History of GAIL [Indias] Ltd.
1984
- The Comp. was incorporated on 16th of August.
- The Gas Authority of India limited [GAILs], one of India leading Public Sector Enterprises, is the largest gas transmission & marketing company in the Country. The Company, possessing a well developed and efficient infrastructure, was established as a wholly owned Comp. 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 & is ranked among the top ten companies in India. The various activities of Comp. range from Gas marketing and distribution through trunk & regional systems, to retailing of Natural Gas to Gas processing for production & marketing of LPG, liquid hydrocarbons & Petrochemicals.The equity pattern in the Company has also changed & the Government today holds about 67% of the equity in the Company.
1995
- GAIL was adjudged the third-best PSU & awarded the prestigious 'Indira Gandhi Rajbhasha Shield' for year 1994-95 in the category of PSUs in Region 'A'. This award was presented by 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 year 1995-96. - Two propane recovery plants at Vijaipur were commissioned to optimally utilise various components of natural gas.
- Pipeline to NTPC Zanore [Phase IIs] & RSEB Ramgarh [Phase IIs] have been commissioned for gas supply to NTPC & RSEB. In addition, a number of small pipelines were also commissioned.
- GAIL signed a 'Principles of Agreement' with Brown and 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 & southern regions.
- The Comp. entered into a Memorandum of Understanding with the Ministry of Petroleum & Natural Gas.
1997
- The Comp. launched the Pilot Project for supply of piped gas to Domestic & Commercial consumers in the city of Delhi.
- The Comp. has entered into an MOU with the Ministry of Petroleum and Natural Gas.
1998
- The Comp. has commissioned a study to prepare a precise and crystallised vision statement, integrated with strategic business plan, growth models & annual plan perceiving the changing environment.
- The Comp. was received well by international investors; however, due to the unexpected crash of international stock markets, international offer of equity was deferred by Government of India.
- The Comp. signed an agreement with M/s National Security Depository Ltd to facilitate shareholders to trade in the shares of Comp. in the dematerialised form.
- During the year the gas processing unit [GPUs], offsite & utilities of the Petrochemical plant at Pata were commissioned.
- The Comp. has entered into Memorandum of Understanding [MOUs] with the Ministry of Petroleum and Natural Gas for last seven years.
- The Comp. has set up its own Research & Technology Development [R&TDs] Group to undertake research & technology development activities for optimal & 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 & Expansion Project [GREPs]
- LPG plant at Usar
- LPG plant at Lakwa
- The UP Petrochemical Complex at Pata was commissioned in March.
- In the LPG area, the Comp. has successfully commissioned its plants at Usar [Maharashtras] & Lakwa [Assams] with designed capacity of 139,000 tonnes & 85,000 tonnes respectively. - In Delhi, the Comp. has formed a Joint Venture Comp. with BPCL named Indraprastha Gas Limited [IGLs]. - The Comp. bagged first prize under Indira Gandhi Rajbhasha Shield Scheme for years 1996-97 & 1997-98 for excellence in the area of implementation of Official Language Policy.
- In the area of Gas Technology, the Comp. has signed a Joint Collaboration Agreement with AMOCO along with Indian Oil Corporation Limited [IOCLs] & Indian Institute of Petroleum [IIPs] for DME India project.
2000
- The Four production unit of Comp. viz., the unit at Vijaipur, Vaghodia, Usar & its petrochemical plant in Uttar Pradesh have won the top safety award from the British Safety Council for 1999.
- Gas Authority of India Ltd [GAILs] has signed an agreement with the Karnataka State Industrial & Infrastructure Development Corporation to study the techno-economic feasibility of setting up a gas pipelin to serve various end-users in Karnataka & Kerala.
- The Comp. will lay a high-capacity fibre-optic cable network alongside the Jamnagar-Loni liquid petroleum gas pipeline.
- The Comp. has proposed to develop a gas network in Rajasthan for facilitating the supply of fuel for industrial & economic development in the state.
- Chennai 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 power project at Kuttalam in Nagapattinam district.
- The Comp. has to set up the world largest network of gas pipelines, covering the whole of Rajasthan.
- The Gas Authority of India Ltd & the Tripura Natural Gas Company limited signed an agreement for supply of increased quantity of natural gas to the domestic sector in Agartala.
- Gas Authority of India, the nodal gas pipeline Comp. in the country, is diversifying into the telecom sector & has tied up with Bharti Telesonics, BPL Broadband, Shyam Telecom & Escotel Mobiles for leasing bandwidth capacity.
