ltd (RGPPL) and TAPI Pipeline Company Limited. He joined GAIL in 1985 as a Finance Officer and rose to the position of Executive Director. Having joined in the early stages of the company, he was part and parcel of the growth trajectory of the Company.

As Executive Director (Finance), besides heading Corporate Finance and Treasury section in large mobilisation of funds from domestic and international markets and taking investment decisions in large infrastructure projects, he was also actively involved in Investor relations and interactions with Analysts fraternity. Besides serving a long tenure at the GAIL corporate office, he was on secondment to Petronet LNG Ltd., during its formative years from 1998 to 2002. During his stint at Petronet LNG, he was actively engaged in the selection of LNG supplier and finalisation of first ever LNG supply agreement in the country viz with Ras Gas, Qatar, Time Charter Agreement with Japanese Shipping consortium and EPC contract for construction of Dahej re-gasification terminal. Thereafter, he was posted at GAIL’s largest manufacturing unit viz petrochemical plant at Pata, U.P. for 4 years. It was during his stint in Petrochemicals Unit at GAIL, Pata he introduced e-budget for preparation and control of capital and revenue budget of the Unit.

Shri Subir Purkayastha is an avid reader and in his spare time often reads on topics related to finance, management and leadership. He is also fond of old Hindi melodies.