# GAIL (GAIL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/gail

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹173.9
- Change: +1.10%
- As of: 2026-09-18
- 1D return: +1.10%
- 5D return: -0.34%
- 1M return: +0.81%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, GAIL's stock is trading at ₹173.9, showing a mixed technical stance across different timeframes. Daily and monthly timeframes indicate bullish trends, with prices trading above key moving averages and the Supertrend indicator. However, the daily trend shows signs of consolidation, with a slight downward slope in short-term moving averages (EMA 20 slope of -0.78 over 5 periods). The weekly timeframe also presents a bullish Supertrend, but with a lower ADX of 9.88, suggesting weaker trend strength in the short term. Recent patterns include an active "Morning Star" formation on the daily chart and a "Doji" on the monthly chart, both potentially signaling indecision or a shift in momentum.

The stock is currently positioned within its recent trading range, approximately 59% of the way up the 20-period range and 75% of the way up the 252-period range. Nearest support is observed around ₹173.6, followed by ₹172.8. Resistance is noted at ₹174.38, with further levels at ₹176.75. The stock exhibits moderate risk, with an annualized volatility of 27% and a current drawdown of -13%.

Key watch conditions include monitoring the price action around the ₹174.38 resistance level. A sustained move above this level could indicate renewed upward momentum. Conversely, a break below the ₹172.8 support level may signal further consolidation or a potential trend weakening.

- Daily and monthly timeframes show bullish trends, with prices above key moving averages and the Supertrend.
- Weekly trend strength is moderate, indicated by a lower ADX of 9.88.
- Nearest support levels are ₹173.6 and ₹172.8; nearest resistance is ₹174.38.
- Active daily "Morning Star" and monthly "Doji" patterns suggest potential shifts in momentum.
- Watch for a sustained move above ₹174.38 for potential upside confirmation, or a break below ₹172.8 as a weakening signal.

- Doji
- Morning Star
- Bearish Engulfing Reversal
- Evening Star
- Inside Bar

### News Context

GAIL (India) received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) on September 16, 2026, to transfer six city gas distribution areas to its subsidiary, Gail Gas. This move is a precursor to Gail Gas's initial public offering (IPO), through which it plans to raise ₹3,000 crore and aims to list by the end of the current financial year. Following the IPO, GAIL India will divest a minority stake in its subsidiary. Separately, on September 18, 2026, the company announced the appointment of a director at a board meeting. In broader market context, India continued to secure Liquefied Natural Gas (LNG) cargoes despite price increases, with demand expected to be supported by the city gas and fertilizer sectors, according to a report on September 17, 2026. This comes as Asian LNG demand is projected to decline, though India and Bangladesh remain buyers.

- On September 16, 2026, GAIL India received PNGRB approval to transfer six city gas distribution areas to Gail Gas, enabling the subsidiary's IPO.
- Gail Gas plans to raise ₹3,000 crore through its IPO and aims for a listing by the end of the current financial year.
- GAIL India will dilute a minority stake in Gail Gas post-IPO.
- A new director was appointed to GAIL India's board on September 18, 2026.
- India continues to purchase LNG cargoes despite rising prices, with demand supported by city gas and fertilizer sectors, as reported on September 17, 2026.

- Board of GAIL (India) appoints director
- LNG gets too hot for Asia at $26, but India keeps buying
- Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform
- Gail India Gets PNGRB approval to transfer city gas assets to subsidiary
- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### What Changed

On September 18, 2026, GAIL (India) Limited announced a change in its directorship. The Ministry of Petroleum and Natural Gas nominated Shri Manoj Kumar Sharma as Director (Projects), effective from his assumption of charge until his superannuation on April 30, 2031. The Board approved his appointment as an Additional Director on the same date. Shri Sharma brings over three decades of experience in the oil and gas sector, holding a Master's in Mechanical Engineering and a PGDM from XIMB. This appointment follows a board meeting held on September 18, 2026. The company's stock closed at ₹173.9 on September 18, 2026, a slight increase from its previous closing price of ₹172.0.

- On September 18, 2026, GAIL (India) Limited appointed Shri Manoj Kumar Sharma as Director (Projects).
- Shri Sharma's appointment is effective from his assumption of charge until April 30, 2031.
- The Board approved Shri Sharma's appointment as an Additional Director on September 18, 2026.
- GAIL's stock closed at ₹173.9 on September 18, 2026, up from ₹172.0 previously.

