GAIL (India) Share Price

GAIL (India) Ltd: Fundamental Analysis of GAIL (India) Ltd

The Indian government established GAIL Limited, an energy business in natural gas trading, transmission, and distribution. It also generates renewable energy, such as wind and solar energy. Moreover, it handles the production of electricity and telecom and telemetry services. It owns and operates a natural gas pipeline network over 13,340 kilometres (km).

About GAIL India share price target Ltd

With its main headquarters in New Delhi, GAIL (India) Ltd. has 4,705 full-time workers throughout its numerous business divisions. Transmission services, LPG, petrochemicals, natural gas marketing, and liquid hydrocarbons are a few of them. Natural gas and liquid petroleum gas are included in the transmission services (LPG).

The other varied segments are City Gas Distribution (CGD), GAIL Telecommunications (GTL), Exploration and Production (E&P), and Electricity Generation. Given the limited resources, GAIL India Ltd supplies and trades natural gas, LPG, liquid hydrocarbons, and petrochemicals.

It also pumps natural gas and LPG through pipeline distribution and operates the Research Center. Some of them are GAIL Global (Singapore) PTE Ltd, GAIL Global (USA) Inc. GAIL GAS Limited, TNLGCL Bengalgas KLL

On June 6, the GAIL share price NSE stood at ₹ 207. 85.

Oil and Natural Gas Industry Overview

The size of the world market for oil and gas was estimated at USD 6,585.54 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.80% from 2023 to USD 8,568.72 billion by 2030. Supply and demand dynamics, technical breakthroughs, and geopolitical considerations influence the global market.

Low interest rates in many developed nations are estimated to positively affect the oil and natural gas industry during the forecast period. According to the report, the market will reach 38.12 billion cubic metres in 2024 and is projected to grow to 49.12 billion cubic metres by 2029, reflecting a CAGR of 5.20% during this period. Because of this, the GAIL India share price will likely increase.

GAIL (India) Ltd Competitors

Some of GAIL India Ltd's significant competitors include:

• Adani Total Gas
• Petronet LNG
• Gujarat Gas

GAIL Share Price History (India) Ltd

• 1984: GAIL (India) Ltd. was established in August 1984 as a central public sector undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). It was one of the world's most significant cross-country natural gas pipeline projects.
• 1986: The HVJ pipeline contract valued at Rs 722.49 crore was signed on May 10, 1986. The pipe laying work for the Hazira – Vijaipur section was completed by the middle of June 1987 and energised by the end of July 1987.
• 1990: In November 1988, GAIL approved to invest ₹ 300 crore to set up an LPG extraction plant at Vijaipur.
• 1994: Mahanagar Gas Limited was incorporated, and it obtained a certificate to commence business and implement the Bombay City Gas Distribution project.
• 1995: Vijaipur propane recovery plants were commissioned.
• 1996: The GAIL (India) Ltd went public.
• 1997: The Government of India acknowledged GAIL's 'Excellent' track record and was granted the Navratna Status.
• 1997: After allocating 0.33 MMSCMD of gas for the City Gas Distribution Project in Delhi, GAIL launched the Pilot Project to supply Domestic and Commercial consumers in the city.
• 2001: The Jamnagar—Loni LPG pipeline, the world's longest and India's first cross-country LPG pipeline, was commissioned in 2000-01. It passes through Gujarat, Rajasthan, Haryana, Delhi, and UP.
• 2003: The first successes of GAIL's E&P activities were the gas discovery in the A 1 block in Myanmar and the oil and gas discovery in the Cambay block.
• 2009: The GAIL (India) Ltd diversified into renewable sources such as Wind energy.
• 2011: GAIL (India) Limited acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc.
• 2012: Another milestone was the signing of GSPA to purchase gas from Turkmenistan between the Chairman and Managing Director of GAIL (India) Limited, BC Tripathi, and the Chairman, Turkmengaz, Sahatmurad Mamedov, in the presence of Union Minister for Petroleum and Natural Gas, Jaipal Reddy, took place at Ashgabat.
• 2023: GAIL inaugurated a unique SARATHI centre to digitise and centralise the payment process.

Company Profile – Strengths and weaknesses

Strengths

• Strong market position
• Highly efficient integrated operations
• The company got the Maharatna status, which the Indian Government confirms
• Presence in the Polymer sector

Weaknesses

• Revenue concentration: Economic slowdown and government regulations
• The government's control may affect GAIL's operations and growth

The financials

Shareholding pattern of GAIL India Ltd

Here's the shareholding pattern of GAIL India Ltd:

• Promoters: 51.53%
• FII: 19.62%
• DII: 23.83%
• Public: 4.75%

GAIL has a great mix of promoters and institutional and public shareholders, clearly showing the company's positive investment appeal to investors.

*The shareholding data is as of March 2024 and may change over time.

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