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GAIL is India's major producer of propane, popularly known as GAIL Propane. It is an eco-friendly fuel and provides an effective way of reducing pollution and increasing productivity. GAIL produces and markets pentane. It is primarily being used for reprocessing into iso, normal and commercial pentane used in EPS, PU, and LAB industries.
Indane serves more than 130 million families through a network of 12,500 distributors. 27% of its customers reside in semi-urban or rural markets and every second LPG cooking gas connection in India is that of Indane. The sales network is backed by 47 Indane area offices. The brand has been awarded the title of "Superbrand" by Superbrand India. [6]
The company started as a joint venture between GAIL, Bharat Petroleum and the Government of Delhi to implement a city gas distribution network. [ 3 ] The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange .
The deal was initially expected to be finalized by 31 March 2020, [7] but the non-binding agreement was instead terminated in November 2020 due to low LNG prices adversely affecting the investment case. [8] On 6 February 2024, Petronet LNG signed a supply deal with QatarEnergy for 7.5 million metric tons a year of LNG from 2028 to 2048.
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However, in contrast, what the United States calls liquefied petroleum gas is known generically in the United Kingdom as 'LPG'; and it may be ordered using by one of several Trade names, or specifically as butane or propane depending on the required heat output.
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It was founded on 14 August 1956 by the Government of India. In November 2010, the Government of India conferred the Maharatna status to ONGC. In a survey by the Government of India for fiscal year 2019–20, it was ranked as the largest profit making Central Public Sector Undertaking (PSU) in India.