| 07-Sep-11 |
| Gail (India) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 20, 2011 to September 07, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 27th Annual General Meeting (AGM) of the Company to be held on September 07, 2011.
Further the Company has informed that, the said final dividend, if so approved by the members of the Company at the aforesaid AGM, shall be paid within 30 days i.e. by October 05, 2011.
Gail (India) Ltd has informed BSE that 27th Annual General Meeting (AGM) of the Company was held on September 07, 2011 inter alia, have considered and approved the following:
1. Adoption of the audited Balance Sheet as at March 31, 2011, audited Profit & Loss Account for the year ended March 31, 2011, Directors' Report, Auditors' Report and the comments there upon of Comptroller & Auditor General of India.
2. Declaration of total dividend @ 75% (Rs. 7.5/- per share) on the paid-up equity share capital of the Company for the financial year ended on March 31, 2011, including Final Dividend of @55% (Rs. 5.5/- per share) and Interim Dividend of 20% (Rs. 2/- per share), already paid in December 2010.
3. Re-appointment of Shri R. D. Goyal, as a Director of the Company, liable to retire by rotation.
4. Shri Apurva Chandra, has been relieved from MoPNG and ceases to be Director of the Company w.e.f. August 08, 2011, therefore, with the permission of shareholders agenda item was dropped.
5. Re-appointment of Shri Mahesh Shah, as a Director of the Company, liable to retire by rotation.
6. Authorized to decide and fix the remuneration of the Statutory Auditor(s) of the Company appointed by Comptroller and Auditor General of India for the FY 2011-12, as may be deemed fit by the Board.
7. Appointment of Shri S. Venkatraman, as a Director of the Company, liable to retire by rotation.
8. Appointment of Shri Arun Agarwal, as a Director of the Company, liable to retire by rotation.
9. Appointment of Shri P. K. Jain, as a Director of the Company, liable to retire by rotation.
(As Per BSE Announcement Dated on 22.09.2011) |
| 22-Sep-10 |
| Gail (India) Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 05, 2010 to September 22, 2010 (both days inclusive) for the purpose of 26th Annual General Meeting (AGM) of the Company to be held on September 22, 2010.
With reference to the earlier announcement dated July 21, 2010, regarding Book Closure from September 05, 2010 to September 22, 2010 (both days inclusive) for the purpose of Final Dividend & AGM, Gail (India) Ltd has now informed BSE that, the Company has Revised the said Book Closure, now the Register of Members & Share Transfer Books of the Company will remain closed from September 04, 2010 to September 22, 2010 (both days inclusive) (Revised) for the purpose of Payment of Final Dividend & 26th Annual General Meeting (AGM) of the Company to be held on September 22, 2010.
Gail (India) Ltd has submitted to BSE a copy of the proceedings of the 26th Annual General Meeting of the Company held on September 22, 2010.
(As Per BSE Announcement Website dated on 14.10.2010) |
| 08-Sep-09 |
| 25th Annual General Meeting (AGM) of the Company to be held on September 08, 2009.
Gail India Ltd has informed BSE that the 25th Annual General Meeting (AGM) of the Company was held on September 08, 2009 inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2009, audited Profit & Loss Account for the year ended March 31, 2009, Board's Report, Auditor's Report and the comments thereupon of Comptroller & Auditor General of India.
2. Declaration of dividend @ 70% (Rs 7/- per share) on the paid-up Equity Share Capital of the Company for the financial year ended on March 31, 2009, including Final Dividend of 30% (Rs 3/- per share) and Interim Dividend of 40% (Rs 4/- per share), already paid in February, 2009.
3. Re-appointment of Shri. A K Purwaha & Shri. S Sundareshan as Directors of the Company, liable to retire by rotation.
4. Authorized Board of Directors to decide and fix the remuneration of the Statutory / Branch Auditors of the Company for the Financial Year 2009-2010.
