SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GAIL gets nod to foray into natural gas-based power generation

07 Jun 2011 Evaluate

GAIL, the country’s biggest gas marketer is likely to foray into natural gas-based power generation. The company has received its board’s approval for the same.  It will set up its first power plant at Uran in Maharashtra with an investment of around Rs 800 crore. The plant will have a 250-megawatt (Mw) capacity.

The company is discussing with PTC India to facilitate power trading and is in the process of signing a power purchase agreement with the state power department. The company is planning to set up power projects of similar capacity at Vijaipur in Madhya Pradesh, Auraiya in Uttar Pradesh and Gandhar in Gujarat. GAIL India already has land and manpower, among other infrastructures, at these locations, which also have the company’s LPG plants and gas pipeline.

The four plants would require 2.5 million standard cubic metres of gas a day. Due to limited gas availability from domestic sources, the company will have to depend on imported gas for power generation.

The company’s net profit for the fourth quarter has declined 14.03% at Rs 783.07 crore as compared to Rs 910.82 crore for the quarter ended March 31, 2010. Its total income has soared by 34.34% at Rs 8961.41 crore for the quarter under review from Rs 6670.69 crore in the corresponding previous quarter.

GAIL India Share Price

165.60 0.65 (0.39%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 165.60
Gujarat Gas 383.05
Indraprastha Gas 164.55
Mahanagar Gas 1129.20
Adani Total Gas 627.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×