Established in: 1984
Managing Director: Deepak Gupta
GAIL (India) Limited is India’s leading natural gas company and was established on August 16, 1984. It is headquartered at GAIL Bhawan in New Delhi, India. GAIL is a state-owned energy sector company that primarily focuses on producing, trading, transmitting, and distributing natural gas.
GAIL Ltd was formerly founded as the ‘Gas Authority of India Limited’ by the Ministry of Petroleum and Natural Gas to build, operate and maintain the HVJ Gas Pipeline. In 2002, the company name was updated to ensure it reflects the company’s business transformation as it expanded its business segments
The GAIL (India) Limited launched its IPO in 2004 with an issue size of around ₹1,649 crore and a price of ₹ 195 per share. GAIL is listed on both Indian stock exchanges, NSE and BSE. In 2013, GAIL Ltd was awarded the ‘Maharatna’ status by the Government of India, making it one of the 14 public sector companies with that status.
History of GAIL (India) Limited
GAIL Ltd was established in August 1984 under the Ministry of Petroleum & Natural Gas (PSU) with the aim of building, operating, and maintaining the HVJ gas pipeline. The HVJ pipeline was a 1,750 km-long pipeline, making it one of the largest gas pipeline projects in the world. The HVJ pipeline construction was started in 1987 and was completed by 1989.
On 6th December 1994, GAIL Ltd entered into a joint venture agreement with British Gas to establish Mahanagar Gas Limited to execute the Bombay City Gas Distribution project. In the following years, the company was awarded the status of ‘Navratna’ by the Government of India for its ‘excellent track record’ and ‘potential to become a global giant’.
In 1997, GAIL (India) Limited started the city gas distribution pilot project in New Delhi and set up nine compressed natural gas stations. Later, GAIL entered into a joint venture with Bharat Petroleum and the Government of Delhi to establish Indraprastha Gas to set up the Delhi gas distribution network.
In the following years, GAIL diversified into petrochemicals, telecom and liquidity hydrocarbons along with gas infrastructure. The company has entered the power, liquefied natural gas (LNG), regasification, city gas distribution and exploration and production by entering into equity and joint ventures. Due to the additional ventures, the Gas Authority of India was renamed GAIL (India) Limited on 22nd November, 2002.
Business Segments of Gail (India) Limited
The following are the business segments of Gail (India) Limited.
Natural Gas Transmission
Natural gas transmission is the core operation of the company and holds a significant market share in India. It operates a network of over 18,400 km of natural gas pipelines across the country and connects major gas sources to areas with high industrial and consumer demand.
Natural Gas Marketing
GAIL is a leading natural gas marketer. It procures gas from domestic producers and international companies with long-term (Sales and Purchase Agreements). The company manages a large portfolio of Liquefied Natural Gas, which includes shipping, regasification, and global trading, carried out by its subsidiary company.
Petrochemical
The company operates one of India’s largest integrated petrochemical complexes in Uttar Pradesh. It produces polymer, which is used in plastic manufacturing and holds equity in major petrochemical companies.
LPG & Liquid Hydrocarbons
The company operates 5 gas processing units (GPUs) that produce LPG, propane, Pentane, and Naphtha. GAIL Ltd also transmits LPG via its 2,040 km pipeline.
City Gas Distribution
GAIL offers gas connectivity to domestic, commercial and transport sectors, which is managed by its subsidiary. The company entered into various joint ventures to supply Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) to households and vehicles.
Emerging Segments
Gail is moving toward clean energy and entering the renewable energy sector. The company currently has an installed capacity of 145 MW, consisting of 118 MW of wind and 27 MW of solar energy.
Subsidiaries of GAIL India Limited
The following are the subsidiaries of Gail (India) Limited.
- GAIL Gas Limited
- Brahmaputra Cracker and Polymer Limited (BCPL)
- GAIL Mangalore Petrochemicals Limited (GMPL)
- Konkan LNG Limited (KLL)
- GAIL Global (Singapore) Pte Limited
- GAIL Global (USA) Inc. (GGUI)
- GAIL Global (USA) LNG LLC
- Joint Ventures & Associates of Gail (India) Limited
The following are the joint ventures of Gail (India) Limited.
- Indraprastha Gas Limited (IGL)Mahanagar Gas Limited (MGL)
- Petronet LNG Limited (PLL)
- ONGC Petro-additions Limited (OPaL)
- Tripura Natural Gas Company Limited (TNGCL)
- Bengal Gas Company Limited
GAIL Financial Highlights
- Revenue: GAIL reported revenue of ₹1,43,107.86 crore in FY26 vs ₹1,43,171.13 crore in FY25. It showed a decrease of 0.04% on a yearly basis.
- Operating Profit: GAIL reported an operating profit of ₹9,725.22 crore in FY26 vs ₹16,095.51 crore in FY25. It showed a decrease of 39.58% on a year-on-year basis.
- Net Profit: GAIL reported a net profit of ₹7,581.52 crore in FY26 vs ₹12,462.87 crore in FY25. It showed a decrease of 39.17% on a yearly basis.
GAIL Quarterly Result Highlights
- GAIL reported revenue of ₹36,367.97 crore in Mar 2026, compared with ₹35,511.42 crore in Dec 2025, representing an increase of 2.41% on a quarter-on-quarter (QoQ) basis.
- GAIL reported an operating profit of ₹1,966.37 crore in Mar 2026, compared with ₹2,164.64 crore in Dec 2025, representing a decrease of 9.16% on a quarter-on-quarter (QoQ) basis.
- GAIL reported a profit of ₹1,481.46 crore in Mar 2026, compared with ₹1,729.13 crore in Dec 2025, reflecting a decrease of 14.32% on a QoQ basis.
- The earnings per share (EPS) of GAIL stood at ₹18.93 during Mar 2026.
