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The company’s current solar capacity is approximately 29 MW.
The aforementioned 600 MW solar project would also host a 550 MWh co-located battery energy storage system (BESS).
The project would be completed within a period of 15 months and the total cost of the same would be Rs 3,294.86 crore. The project would be funded via a mix of debt and equity.
GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc.
The company reported 19.5% drop in standalone net profit to Rs 1602.57 crore on a 2.5% fall in gross sales to Rs 34,075.81 crore in Q3 FY26 as compared with Q3 FY25.
The scrip had shed 0.26% to end at Rs 153.65 on the BSE on Monday.
The charter party agreement was executed between GAIL and Pantheon Maritime Services, a Singapore based affiliate of Alpha Gas.
The LNG carrier “Energy Fidelity,” with a cargo capacity of 174,000 cubic meters, is equipped with two-stroke propulsion system, complemented by advanced air lubrication technology and shaft generators, collectively enhancing fuel efficiency and significantly reducing emissions.
GAIL (India) Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 143.97, up 0.58% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is down around 0.1% on the day, quoting at 22946.3. The Sensex is at 74027.79, down 0.11%. GAIL (India) Ltd has dropped around 3.36% in last one month.
Meanwhile, Nifty Energy index of which GAIL (India) Ltd is a constituent, has dropped around 0.78% in last one month and is currently quoting at 35388.75, down 0.03% on the day. The volume in the stock stood at 78.6 lakh shares today, compared to the daily average of 165.13 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 144.12, up 0.37% on the day. GAIL (India) Ltd is down 16.57% in last one year as compared to a 1.82% gain in NIFTY and a 11.02% gain in the Nifty Energy index.
The PE of the stock is 12.14 based on TTM earnings ending December 25.
Speaking on the development, Deepak Gupta, chairman and managing director (MD), GAIL, said, “This partnership is fully in sync with our vision to integrate energy and digital infrastructure, leveraging the transformative potential of artificial intelligence (AI), all of which are pivotal to India’s development journey.”
Sanjai Kumar, chairman and managing director (MD), RailTel stated, “RailTel is committed to strengthening India’s digital backbone through robust and secure communication infrastructure. Our collaboration with GAIL will enable both organisations to combine their strengths in network infrastructure and technological capabilities to accelerate the expansion of reliable digital connectivity across the country.”
GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. The company reported 19.5% drop in standalone net profit to Rs 1602.57 crore on a 2.5% fall in gross sales to Rs 34,075.81 crore in Q3 FY26 as compared with Q3 FY25. The scrip declined 5.37% to Rs 147.25 on the BSE.
RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The company’s standalone net profit declined 4.07% to Rs 62.40 crore in Q3 FY26, compared with Rs 65.05 crore in Q3 FY25. However, revenue from operations rose 18.99% YoY to Rs 913.45 crore in Q3 FY26. The scrip tanked 3.64% to Rs 280.50 on the BSE.
The muted revenue performance was driven primarily by lower realizations and volumes in LPG and liquid hydrocarbons, partially offset by resilient transmission income and higher ‘other’ revenues.
Within the revenue mix, natural gas transmission revenue rose 0.5% YoY to Rs 2,476 crore, supported by largely stable pipeline throughput. In contrast, LPG transmission revenue declined 4.9% YoY to Rs 232 crore.
Gas marketing revenue fell 1.3% YoY to Rs 27,924 crore, reflecting pressure on trading margins despite steady sales volumes.
Petrochemicals revenue moderated 2.3% YoY to Rs 2,007 crore, while LPG and other liquid hydrocarbon revenues declined sharply by 39.6% YoY to Rs 850 crore, tracking lower volumes and realizations.
The ‘others’ segment revenue for Q3 FY26 was Rs 541 crore, up 19.2% YoY.
Excise duty charges rose 17.5% YoY to Rs 24.33 crore in the third quarter.
Total operating expenditure for the period review was Rs 31,396.26 crore, down 2.2% YoY.
Profit before tax in Q3 FY26 stood at Rs 2,030 crore, down by 59.6% from Rs 5,028.75 crore in Q3 FY25.
GAIL (India) and Mitsui O.S.K. Lines (MOL), Tokyo, entered into a long-term charter agreement for an LNG carrier named “GAIL BHUWAN”.
GAIL (India) and MOL share a long-standing business partnership, and this collaboration further strengthens cooperation in LNG shipping and energy logistics. Relying on MOL's proven track record in providing reliable transportation services— including its high standards of safety and quality—and strong partnership, this contract has been signed between GAIL (India) and LNG Japonica Shipping Corporation , a Joint Venture between GAIL (India) (26%) and MOL (74%).
The agreement marks an important milestone under the ‘Maritime Amrit Kaal Vision 2047', reinforcing India's maritime and energy supply chain capabilities. Both GAIL (India) and MOL have set the ambitious net zero emission targets, and this agreement contributes to the realization of a low- and decarbonized society.