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GAIL, Essar Steel, Adani Group buy natural gas from Reliance Industries' newer fields

18 Nov 2019 Evaluate

GAIL India, Essar Steel and Adani Group have bought the majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at an indicative price of $5.04 - 5.16 per unit.

Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in the day long auction conducted on November 15. Gujarat State Petroleum Corp (GSPC) picked up 1.2 mmscmd while Adani Group, Mahanagar Gas and GAIL bought 0.3 mmscmd each.

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

163.00 -3.50 (-2.10%)
11-May-2026 09:56 View Price Chart
Peers
Company Name CMP
GAIL India 163.00
Gujarat Gas 390.25
Indraprastha Gas 162.10
Mahanagar Gas 1123.90
Adani Total Gas 617.85
View more..

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