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EOGEPL signs agreement with GAIL

09 Aug 2018 Evaluate

Essar Oil and Gas Exploration and Production (EOGEPL), an arm of Ruia-owned Essar Group, has signed a 15-year Gas Sale and Purchase Agreement (GSPA) with state-owned natural gas-utility GAIL India.

The GSPA entails a 15-year gas supply contract whereby the company will be able to monetise its entire CBM production of 2.3 mmscmd from the Raniganj East block at a globally competitive price. 

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

GAIL (India) Share Price

174.15 4.15 (2.44%)
27-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL (India) 174.15
Gujarat Energy 265.50
Indraprastha Gas 150.15
Mahanagar Gas 1096.30
Adani Total Gas 660.20
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