- Board of GAIL (India) appoints director
- GAIL (India) Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)

### Official Filings

GAIL (India) Limited has announced a change in its board leadership with the nomination of Shri Manoj Kumar Sharma as Director (Projects). This appointment, effective from his assumption of charge until April 30, 2031, was approved by the Board on September 18, 2026. Shri Sharma brings over three decades of experience from the oil and gas sector, holding a Master’s in Mechanical Engineering and a PGDM from XIMB. The company also confirmed the appointment of M/s Ravi Rajan & Co. LLP and M/s Arun K Agarwal & Associates as Joint Statutory Auditors for the financial year 2026-2027, effective September 7, 2026, tasked with auditing both the company's and its consolidated financial statements. In other developments, GAIL participated in the 'MC2 Plus Hyderabad Connect' event on September 7, 2026, aimed at fostering innovation and entrepreneurship in the energy sector, with potential funding opportunities for startups. The company also engaged with investors at the 22nd UBS India Summit on September 10, 2026, and attended an 'Asia Energy Security Field Trip' investor group meeting on September 21, 2026, stating no unpublished price-sensitive information would be shared at these events. Shareholders approved all resolutions at the 42nd Annual General Meeting on August 27, 2026, including a final dividend of ₹0.50 per share for FY 2025-26 and re-appointments of directors.

- Shri Manoj Kumar Sharma appointed Director (Projects) effective September 18, 2026, with tenure until April 30, 2031.
- M/s Ravi Rajan & Co. LLP and M/s Arun K Agarwal & Associates appointed Joint Statutory Auditors for FY 2026-27, effective September 7, 2026.
- GAIL hosted 'MC2 Plus Hyderabad Connect' on September 7, 2026, to promote energy sector innovation.
- Company officials attended the 22nd UBS India Summit on September 10, 2026, for investor meetings.
- Shareholders approved a final dividend of ₹0.50 per share for FY 2025-26 at the AGM on August 27, 2026.

- GAIL (India) Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- GAIL (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- GAIL (INDIA) LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Appointment of Joint Statutory Auditor(s) for FY 2026-27 |SUBJECT: Appointment
- GAIL (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- GAIL (India) Limited has informed the Exchange regarding a press release dated September 07, 2026, titled " GAIL (India) Limited and Petronet LNG Limited host MC² Plus Hyderabad Connect to Accelerate Innovation and Entrepreneurship in the Energy Sector ". |SUBJECT: Press Release
- GAIL (INDIA) LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- GAIL (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- GAIL (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 27, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting

### Fundamentals

GAIL (India) reported a mixed operational performance across recent periods. For the quarter ending September 2025, Revenue from Operations stood at ₹35,537 crore, with Operating Profit at ₹3,460 crore and an Operating Profit Margin (OPM) of 10.0%. Net Profit for the same period was ₹1,989 crore.

Looking at the reported historical data, the company's Net Profit has shown fluctuations. For the year ending March 2023, Net Profit was ₹5,596 crore, increasing to ₹9,903 crore for the year ending March 2024. Projections indicate a Net Profit of ₹12,463 crore for the year ending March 2025 and ₹7,582 crore for the year ending March 2026. Earnings Per Share (EPS) followed a similar trend, with ₹8.54 in March 2023, ₹15.06 in March 2024, a projected ₹18.93 in March 2025, and ₹11.53 in March 2026.

Financially, Borrowings have increased from ₹17,816 crore in March 2023 to ₹21,794 crore in March 2024, with projections showing a slight decrease to ₹21,595 crore by March 2025 before rising to ₹24,831 crore by March 2026. Correspondingly, Fixed Assets have grown from ₹49,697 crore in March 2023 to ₹55,188 crore in March 2024, with further increases projected. The company's Cash Flow from Operations (CFO) was ₹12,586 crore in March 2024, a significant increase from ₹3,205 crore in March 2023, with projections of ₹15,727 crore for March 2025 and ₹11,249 crore for March 2026. Free Cash Flow was ₹98 crore in March 2024, a substantial improvement from a negative ₹5,548 crore in March 2023, with a projected ₹7,818 crore for March 2025 and ₹2,451 crore for March 2026.

Key areas to monitor include the trend in Operating Profit Margins, the management of borrowings against fixed asset expansion, and the consistency of operating cash flow generation.

- For the quarter ending September 2025, GAIL reported Revenue from Operations of ₹35,537 crore, Operating Profit of ₹3,460 crore, and Net Profit of ₹1,989 crore.
- Net Profit for the year ending March 2024 was ₹9,903 crore, with a projected ₹12,463 crore for March 2025 and ₹7,582 crore for March 2026.
- EPS was ₹15.06 for the year ending March 2024, projected at ₹18.93 for March 2025 and ₹11.53 for March 2026.
- Borrowings increased to ₹21,794 crore by March 2024, while Fixed Assets grew to ₹55,188 crore.
- Cash Flow from Operations was ₹12,586 crore in March 2024, with Free Cash Flow at ₹98 crore in the same period.

