GAIL (India) Limited, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas and India’s largest natural gas company was accorded the Maharatna status by the Government of India. It is also the youngest Public Sector Undertaking to be accorded this recognition. This is the latest in the series of recognitions received by GAIL. In the recent past, GAIL has been recognized as Asia’s no. 1 Gas Utility and the world’s No. 1 Downstream company apart from consistent excellence awards for MoU performance.
The Maharatna status will provide greater flexibility in day to day operations of the Company with enhanced powers to accord approvals, to make equity investment to establish financial JVs and wholly owned subsidiaries and undertake mergers and acquisitions (M&As) in India or abroad.
GAIL started in 1984 as a single pipeline project company and has today emerged as an integrated natural gas company with activities spread across the entire value chain – from gas transportation and marketing to processing for Liquid Hydrocarbons and polymers, pioneering CGD in the country, gas sourcing including signing a first-of-its-kind R-LNG deal with Cheniere, USA and being the first PSU to buy acreage in Shale Gas in the US. GAIL has also recently commissioned the LNG Terminal at Dabhol as owner’s engineer and is the operator of the terminal.
In the past 3-4 years, GAIL has earned recognition and respect internationally as a leading and innovative player in the Asian gas market. The recent initiatives have the potential of far reaching impact in ensuring future supplies and the energy security of the country.
GAIL (India) Ltd., is India's principal Natural Gas Company with activities ranging 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.
The Maharatna status will provide greater flexibility in day to day operations of the Company with enhanced powers to accord approvals, to make equity investment to establish financial JVs and wholly owned subsidiaries and undertake mergers and acquisitions (M&As) in India or abroad.
GAIL started in 1984 as a single pipeline project company and has today emerged as an integrated natural gas company with activities spread across the entire value chain – from gas transportation and marketing to processing for Liquid Hydrocarbons and polymers, pioneering CGD in the country, gas sourcing including signing a first-of-its-kind R-LNG deal with Cheniere, USA and being the first PSU to buy acreage in Shale Gas in the US. GAIL has also recently commissioned the LNG Terminal at Dabhol as owner’s engineer and is the operator of the terminal.
In the past 3-4 years, GAIL has earned recognition and respect internationally as a leading and innovative player in the Asian gas market. The recent initiatives have the potential of far reaching impact in ensuring future supplies and the energy security of the country.
GAIL (India) Ltd., is India's principal Natural Gas Company with activities ranging 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.
MAHARATNA CPSES
Navratna CPSEs
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