The renewed pact, efficient from July 1, 2025, will contain the provision of as much as 900,000 commonplace cubic metres per day (SCMD) of pure fuel from Oil India’s fuel fields in Rajasthan, the corporate stated in a regulatory submitting on Wednesday.
“This settlement highlights the dedication of each Maharatna CPSEs within the manufacturing, transportation, and distribution of fuel obtainable from home fuel fields,” the 2 corporations stated in a joint assertion.
The fuel equipped below this settlement will likely be utilized by Rajasthan Rajya Vidyut Utpadan Nigam Restricted (RRVUNL), the state-owned energy producer, for electrical energy era. GAIL, which owns and operates over 16,400 km of fuel pipeline infrastructure throughout the nation, will deal with the transportation of the gas.
Additionally Learn: These 10 debt-free penny shares rallied 75-355% in 1 12 months. Do you personal any?
This autumn Outcomes Snapshot
GAIL (India) Ltd reported a consolidated web revenue of Rs 2,491.76 crore in Q4FY25, broadly unchanged from Rs 2,468.71 crore in the identical quarter final 12 months. Income from operations rose 11.3% year-on-year to Rs 36,551.15 crore, in contrast with Rs 32,833.24 crore in Q4FY24.Oil India Ltd, in the meantime, posted a consolidated web revenue of Rs 1,310.10 crore for Q4FY25, down practically 39% from Rs 2,140.72 crore within the year-ago interval. Income from operations additionally declined by round 6% to Rs 9,587.82 crore from Rs 10,165.78 crore in Q4FY24.On Wednesday, shares of GAIL closed at Rs 185.05 on the BSE, whereas Oil India ended the session at Rs 445.30.
Additionally Learn: Is the chemical sector getting into a brand new supercycle? High shares already up 35–135% in 2025
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of the Financial Instances)
