-1.15 (-0.75%) GAIL (India) has signed a Gas Sale and Purchase Agreement with Oil India (OIL) for extending the existing Gas Sale and Purchase Agreement for another 15 years, starting from July 1, 2025. The agreement is to supply up to 9,00,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL’s Bakhri Tibba Block of Rajasthan covering Dandewala, Tanot and Bagi Tibba fields.
This agreement highlights the dedication of both Maharatna CPSEs in production, transportation and distribution of natural gas available from domestic gas fields demonstrating their collaborative approach to enhancing energy security and accessibility. The sourced gas will be supplied to State run power plant of M/s Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL).
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.