GAIL, or GAIL India Limited, (erstwhile Gas Authority of India Limited), is one of India’s largest Public SectorUndertaking (PSU).

Youngest Navratna Company.

GAIL (India) Ltd. had reported a Profit After Tax (PAT) of Rs19.47bn for the year ended March 31, 2005, as against Rs18.69bn in the year ended March 31, 2004.Turnover (excluding internal consumption and net of excise duty) was up 15 % at
Rs 124.35 bn up from Rs 108.27 bn for the fiscal year 2003-04.Gas transmission was at 72.86 MMSCMD compared to 62.84 MMSCMD in the previous financial year. LPG transmission was up 16 % at 2.14 MT from 1.84 MT in FY04. Polymer sales grew by 17% to 319,000 MT from 273, 000 MT in the last financial year.

GAIL (India) Limited is the company having seven (7) verticals in their business areas namely:

1. Natural Gas Transportation
2. LPG Production
3. LPG Transportation (World’s largest exclusive LPG pipeline is owned by GAIL from Jamnagar to Loni)
4. Petrochemicals
5. Exploration & Production
6. GAILTEL
7. LPG retailing (GAIL is planning to start this activity from April 2006, for which the license has been already obtained from the Ministry of Petroleum & Natural Gas.

Objectives

Subsequent to giant gas finds in the late 1970’s to develop the localised natural gas markets, the Government of India set up the Gas Authority of India Limited on August 16, 1984 with the following objectives:

* Augmentation and setting up of necessary plants and infrastructure facilities for utilisation of natural gas obtained from the country or from sea or from other countries.

* To transport, treat, fractionate, purify and market natural gas fractions.

* To formulate plans for proper utilisation of natural gas fractions in close coordination with the government and concerned industries, including industrial users.

* To plan, design and construct pipelines, systems and related facilities for collection, treatment, fractionation and marketing of natural gas fractions.

* To promote research and development in natural gas transmission, treatment and processing. Also to develop more efficient uses for natural gas.

Summary of Awards

GAIL (India) Limited bags first prize in “Young IT Professional Award 2005 (North)” Conducted by Computer Society of India ( CSI ) For E-Investment of Surplus Funds

1. GAIL, Vijaipur bags Greentech Safety Gold Award - 2006 for the third consecutive year.

2. GPU, Gandhar bags Greentech Safety Gold Award - 2006 for the second consecutive year.

3. GAIL, VSPL system bags Greentech Safety Gold Award - 2006.

4. GPU, Vaghodia bags Greentech Safety Gold Award -2006.

5. GAIL, Agartala achieved Internal Excellent MoU target for gas sales for the year 2005 - 06, sixteen days ahead of schedule.