### Bull Case

GAIL (India) has demonstrated growth in its operational cash flow, increasing from ₹7,984 crore in March 2019 to ₹8,345 crore in March 2020. This growth is accompanied by an increase in cash from financing activities, which moved from a negative ₹3,364 crore in March 2019 to a positive ₹281 crore in March 2020. The company's balance sheet shows an expansion in fixed assets, rising from ₹32,700 crore in March 2019 to ₹38,230 crore in March 2020, alongside an increase in capital work-in-progress (CWIP) from ₹9,738 crore to ₹11,666 crore over the same period. Additionally, equity capital has grown from ₹2,255 crore to ₹4,510 crore, and reserves have seen an increase from ₹43,749 crore to ₹44,758 crore. Technically, the stock exhibits a bullish trend on both daily and weekly timeframes, with the Supertrend indicator suggesting a bullish direction.

- Cash from operating activities increased to ₹8,345 crore in March 2020 from ₹7,984 crore in March 2019.
- Cash from financing activities turned positive at ₹281 crore in March 2020, compared to a negative ₹3,364 crore in March 2019.
- Fixed assets grew to ₹38,230 crore in March 2020 from ₹32,700 crore in March 2019.
- Equity capital increased to ₹4,510 crore in March 2020 from ₹2,255 crore in March 2019.
- The stock's Supertrend indicator shows a bullish direction on daily and weekly timeframes as of September 18, 2026.

- Board of GAIL (India) appoints director
- LNG gets too hot for Asia at $26, but India keeps buying
- Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform
- Gail India Gets PNGRB approval to transfer city gas assets to subsidiary
- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### Bear Case

GAIL (India) exhibits several financial and operational constraints that warrant a cautious outlook. The company's borrowings have significantly increased, rising from ₹2,224 crore in March 2019 to ₹6,912 crore in March 2020. Concurrently, Capital Work In Progress (CWIP) has also grown from ₹9,738 crore to ₹11,666 crore over the same period, indicating substantial ongoing capital expenditure. This increase in debt and CWIP, coupled with a decrease in Free Cash Flow from ₹443 crore in March 2019 to a negative ₹890 crore in March 2020, suggests potential pressure on liquidity and financial flexibility. While total assets have grown, this growth is largely financed by increased liabilities, with total liabilities mirroring total assets at ₹74,934 crore in March 2020. The company's investments have also seen a reduction, decreasing from ₹10,722 crore in March 2019 to ₹9,893 crore in March 2020.

- Borrowings increased from ₹2,224 crore (Mar 2019) to ₹6,912 crore (Mar 2020).
- Capital Work In Progress (CWIP) rose from ₹9,738 crore (Mar 2019) to ₹11,666 crore (Mar 2020).
- Free Cash Flow turned negative, decreasing from ₹443 crore (Mar 2019) to -₹890 crore (Mar 2020).
- Investments decreased from ₹10,722 crore (Mar 2019) to ₹9,893 crore (Mar 2020).

- Board of GAIL (India) appoints director
- LNG gets too hot for Asia at $26, but India keeps buying
- Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform
- Gail India Gets PNGRB approval to transfer city gas assets to subsidiary
- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### FAQs

**How has GAIL's balance sheet structure changed between March 2019 and March 2020?**

Between March 2019 and March 2020, GAIL's total assets increased from ₹68,426 crore to ₹74,934 crore, while total liabilities also increased from ₹68,426 crore to ₹74,934 crore. Key changes include an increase in Borrowings from ₹2,224 crore to ₹6,912 crore, and an increase in Equity Capital from ₹2,255 crore to ₹4,510 crore. Fixed Assets grew from ₹32,700 crore to ₹38,230 crore, while CWIP (Capital Work-in-Progress) rose from ₹9,738 crore to ₹11,666 crore. Investments decreased from ₹10,722 crore to ₹9,893 crore.

**What has been GAIL's cash flow performance in the last two fiscal years?**

In the fiscal year ending March 2020, GAIL reported Cash from Operating Activity of ₹8,345 crore, an increase from ₹7,984 crore in March 2019. Cash from Investing Activity was a outflow of ₹8,299 crore in March 2020, compared to an outflow of ₹5,701 crore in March 2019. Cash from Financing Activity was an inflow of ₹281 crore in March 2020, a significant change from an outflow of ₹3,364 crore in March 2019. Free Cash Flow turned negative at -₹890 crore in March 2020, from a positive ₹443 crore in March 2019. Net Cash Flow was positive at ₹328 crore in March 2020, compared to a negative ₹1,081 crore in March 2019.

