In a unique attempt to nurture the entrepreneurial skills of spouses of its employees, GAIL (India) Limited launched an incubation cell which is first of its kind in the industry to educate them about the start-up environment and provide mentorship, training and assistance with the necessary tools to begin their own ventures. Christened ‘GAIL Abha’,…
GAIL (India) Limited has acquired equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura. The stake has been acquired from IL&FS Group companies namely, IL&FS Energy Development Company Limited and IL&FS Financial Services Limited. GAIL and IL&FS Group concluded…
GAIL (India) Limited announced the appointment of Rakesh Kumar Jain as Director (Finance). A Cost and Management Accountant by profession, Jain started his career in the company as a Management Trainee and gathered a rich experience of nearly 30 years as he rose through the ranks to his present position, the statement said. Prior to…
GAIL announced it has plans to invest in startups operating in Focus Areas, which mainly includes natural gas, petrochemicals ,energy, project management, bio-manure marketing, Nano materials, IoT, data mining, environment, health and social. Pankh was launched in 2017 with an aim to invest in promising Start-ups. Till now, it has made investments in 28 Start-Ups…
M V Iyer has assumed charge as Director (business development) of India’s largest natural gas company, GAIL (India) Limited, as per the PTI report. Prior to this role, Iyer was working as executive director (projects) with the company, GAIL said in a statement. “He has been part of the core team of GAIL for implementation…
GAIL (India) Limited announced plans to invest in startups operating in the area of Compressed biogas (CBG) through its Start-Up initiative ‘Pankh’. GAIL said that it has opened a fresh round for Solicitation of Investment Proposals from Start-Ups operating specifically in the area of CBG. The Start-Ups that are interested in equity investment from GAIL…
GAIL (India) Limited, a New Delhi-headquartered natural gas processing and distribution company in India, and Energy Efficiency Services Limited (EESL), an energy service company of the Government of India, announced that they have signed a Memorandum of Understanding (MoU) for cooperation in development of Trigeneration projects in India. The MoU aims at building a closer…
In order to share knowledge and experience about cutting edge digital technologies among India’s oil and gas companies, GAIL (India) Limited organised an Industry Meet on Digital Transformation. Inaugurating the Industry Meet, GAIL Chairman & Managing Director Ashutosh Karnatak said “Digital Yatra 2.0 is launched. Gone are the days to walk and run, not even…
In a bid to encourage Start-Ups operating in the area of renewable and alternate energy sources like Compressed Bio Gas production, GAIL (India) Limited has opened its 4″ round of applications for Solicitation of Investment Proposals from Start-Ups operating in the sphere. Ashutosh Karnatak, C&MD, GAIL said “we are enthused to support the Start-Up India…
PiBeam, an electric vehicles start-up , has raised Rs 5 Crore from GAIL (India) Ltd. The company was founded by Visakh Sasikumar in 2013. The startup, was initially incubated at IIT Madras. It is understood that these funds will help the company in business growth, technology upgradation and team expansion. In a media statement, Founder…
GAIL (India) Limited has been awarded the “Project Management Company of the Year” for successfully completing phase- I of the Pradhan Mantri Urja Ganga Pipeline Project. The award was given by Hon’ble Union Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan to GAIL CMD & Director (Projects), Dr. Ashutosh Karnatak accompanied by Director…