- The Comp. is in talks with the National Iranian Gas Comp. for a possible joint venture for importing & marketing of 5 million tonnes of LNG from Iran.
- The Comp. has entered into a joint co-operation agreement with Total Gas & Power India & Tata Electric Comp. for 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 & Andhra Pradesh Industrial Infrastrucure Corporation signed an MoU for supplying natural gas to the domestic & commercial consumers through pipeline under the town gas supply scheme.
- Gas Authority of India limited has signed an agreement with Hindustan Petroleum Corporation limited for transportation of LPG along the Jamnagar-Loni pipeline.
- Chairman & Managing Director of Comp. Mr. C.R. Prasad, has been conferred 'Distinguished services' award by National Association of Corrosion Engineers International India Section.
- Gas Authority of India limited & Power Grid Corporation of India [PowerGrids] have signed a memorandum of understanding for leasing out bandwidth capacity of their combined telecom network to various telecom operators.
- GAIL owns & operates over 4000 km of pipeline & 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 agriculture sector also.
- The Comp. plans to enter the Telecom Sector as 'Carriers-Carrier' through leasing of bandwidth. The Comp. would be leasing the bandwidth to telecom companies using its optic fibre system available on the HBJ pipeline, the Jamnagar-Loni LPG Pipeline & by adding new optic fibre systems in various sectors. During the year 2000-2001, the company became the first Comp. in the country to obtain the License of Infrastructure Provider - category II for leasing of bandwidth and has already commissioned the link between Delhi & Vijaipur in Madhya Pradesh.
2001
- The Kerala State Industrial Development Corporation will sign a `gas co-operation agreement' with Gas Authority of India limited for the pipeline project from the proposed LNG terminal in Kochi.
- - Gas Authority of India Ltd [Gails] has signed its first equity participation agreement for power sector by picking up 12 per cent equity in the Gujarat State Energy Generation Ltd [GSEGs].
- Hindustan Petroleum Corporation Ltd [HPCLs] & Gas Authority of India Ltd [GAILs] have signed a `transport service agreement' [TSAs] for transportation of LPG through the Vizag-Secundrabad pipeline.
- Gas Authority of India Limited [GAILs] has undertaken integrating its gas pipeline network in the country through capacity expansion & by adding new pipelines
- Gas Authority of India Ltd [GAILs] 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 & 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 & natural gas Ram Naik told.
- The Comp. also completed the worlds longest & India first cross country LPG Pipeline. The Company plant at Gandhar also commenced trial production in March 2001.
- The Comp. 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 & consumer end contracts
-GAIL signs Memorandum of Cooperation with National Iranian Oil Comp. [NIOCs] of Iran
-Wins the two top Safety Awards from the OIl Industry Safety Directorate [OISDs], for its safety performance during 1999-2000 & 2000-2001
-Acquires 10% stake in gas project owned by Daewoo International
-Signs an MOU with Hindustan Petroleum Corporation limited for setting up a JV Comp. for distribution of natural gas/ auto-LPG/ piped gas in the cities of Andhra Pradesh
-Signs a Memorandum of Understanding [MoUs] to enter into a tie-up to take up the development of spur line & pipeline network in different towns with Greater Calcutta Gas Supply Corporation Ltd [GCGSLs]
-GAIL Agartala city gas feeder pipeline inaugurated
-Gail enters into energy co-operation deal with French Comp. Gaz de France [GDFs]
-Enters into collaboration with Indian Oil Corporation [IOCs] for providing co-operation in the field of research & development for sustained energy growth in the nation
-Signs agreement with Rajasthan State Power Corporation [RSPCs] for supply of gas for 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 limited [HPLs]
-Ties up with Hindustan Petroleum Corporation limited [HPCLs] 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 limited [EIILs] for transportation of LPG
-Shell Gas BV offers 29 pc equity in two firms [Fayum Gas Comp. [FGCs] & Shell Compressed Natural Gas Comp. [SCNGs], located in Egypt s] 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 & compressed natural gas [CNGs] projects in India, Turkey & third countries
-Enters into a product exchange agreement with Haldia Petrochemicals limited [HPLs] to strengthen the marketing alliance
-Clinches a deal with three fertiliser & power firms [Nagarjuna Fertiliers, Lanco Group power project in Kondapalli & GVK Spectrum power project, all in Andhra Pradeshs] 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 & the PY-1 Consortium of Mosbacher India LLC [MILs] & Hindustan Oil Exploration Comp. limited [HOECs] have signed an agreement for gas sales & transportation
-Begins laying down Dahej-Uran pipeline
-Construction work of 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 and Financial Advisor to Ministery of Petroleum and 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 & Natural Gas Corporation [ONGCs].