**What is GAIL's recent news regarding its subsidiary and potential IPO?**

GAIL (India) has received approval from the PNGRB to transfer six city gas distribution areas to its subsidiary, Gail Gas. This move is a step towards Gail Gas proceeding with its initial public offering (IPO), through which it plans to raise ₹3,000 crore. The subsidiary aims to list its shares by the end of the current financial year, at which point GAIL India will dilute a minority stake.

**What are the recent official announcements from GAIL?**

On September 18, 2026, GAIL announced the appointment of Shri Manoj Kumar Sharma as Director (Projects), effective from his assumption of charge until April 30, 2031. On September 9, 2026, the Comptroller & Auditor General of India appointed M/s Ravi Rajan & Co. LLP and M/s Arun K Agarwal & Associates as Joint Statutory Auditors for the financial year 2026-2027. GAIL also informed about upcoming investor meetings on September 14, 2026, for an 'Asia Energy Security Field Trip' on September 21, 2026.

**What is the current technical trend for GAIL (India) based on recent data?**

As of September 18, 2026, GAIL (India) is showing a bullish trend on daily, weekly, and monthly timeframes according to its Supertrend indicator. The daily trend shows the closing price at ₹173.9, with the Supertrend at ₹165.79. The weekly trend has the Supertrend at ₹152.75, and the monthly trend has the Supertrend at ₹116.25. Nearest support levels are around ₹173.6 and ₹172.8, while nearest resistance levels are around ₹174.38 and ₹176.75.

- Board of GAIL (India) appoints director
- LNG gets too hot for Asia at $26, but India keeps buying
- Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform
- Gail India Gets PNGRB approval to transfer city gas assets to subsidiary
- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL
- GAIL (India) Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- GAIL (India) Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- GAIL (INDIA) LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Appointment of Joint Statutory Auditor(s) for FY 2026-27 |SUBJECT: Appointment
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹172.02
- Risk regime: Price Risk Currently Contained

### Support levels
- 161.40140625
- 159.61
- 157.4146875

### Resistance levels
- 176.755
- 182.38
- 186.36080078125002

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.10% |
| return_10 | -0.44% |
| return_1m | +0.23% |
| return_1y | -3.90% |
| return_20 | +0.81% |
| return_3m | -1.44% |
| return_5 | -0.34% |
| return_6m | +15.20% |
| return_since_start | -9.00% |
| return_ytd | +1.24% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -32.33% |
| annualized_volatility | +27.28% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Outpaces Expense Growth, Driving Sharp Profit Increase

GAIL (India) Limited reported a substantial expansion in profitability for the quarter ended 30 June 2026. Revenue from operations increased by 15.8% compared to the previous quarter, while total expenses rose by only 1.6%. This divergence pushed profit before tax up by nearly threefold, reversing a four-quarter downward trend. Net profit also more than tripled, supported by a lower effective tax rate. Other comprehensive income swung to a loss, and finance costs continued to rise.

## Revenue and Expense Divergence

Revenue from operations rose to ₹41,350.18 crore in Q1 FY2026-27, up from ₹35,705.49 crore in Q4 FY2025-26, a 15.81% increase. Over the same period, total expenses grew modestly to ₹35,557.81 crore from ₹34,988.73 crore, a 1.63% rise. The gap between revenue and expense growth was similarly pronounced on a year-over-year basis. Revenue increased 16.71% from ₹35,428.81 crore in Q1 FY2025-26, while expenses grew 7.86% from ₹32,965.71 crore. The wider revenue expansion relative to cost increases created a significantly larger profit pool for the quarter.

## Profitability and Tax

Profit before tax (PBT) increased to ₹5,924.84 crore, up from ₹1,508.18 crore in the prior quarter, a 292.85% rise. Net profit (profit for the period) followed a similar trajectory, rising to ₹4,670.99 crore from ₹1,481.46 crore, an increase of 215.3%. This quarter’s result marks a sharp reversal of a steady decline over the preceding four quarters, with PBT falling from ₹2,607.23 crore in Q1 FY2025-26 to ₹1,508.18 crore in Q4 FY2025-26. Year-over-year, PBT more than doubled, up 127.25% from ₹2,607.23 crore.

Tax expense rose to ₹1,596.57 crore from ₹484.91 crore in the prior quarter. The effective tax rate declined from 32.15% in Q4 to 26.95% in Q1, which contributed to the larger net profit relative to pre-tax earnings.

## Segment Profit Reconciliation

Profit before tax from reportable segments increased to ₹6,267.56 crore from ₹1,966.37 crore in the prior quarter, a 218.74% rise. The difference between segment PBT and total PBT, which captures unallocated corporate items, narrowed from ₹458.19 crore in Q4 to ₹342.72 crore in Q1. The profit expansion was overwhelmingly driven by the operating segments, with only a minor contribution from the reduction in unallocated corporate expenses.

