CIL, GAIL sign JV for setting up Coal to SNG Plant
Debasish Nanda, Director (Business Development) CIL and Shri. R K Singhal, Director (Business Development) GAIL inked the JVA on behalf of CIL and GAIL respectively.
Debasish Nanda, Director (Business Development) CIL and Shri. R K Singhal, Director (Business Development) GAIL inked the JVA on behalf of CIL and GAIL respectively.
Coal India has signed a Joint Venture agreement with GAIL for setting up a Coal to Synthetic Natural Gas plant through the surface coal gasification (SCG) technology route.
In separate filings, the IOC, HPCL, BPCL, GAIL, OIL and MRPL said they have been slapped with a fine of Rs 536,900 each for the fourth quarter. ONGC faced a fine of Rs 182,900.
Profit before Tax (PBT) for H1 FY24 stood at Rs 5,019 crore as compared to Rs 5,770 crore for the corresponding period in the previous year.
Sanjay Kumar assumed charge as Director (Marketing) of GAIL (India) Limited today.
Profit before Tax (PBT) in 2022-23 stood at Rs 6,584 crores as against Rs 13,590 crores in 2021-22.
Profit before Tax (PBT) for H1 FY23 stood at Rs5,770 crores as compared to Rs 5,736 crores for the corresponding period in the previous year. Profit after Tax (PAT) stood at Rs 4,452 crores as compared to Rs 4,393 crores in the corresponding period of the previous year.
Coal India Limited (CIL) is scheduled to sign agreements with three other major public sector undertakings - Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) - next week for setting up four Surface Coal Gasification (SCG) projects.
GAIL’s pipeline network will facilitate the supply of natural gas to 38 lakh domestic households, and CNG to more than 600 stations
The pilot project would help in the creation of a robust standard and regulatory framework in India to cover the aspects of injecting hydrogen into natural gas.