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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.
Dividend paying stocks like GAIL (India) Limited (NSE:GAIL) tend to be popular with investors, and for good reason...
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On 27 June 2014 a massive fire broke out following a blast in Gas Authority of India Limited (GAIL) 18" size underground gas Pipeline [1] at Nagaram in East Godavari district of Andhra Pradesh, India. [2] The accident took place near Tatipaka refinery of Oil and Natural Gas Corporation (ONGC), about 180 km from state capital Vijayawada. [3] [4]
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]
Its promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL). The authorized capital is Rs. 3,000 crore ($420 million approx). [5] The company selected Gaz de France as its strategic partner.
IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in Delhi. The company started as a joint venture between GAIL, Bharat Petroleum and the Government of Delhi to implement a city gas distribution network.
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