## Finance Costs and Other Comprehensive Income

Finance costs increased to ₹318.96 crore from ₹263.07 crore in the prior quarter, a 21.25% rise. Over the past year, finance costs have grown 49.8%, from ₹212.92 crore in Q1 FY2025-26.

Other comprehensive income (OCI) swung from a gain of ₹1,386.93 crore in Q4 to a loss of ₹326.78 crore in Q1. OCI has been volatile over the trailing five quarters, recording losses in four of them. Because OCI bypasses the income statement, it does not affect reported net profit, but it reduces total comprehensive income and equity.

## Management Commentary

GAIL reported standalone Net Profit After Tax of ₹4,292 crore for Q1 FY2026-27, reflecting a significant increase from the previous quarter. The Board approved the merger of Konkan LNG Limited to enhance vertical integration and operational efficiencies. Management guided annual capital expenditure of approximately ₹11,500 crore, prioritizing operational capex and investments in pipelines and renewables. However, the company faces regulatory risks regarding PNGRB tariff orders and a contingent liability of ₹2,889 crore from a CESTAT order, alongside governance concerns over the lack of independent directors.

## Key Takeaway

GAIL’s quarter ended 30 June 2026 was defined by a sharp revenue expansion that outpaced a modest rise in expenses, resulting in a substantial increase in profitability. The improvement reversed a four-quarter profit decline and was primarily driven by operating segments. While finance costs continued to climb and OCI swung to a loss, the core earnings metrics showed a clear and material improvement compared to both the prior quarter and the same period last year.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_18092026120416_Manoj_Kumar_Sharma.pdf)
- 2026-09-14 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_14092026171111_Schedule_Analyst.pdf)
- 2026-09-14 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1594_WebXMLFile_20260914_171028631.xml)
- 2026-09-09 — Management Change: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_09092026172313_Auditor.pdf)
- 2026-09-09 — Management Change: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_09092026172555_Auditor.pdf)
- 2026-09-09 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1594_WebXMLFile_20260909_172906454.xml)
- 2026-09-08 — Press Release: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_08092026180925_PR08092026.pdf)
- 2026-09-06 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1594_WebXMLFile_20260906_120859094.xml)
- 2026-09-03 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_03092026155026_Analyst03092026.pdf)
- 2026-08-28 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_28082026130421_Evoting_Letter_Signed.pdf)
- 2026-08-27 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_27082026163847_Proceedings.pdf)
- 2026-08-26 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_26082026153043_Reg30_Fine.pdf)
- 2026-08-24 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1594_WebXMLFile_20260824_151042507.xml)
- 2026-08-23 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GAIL_23082026195007_Rupaji.pdf)
- 2026-08-21 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1594_WebXMLFile_20260821_173724298.xml)
- 2026-08-15 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1594_WebXMLFile_20260815_183514280.xml)
- 2026-08-15 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/Himanshugail_15082026181556_LalitBhatt.pdf)
- 2026-08-11 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1594_WebXMLFile_20260811_145344307.xml)
- 2026-08-11 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVIKA_11082026103832_Director.pdf)
- 2026-08-06 — Generic Announcement: GAIL (India) Limited will attend analyst and institutional investor meetings and conferences from August 13, 2026, to September 22, 2026. These include the Emkay Confluence on August 13, the Equirus Annual India Investor Conference on August 14, the Ashwamedh – Elara India Dialogue on September 1, and the JP Morgan India Conference on September 22. No Unpublished Price Sensitive Information will be shared during these events. — [Official attachment](https://nsearchives.nseindia.com/corporate/Himanshugail_06082026172941_Analyst_Schedule.pdf)
- 2026-08-06 — Generic Announcement: GAIL (India) Limited has published a newspaper notice regarding the dispatch of the notice and annual report for its 42nd Annual General Meeting (AGM). This action is in compliance with SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/Himanshugail_06082026171404_Newpaper_Letter_Signed.pdf)
- 2026-08-06 — Generic Announcement: GAIL (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1594_WebXMLFile_20260806_173432575.xml)
- 2026-08-05 — Generic Announcement: GAIL (India) Limited will hold its 42nd Annual General Meeting on August 27, 2026, via video conference. The meeting will include the adoption of the FY 2025-26 financial statements, a proposed final dividend of 5% (Re 0.50 per share), and the re-appointment of Directors R K Singhal and Ayush Gupta. Additionally, the appointment of Rohit Mathur as Government Nominee Director and Satish Kumar Sinha as Director (Finance) will be proposed for shareholder approval. The remuneration of Cost Auditors for FY 2025-26, amounting to ₹24,00,000 plus applicable taxes, will also be presented for ratification. — [Official attachment](https://nsearchives.nseindia.com/corporate/Himanshugail_05082026170101_Letter_Notice_signed.pdf)
- 2026-08-05 — Generic Announcement: GAIL (India) Limited will hold its 42nd Annual General Meeting on August 27, 2026, via video conference. The meeting will include the adoption of the FY 2025-26 financial statements, a proposed final dividend of 5% (Re 0.50 per share), and the re-appointment of Directors R K Singhal and Ayush Gupta. Additionally, the appointment of Rohit Mathur as Government Nominee Director and Satish Kumar Sinha as Director (Finance) will be proposed for shareholder approval. The remuneration of Cost Auditors for FY 2025-26, amounting to ₹24,00,000 plus applicable taxes, will also be presented for ratification. — [Official attachment](https://nsearchives.nseindia.com/corporate/DEVIKA_05082026134417_Letter_Notice_signed.pdf)
- 2026-08-05 — Official Filing: GAIL (INDIA) LIMITED will hold its 42nd Annual General Meeting on August 27, 2026, at 11:30 AM in New Delhi, conducted via Video Conference or Other Audio-Visual Means. The agenda includes adopting financial statements for FY2026, declaring a 5% final dividend, appointing/re-appointing directors Shri Rajeev Kumar Singhal, Shri Ayush Gupta, Shri Rohit Mathur, and Shri Satish Kumar Sinha, and ratifying the remuneration of cost auditors. The meeting will also seek approval for material related party transactions with Petronet LNG Limited (INR 383 billion), Indraprastha Gas Limited (INR 135 billion), Mahanagar Gas Limited (INR 68 billion), and Ramagundam Fertilizers and Chemicals Limited (INR 55 billion) for the period from the 42nd AGM until the 43rd AGM.