-Central government nominated Gail as monpoly builder for cross-country gas pipelines.
-Naik unveils gas conservation programme
2004
-The fortunes of ONGC-Videsh [OVLs] & Gail [Indias] 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 & 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 [Indias] Ltd has switched over to the e-banking system installed by 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 Comp. Ltd and BP to jointly participate in evaluating the Dabhol gas & 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 [Gails] has re-affirmed its interest in a slew of projects totalling Rs 10,450 crore in Kerala by signing a gas cooperation agreement [GCAs] with Kerala State Industrial Development Corporation [KSIDCs]
-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 [Indias] Ltd, in association with Gujarat State Petroleum Corporation [GSPCs], strikes oil in the Cambay basin [block CB-ONN-2000/1s] in Gujarat.
-GAIL India ties up with with Gasunie Engg BV of Netherlands for cooperation in the fields of engineering trading, training, research & development, pilot projects & providing energy solutions to industrial customers
-GAIL sets up subsidiary Comp. 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 & Indian Oil Corporation Ltd [IOCs] sign a Joint venture agreement on May 11, 2005 for implementation of city gas projects in Agra & Lucknow.
- Comp. successfully implements innovative 'Gas Management System' [GMSs], the Web Enabled system which ensures better co-ordination & total transparency for first time in India.
-Gail and BIS launches Development of National Standard and 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 and EIL signs MoC for pursuing Natural Gas business overseas
2005
-Gail India ventures into Marketing Crude Oil segment
-Gail [Indias] has sold its first consignment of crude oil to Indian Oil Corporation Koyali refinery in Gujarat
-Gail India and 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 & 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 Director [Human Resourcess] will take over additional charge as Chairman and Managing Director [CMDs] of Comp. on November 01, 2006. He succeeds Shri. S P Rao, CMD & Director [Projectss] who superannuated from service on October 31, 2006.
- Gail India Ltd has informed that Shri. Mohan R Hingnikar, the Company Director [Human Resourcess] has taken over additional charge of Chairman and Managing Director on November 01, 2006. He has succeeded Shri. S P Rao, CMD and Director [projectss] who superannuated from service on October 31, 2006. Shri. Santosh Kumar has joined as Director [Projectss] on November 01, 2006.
-Gail India Ltd has announced that the Comp. has received the Oil Industry Safety Directorate [OISDs] Award for its Hazira- Vijaipur - Jagdishpur [HVJs] pipeline for year 2005-06.
2007
- Gail India Ltd has announced that the Comp. has launched 'e-tendering' as its e-Governance initiatives in the Company. The e-tendering was launched on February 13, 2007 by Company CMD, Dr. U D Choubey in the presence of all functional Directors & senior officials of Company.
-GAIL unveils e-tendering facility.
-Gail India Ltd & Reliance Industries Ltd [RILs] signing a Memorandum of Understanding [MoUs] for cooperation in gas sector on March 15, 2007 .
-Gail India Ltd delists securities from 'The Delhi Stock Exchange Association Limited' [DSEs] with effect from March 24, 2007.
-Gail India Ltd has appointed Shri. S Sundareshan, Additional Secretary, Ministry of Petroleum and Natural Gas [MoPNGs], as Part-time Director [Government Nominees] of Company, in place of Shri. Anil Razdan, Special Secretary [MoPNGs].
- Gail [Indias] Ltd has formed a joint venture with Indian Oil Corporation [IOCs] for gas distribution in Kolkata & other towns.
-Gail India Ltd has announced that the Comp. & ONGC on July 24, 2007 signed a Memorandum of Understanding [MoUs] for formation of Joint Venture.
- Gail India signs MoU with Transparency International India for Integrity Pact with Contractors.
-Gail India Ltd & Reliance Gas Transportation Infrastructure Ltd [RGTILs] have signed an Agreement for Transmission of natural gas from the Krishna Godavari [KGs] basin.
-GAIL signs Gas Cooperation Agreement with Government of Puducherry
2008
-The Comp. has issued Bonus Shares in the Ratio of 1:2.
