The pipeline has already reached Barauni in Bihar and GAIL is ready for supplying gas to a refinery and upcoming fertiliser plant. The pipeline also supplies natural gas for Patna city gas distribution network (CGD).
The sale proceeds will be distributed as per the resolution framework filed with the National Company Law Appellate Tribunal (NCLAT) by the government,the company said.
Net Sales are expected to increase by 25.8 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 19,511.4 crore, according to Kotak.
Net Sales are expected to increase by 27.3 percent Y-o-Y (down 0.7 percent Q-o-Q) to Rs. 19,650.6 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 26 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 19,511.4 crore, according to Kotak.
The cargo on board of the Meridian Spirit that loaded at the US Cove Point plant on March 20 was offered in a tender on March 25 when it was crossing the Atlantic Ocean.
Reliance Securities expects GAIL to witness a strong free cash flow generation of Rs 8,000 crore over FY19-FY21.
Gail is also seeking an LNG cargo for delivery into India's Dahej or Hazira terminals on September 8-12.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 1 point or 0.01 percent. Nifty futures were trading around 10,794-level on the Singaporean Exchange.
ICICI Direct is bullish on Gail (India) has recommended buy rating on the stock with a target price of Rs 390 in its research report dated February 06, 2019.
GAIL had last year awarded a portion of the 2,655-km of the Pradhan Mantri Urja Ganga project to IL&FS.
Net Sales are expected to increase by 33 percent Y-o-Y to Rs. 19,109.7 crore, according to Kotak.
The cargo is for delivery over January 20 to February 5 on a delivered ex-ship (DES) Dabhoj/Dahej basis.
The breadth of the market favoured the declines with 742 stocks advancing and 858 declining while 459 remained unchanged. On the BSE, 969 stocks advanced, 993 declined and 95 remained unchanged.
We recommend buying GAIL for the target of Rs 380 and keeping a stop loss at Rs 338, says Nandish Shah of HDFC Securities.
Considering the technical and derivative evidence discussed above, we believe that the short-term trend in the Nifty is still bullish and one should remain optimistic about the market for the coming days.
CLSA slashed price target for GAIL to Rs 420 from Rs 465 earlier, but maintained buy call.
Morgan Stanley double upgrades EM from underweight to overweight and downgrade US stocks to underweight.
Dolat Capital recommended accumulate rating on GAIL (India) with a target price of Rs 422 in its research report dated November 12, 2018.
India's gas transportation regulator Petroleum and Natural Gas Regulatory Board (PNGRB) recently raised the tariff by the same range on seven local piplines.
EOGEPL had in August signed a 15-year contract to supply the block's entire gas production to GAIL, Essar tweeted.
ICICI Direct is bullish on Gail (India) has recommended buy rating on the stock with a target price of Rs 450 in its research report dated September 28, 2018.
The oil ministry has been for last few months considering separating GAIL's gas transportation and marketing business to resolve the conflict of the same entity doing both the jobs. One of the reasons for this was some industry players alleging that GAIL was not giving them access to its 11,000-kilometer pipeline network to transport their gas.