GAIL (India) Limited
GAIL (India) Limited is India’s largest natural gas company having a market share of over 75% in natural gas transmission. Apart from natural gas transmission, distribution and processing, the Company has diversified business interests in LPG transmission, petrochemicals, city gas projects and Exploration and Production activities. The Company has presence in Egypt and China through city gas projects and in Myanmar in E & P. GAIL has recently acquired its first shale gas assets in the USA through its wholly owned US subsidiary GAIL Global (USA) Inc. The subsidiary company has executed definitive agreements with Carrizo Oil & Gas Inc. based in Houston, Texas, to enter into an unincorporated joint venture, under which GAIL Global (USA) Inc. will acquire a 20% interest in Carrizo’s Eagle Ford Shale acreage position
GAIL has set up a wholly- owned subsidiary company viz. GAIL Global (Singapore) Pte. Ltd. in Singapore.
The Company recorded a Turnover of Rs. 56,569 crore (USD 9 billion approx..) and Profit After Tax of Rs. 3,039 crore (USD 500 million approx..) in the year 2014-15.
GAIL possesses about 11,000 km of natural gas pipeline transmission network with a capacity of 220 MMSCMD and is laying new natural gas pipelines measuring 5000 km. involving a capex of nearly US $ 4 billion, which shall enhance the transmission capacity to around 300 MMSCMD.