Shares of Oil India Ltd and GAIL (India) Ltd have been buying and selling flat on tenth July. This got here after the 2 corporations introduced a 15-year extension to their current Gasoline Sale and Buy Settlement (GSPA). The extension is for the provision of pure fuel from OIL’s Rajasthan fields, signed on ninth July.
Beneath the renewed settlement, efficient from 1st July, 2025, GAIL will supply as much as 900,000 commonplace cubic meters per day (SCMD) of pure fuel from Oil India Ltd (OIL). The fuel shall be equipped to Rajasthan Rajya Vidyut Utpadan Nigam Restricted (RRVUNL) to help cleaner energy technology.
GAIL This fall Outcomes
GAIL reported a 2.1% year-over-year rise in income to Rs 35,685 crore. Nevertheless, web revenue fell sharply to Rs 2,049 crore—practically half of what it was a yr in the past.
EBITDA for the quarter rose 13.3% year-over-year to Rs 3,215 crore, with margins enhancing to 9% from 8.1% within the earlier quarter.
For FY26, GAIL has allotted a capex of Rs 10,000 crore. This shall be used throughout petrochemicals, fairness investments, pipelines, and its LNG enterprise. The corporate additionally talked about {that a} reduce in fuel provide has impacted earnings. Though operations are persevering with to make use of a mixture of fuel from each new and previous wells.
At 11:47 AM, GAIL was down 0.34% at Rs 184.40, and OIL was down 0.99% at Rs 441 on NSE.
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