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GAIL wins Dun & Bradstreet Award
New Delhi, March 21, 2008
| GAIL (India) Limited has been selected as
the top Indian company in the Gas-Processing, Transmission
and Marketing Sector for the Dun & Bradstreet Corporate
Awards 2007.
Dr. U. D. Choubey, Chairman and Managing Director, GAIL
received the award on behalf of GAIL from Manoj Vaish,
President & CEO, Dun & Bradstreet, India. This is the
second time that GAIL has received this award. |
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The corporate awards have been launched to recognize the
twin virtues of size and growth in the top organizations of
corporate India. The awards recognized the best organizations
spread across various sectors such as Oil and Gas Exploration,
Power Generation, Banks, Software and IT, Fertilizers, Cement,
FMCG and others.
GAIL is India’s premier Natural Gas company. Having started as
a gas transmission company during the late eighties, it has
grown organically over the years by building a large network
of Natural Gas trunk Pipelines covering a length of around
6700 km. with a capacity to carry 148 MMSCMD of natural gas
across the country. GAIL's share of gas transmission business
is 79% and the Company holds 70% market share in gas marketing
in India. The Company is also planning to lay 5 new pipelines
and in addition, augmentation of 3 existing pipelines is also
being taken up. This will lead to doubling of pipeline length
and transmission capacity in the next 4 to 5 years.
Apart from natural gas, GAIL has interests in the business,
LPG, Liquid Hydrocarbons and Petrochemicals, the latter being
value-added products. GAIL has also diversified into
Exploration & Production, City Gas Distribution and is
steadily developing an overseas presence etc.
GAIL recorded a revenue of Rs. 16,047 crore and a PAT of Rs.
2,387 crore in FY 2006-07.
In Gas Processing, GAIL has 7 LPG plants in the country. In
2006-07, total Liquid Hydrocarbon production including LPG was
over 1.343 million metric tones. The Company produced 1.03
million MT of LPG during the year 2006-07, whereas the Propane
production was 178752 MT and the Pentane production was 72827
MT. GAIL is the only company in India which owns and operates
pipelines for LPG transmission. It has a 1900 km LPG pipeline
network, 1300 km of which connects the Western and Northern
parts of India and 600 km of network is in the Southern part
of the country. The LPG transmission system has a capacity to
transport 3.8 MMTPA of LPG. LPG transmission through LPG
pipelines was 2.491 million MT in the year 2006-07.
In a strong demonstration of GAIL’s commitment towards
development of city gas distribution sector in the country,
the Company’s Board has recently approved the formation of a
fully owned subsidiary for city gas distribution projects and
CNG corridor. GAIL was the pioneer of City Gas Distribution
projects in India for supplies to households, commercial users
and for the transport sector by forming Joint Venture
Companies. With Natural Gas emerging as the fuel of choice in
the country, GAIL believes that the next decade will belong to
the city gas. GAIL has formed eight Joint Venture companies
for city gas projects in various part of the country. On the
global front, GAIL has established its CNG and City Gas
presence in Egypt through equity participation in Fayum Gas,
Shell CNG and Natgas, Egypt. It has also acquired stake in
China Gas Holdings for CNG opportunities in mainland China.
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