GAIL is one of the most prominent companies of India, and it is also one of the constituents of Nifty.
GAIL, otherwise known as GAIL (India) Limited, is India's largest natural gas transportation company, integrating all aspects of the natural gas value chain.
GAIL is listed by Forbes as one of the world's 2,000 largest public companies in 2007.
History[]
The company was previously known as Gas Authority of India Ltd. It is India's principal gas transmission and marketing company. It was set up by the Government of India in August 1984 to create gas sector infrastructure.
GAIL commissioned the 2800-km Hazira-Vijaipur-Jagdishpur (HVJ) pipeline in 1991. During 1991-93, three liquefied petroleum gas (LPG) plants were constructed and some regional pipelines acquired, enabling GAIL to begin its gas transportation in various parts of India.
GAIL began its city gas distribution in New Delhi in 1997 by setting up nine compressed natural gas (CNG) stations.
In 1999, GAIL set up northern India's only petrochemical plant at Pata.
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