## News and market events

- 2026-09-18 — Economic Times: **GAIL looks to sell its stake in US shale business** — GAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in oil and gas assets in the Eagle Ford shale basin. The assets comprise interests in 91 oil and gas wells and 13 identified proved undeveloped locations, covering 2,870 net acres in La Salle and Frio counties. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/gail-looks-to-sell-its-stake-in-us-shale-business/articleshow/134343042.cms)
- 2026-09-18 — BUSINESS: **Board of GAIL (India) appoints director** — At meeting held on 18 September 2026 — [Source](https://www.business-standard.com/markets/capital-market-news/board-of-gail-india-appoints-director-126091800574_1.html)
- 2026-09-17 — Economic Times: **LNG gets too hot for Asia at $26, but India keeps buying** — Asian LNG demand is projected to decrease this year, with Northeast Asia seeing the largest drop. India and Bangladesh continue to secure spot LNG cargoes despite significant price increases. High fuel costs are impacting energy-intensive industries in China, reducing their output. India's city gas and fertilizer sectors will predominantly support its LNG demand. Global supply recovery and Europe's inventory needs will influence future LNG prices. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/lng-gets-too-hot-for-asia-at-26-but-india-keeps-buying/articleshow/134301710.cms)
- 2026-09-17 — The Hindu: **Sensex today | Stock Market Highlights: Sensex gains 333 points, Nifty rises 99 points; FMCG, PSU banks outperform** — Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher on Wednesday, tracking gains across regional markets, as expectations surrounding the US Federal Reserve’s interest rate decision supported sentiment. Buying interest in banking, FMCG and automobile stocks lifted large-cap shares, while IT stocks declined. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-16th-september-2026/article71468722.ece)
- 2026-09-16 — Economic Times: **Gail India Gets PNGRB approval to transfer city gas assets to subsidiary** — The PNGRB has approved Gail India's transfer of six city gas distribution areas. This move paves the way for Gail Gas to proceed with its initial public offering. Gail Gas plans to raise ₹3,000 crore through this upcoming public offering. The subsidiary aims to list its shares by the end of the current financial year. Gail India will then dilute a minority stake in its wholly owned subsidiary. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/gail-india-gets-pngrb-approval-to-transfer-city-gas-assets-to-subsidiary/articleshow/134295908.cms)
- 2026-09-16 — MONEYCONTROL: **Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL** — Nomura, IOCL, BPCL, HPCL, Hindustan Oil share price, BPCL stock today, Oil prices, Us-Iran war, brent crude — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-sees-sharp-q2-recovery-for-omcs-despite-100-oil-prefers-iocl-bpcl-14030946.html)
- 2026-09-15 — MONEYCONTROL: **India, China LNG imports may rebound once US-Iran war ends and $30 prices ease** — India LNG imports, China LNG imports, Asia LNG prices, US-Iran war LNG, Middle East LNG supply crunch, Strait of Hormuz LNG, GAIL LNG demand, PetroChina LNG imports, Qatar LNG exports, Asian spot LNG prices — [Source](https://www.moneycontrol.com/news/business/india-china-lng-imports-may-rebound-once-us-iran-war-ends-and-30-prices-ease-14029841.html)
- 2026-09-14 — The Hindu: **LNG prices above $20 per mmBtu to hurt demand, chairman of India's GAIL says** — GAIL's chairman warns that LNG prices exceeding $20 per mmBtu are negatively impacting demand in India. — [Source](https://www.thehindubusinessline.com/markets/commodities/lng-prices-above-20-per-mmbtu-to-hurt-demand-chairman-of-indias-gail-says/article71465866.ece)
- 2026-09-12 — REDIFF.COM: **OMCs Lose Rs 5 Per Litre On Petrol, Rs 23 On Diesel** — 'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.' — [Source](https://www.rediff.com/business/report/omcs-lose-rs-5-per-litre-on-petrol-rs-23-on-diesel/20260912.htm)
