What is the full form of GAIL?
The GAIL full form is Gas Authority Of India Ltd. It is India’s largest natural gas refining and handling enterprise. GAIL is included in the definition of NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). It has its headquarters in New Delhi.
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A concise history of GAIL
- The Indian government founded GAIL India in 1984 as a PSU (Public Sector Enterprise) under the Petroleum and Natural Gas Ministry.
- On February 1, 2013, the Indian government designated GAIL as a Maharatna. According to the analysis, it ranked 131 out of 150 respectable and trusted businesses in India.
- GAIL was included in the NSE, BSE, and DSE directories in 1996.
- 1999 saw the approval of LPG production facilities at Lakwa and Usar.
- GAIL received approval in 2001 to construct the world’s longest and first interstate LPG transmission pipeline from Jamnagar in Gujarat to Loni in Uttar Pradesh, India.
- In 2002, 12 percent of GSEGs in Gujarat were successfully sold.
- Bhagyanagar Gas Limited, a joint venture between GAIL and HPCL, was created in August 2003.
- GAIL received the SCOPE Meritorious Award for enterprise authority and regulation in 2007-2008.
- In 2010, it established a Representative Office in Egypt. Throughout the same year, it dominated the Platts Global Ranking for the classification of gas utilities in Asia.
- GAIL received the Managing India Award for Outstanding PSU of the Year in 2011. It is the very first PSU to receive this grant.
- It got the MoU Excellence Award in 2012 for being the best-functioning CPSE in the petroleum industry in 2009-2010. In the same year, the then-prime minister announced the 2,200-kilometer-wide pipeline from Dahej to Bathinda.
GAIL business products
- Natural gas refining and commercialization
- Electricity production
- Liquid Petroleum Gas
- Liquid hydrocarbon