- 2026-09-09 — BUSINESSTODAY: **BPCL, IOC, HPCL shares unfazed as Brent crude hits $100 a barrel for first time since July** — Brent crude, $100 oil, Oil India, ONGC, BPCL, IOC, Reliance Industries, Nifty Oil & Gas, crude oil prices, US-Iran tensions — [Source](https://www.businesstoday.in/markets/stocks/story/bpcl-ioc-hpcl-shares-unfazed-as-brent-crude-hits-100-a-barrel-for-first-time-since-july-554239-2026-09-09)
- 2026-09-09 — CNBC-TV18: **JM Financial picks Oil India as top bet, sees 15% earnings-compounding story** — Dayanand Mittal, Oil & Gas Research Analyst at JM Financial Institutional Securities explains the impact of supply disruptions, higher crude premiums and soaring diesel cracks on India’s oil and gas sector, while outlining his preferred stocks and longer-term sector opportunities. — [Source](https://www.cnbctv18.com/market/oil-india-top-pick-brent-hormuz-ongc-gail-petronet-jm-financial-19987214.htm)
- 2026-09-08 — The Hindu: **ONGC backs ₹2,000-crore energy start-up fund, signs pact with IIT Bombay** — ONGC announces a ₹2,000 crore fund for energy start-ups at IIT Bombay, aiming to boost deeptech innovation in the sector. — [Source](https://www.thehindubusinessline.com/companies/ongc-backs-2000-crore-energy-start-up-fund-signs-pact-with-iit-bombay/article71442883.ece)
- 2026-09-08 — Mint: **Stock market today: Trade guide for Sensex, Nifty 50, crude oil to gold | eight stocks to buy** — Stock market today: Indian stock market indices Sensex and Nifty 50 are set for a lower open on 8 September amid mixed global cues. Nifty 50 closed below 23,800, signaling bearish momentum, while elevated crude oil prices and geopolitical tensions raise concerns over inflation and market sentiment. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-trade-guide-for-sensex-nifty-50-crude-oil-to-gold-eight-stocks-to-buy-11788828251128.html)
- 2026-09-07 — NEWS.WEBINDIA123.COM: **MoPNG-backed programme to support 30 energy startups with funding, pilot opportunities** — The MC Plus energy innovation accelerator, envisioned by the Ministry of Petroleum and Natural Gas (MoPNG), aims to support 30 early-stage startups with funding, mentorship, technical expertise and opportunities to pilot their technologies with the energy industry, according to a press release issued on Monday. — [Source](https://news.webindia123.com/news/articles/business/20260907/4495877.html)
- 2026-09-03 — CNBC-TV18: **Dividend hunters, take note: These 10 stocks offer nearly 10% yield** — TCS, HCLTech, GAIL, and ONGC feature among 10 stocks offering some of the highest dividend yields based on FY26 adjusted payouts. PTC India leads the list at nearly 10%, followed by Coal India and REC. — [Source](https://www.cnbctv18.com/photos/market/dividend-stocks-tcs-hcltech-gail-rec-ongc-ptc-india-offer-up-to-10-pc-yield-report-19983365.htm)
- 2026-08-28 — BUSINESS: **GAIL (India) Ltd Slides 0.84%** — GAIL (India) Ltd has lost 1.94% over last one month compared to 0.37% fall in BSE Oil & Gas index and 0.68% drop in the SENSEX — [Source](https://www.business-standard.com/markets/capital-market-news/gail-india-ltd-slides-0-84-126082800193_1.html)
- 2026-08-27 — The Hindu: **GAIL’s natural gas pipeline network to expand after completion of under-construction projects: Chairman** — GAIL plans to expand its natural gas pipeline network to 20,000 km and enhance LPG and petrochemical capacities, says Chairman. — [Source](https://www.thehindu.com/business/industry/gails-natural-gas-pipeline-network-to-expand-after-completion-of-under-construction-projects-chairman/article71396592.ece)
- 2026-08-27 — Economic Times: **GAIL plans major expansion in gas, petrochemicals and clean energy, says chairman** — GAIL plans pipeline expansion and diversified LNG sourcing for energy security. The company is scaling up petrochemicals and LPG infrastructure to meet demand. Investments in clean energy technologies are also a key focus area. GAIL's natural gas pipeline network is expanding significantly across India. These strategic moves aim to balance energy security with the global clean energy shift. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/gail-plans-major-expansion-in-gas-petrochemicals-and-clean-energy-says-chairman/articleshow/133560859.cms)
- 2026-08-22 — Times of India: **556km Telangana to Nagpur LPG pipeline approved | Nagpur News - The Times of India** — PNGRB approves 1,800 km new LPG pipelines worth Rs7,000 crore, including 556 km Cherlapally (Telangana)–Nagpur, expanding network to 9,500 km. — [Source](https://timesofindia.indiatimes.com/city/nagpur/556km-telangana-to-nagpur-lpg-pipeline-approved/articleshow/133430703.cms)
- 2026-08-21 — The Hindu: **PNGRB authorises about 1,800 km LPG pipeline infra with ₹7,000 crore capital investment** — PNGRB approves 1,800 km LPG pipeline infrastructure with ₹7,000 crore investment, boosting India's network capacity by 24%. — [Source](https://www.thehindu.com/business/industry/pngrb-authorises-about-1800-km-lpg-pipeline-infra-with-7000-crore-capital-investment/article71374530.ece)
- 2026-08-19 — MONEYCONTROL: **Buy GAIL India; target of Rs 200: Geojit Financial Services** — Geojit Financial Services, GAIL India, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-gail-india-target-of-rs-200-geojit-financial-services-14010209.html)
- 2026-08-19 — BUSINESSTODAY: **Govt approves incentive scheme for gas distributors to speed up household PNG connections** — PNG connections, household PNG connections, incentive for gas distributors, gas distributors incentive scheme — [Source](https://www.businesstoday.in/india/story/govt-approves-incentive-scheme-for-gas-distributors-to-speed-up-household-png-connections-549935-2026-08-19)
- 2026-08-18 — FREEPRESSJOURNAL.IN: **Hindustan Copper Plans Over ₹7,000 Crore Investment, Expansion Drive Spans Next 5-6 Years** — Hindustan Copper plans to invest over Rs 7,000 crore in 5-6 years to expand exploration, revive mines and strengthen India’s copper production capacity. — [Source](https://www.freepressjournal.in/business/hindustan-copper-plans-over-7000-crore-investment-expansion-drive-spans-next-5-6-years)
- 2026-08-16 — CNBC-TV18: **Govt sets 63,810-tonne-a-day LPG production plan to guard against another supply shock** — India set refinery-specific LPG production levels for the first time, totaling 63,810 tonnes/day, to boost domestic supply during disruptions. Reliance's Jamnagar refinery has the largest share. — [Source](https://www.cnbctv18.com/energy/govt-sets-63810-tonne-a-day-lpg-production-plan-to-guard-against-another-supply-shock-19970448.htm)
- 2026-08-15 — MONEYCONTROL: **GAIL strengthening India's energy security through diversified LNG portfolio: CMD Deepak Gupta** — GAIL — [Source](https://www.moneycontrol.com/news/business/gail-strengthening-india-s-energy-security-through-diversified-lng-portfolio-cmd-deepak-gupta-14006429.html)

## Business profile

**Strategic vision:** India's natural gas company optimizing economic use.

### Business segments
- **Natural Gas Transmission:** Operates a large network of natural gas pipelines spanning approximately 16,420 km.
- **Gas Processing:** Operates five gas processing plants for the production of LPG and other liquid hydrocarbons with a capacity of about 1.4 MMTPA.
- **Petrochemicals:** Operates a gas-based integrated petrochemical plant with a capacity of 810 KTPA of polymer and is involved in co-promoting other petrochemical complexes.
- **LNG Trading and Infrastructure:** Involved in LNG sourcing, regasification terminals, and international LNG trading through subsidiaries.
- **City Gas Distribution (CGD):** Pioneer in the CGD business with a presence in 72 Geographical Areas across India through joint ventures and subsidiaries.
- **Renewable Energy:** Portfolio includes wind and solar energy, exploring opportunities in Compressed Bio Gas (CBG), ethanol, and hydrogen.

### Competitive strengths
- Extensive natural gas pipeline network across India.
- Integrated operations from gas processing to petrochemical production.
- Pioneering presence in the city gas distribution sector.
- Strategic investments in LNG infrastructure and trading.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/gail
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