5. Appointment of Prof. A Q Contractor as a Additional Director of the Company, liable to retire by rotation.
6. Appointment of Shri. Apurva Chandra as Director of the Company, liable to retire by rotation.
7. Appointment of Shri. R D Goyal as a Director (Project) of the Company, liable to retire by rotation.
(As Per BSE Announcement Dated on 24/09/2009) |
| 04-Sep-08 |
| Gail India Ltd has informed BSE that the 24th Annual General Meeting (AGM) of the Company is to be held on September 04, 2008.
Gail India Ltd has informed BSE that the members at the 24th Annual General Meeting (AGM) of the Company held on September 04, 2008, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2008, audited Profit & Loss Account for the year ended March 31, 2008, Board's Report, Auditor's Report and the comments thereupon of Comptroller & Auditor General of India.
2. Declaration of dividend @ 100% on the paid-up Equity Share Capital of the Company for the financial year ended on March 31, 2008, including Final Dividend of 60%, Interim Dividend of 40%, already paid in December, 2007.
3. Re-appointment of Shri. R K Goel, Dr. Amit Mitra & Dr. A K Kundra as Directors of the Company, liable to retire by rotation.
4. Authorized to decide and fix the remuneration of the Statutory / Branch Auditors of the Company for the Financial Year 2008-2009.
5. Appointment of Dr. U K Sen as a Director of the Company, liable to retire by rotation.
6. Authority to the Board to increase the Authorized Share Capital of the Company from Rs 1000 crore (Rs One Thousand Crore) to Rs 2,000 crore (Rs Two Thousand Crore), ranking pari passu with the existing equity shares & consequential amendments in the Memorandum & Articles of Association of the Company.
7. Authority to the Board for capitalization of a sum of Rs 422,82,58,000/- being part of the amount standing to the credit of the General Reserve in the books of the Company, be capitalized and distributed amongst the holders of the existing equity shares of the Company whose names stand on the Register of Members / Beneficial Owner on Record date/Book Closure to be fired separately in this behalf that they become entitled thereto as capital and not as income and that the same be not paid in cash but be applied on behalf of such shareholders as aforesaid in paving up in full at par 42,28 25,800 new equity shares Rs 10/- each to be allotted, distributed and credited as fully paid-up amongst the said shareholders in the proportion of 1 (one) new equity share for every 2 (two) existing shares held by them.
(As per BSE Announcement dated on 15/09/2008) |
| 03-Sep-07 |
| Annual General Meeting (AGM) of the Company to be held on September 03, 2007.
Gail India Ltd has announced that the Company has drawn up a growth strategy which shall steer it to revenues of Rs 50,000 Crore plus by 2011 from a revenue of Rs 16,047 Crore in the year 2006-07. This vision was shared by GAIL's Chairman and Managing Director, Dr. U D Choubey while addressing the Company's shareholders at the 23rd Annual General Meeting of the Company in New Delhi on September 03, 2007.
Describing the salient features of this multi- pronged strategy, Dr. Choubey said that the Company will focus on protecting and strengthening the core competencies of gas transmission, distribution and marketing businesses and shall pursue margin enhancing businesses namely, petrochemicals and city gas projects.
The Company intends to use first mover advantage to strategic benefit in Gas Retailing and evolve a partnership based business model with gas producers, he said. Similarly, the Company shall diversify downstream presence in gas based LPG and Petrochemicals plants. He added that GAIL will aggressively pursue gas sourcing options both from the new domestic sources as well as through international sources by way of pipelines and LNG route, to secure gas supplies for transmission and trading businesses.
The Company shall also endeavour to secure own sources of gas through participation on the E&P front and intends to participate aggressively in the upcoming E&P opportunities including NELP VII. Further, GAIL will be selectively pursuing global diversification opportunities in the areas having synergy with existing business.
Dr. Choubey said, "Towards implementing the above strategy, GAIL is focusing on leveraging the potential of its Human Resources through specific measures to train, motivate and channelize them towards the organizational goals. GAIL believes in and is actively pursuing the philosophy of cooperation and collaboration in the energy sector. Accordingly, GAIL has taken numerous steps to forge new relationships, cement existing ones and collaborate within the hydrocarbon industry and beyond, with the private as well as public sector."
Transmission Infrastructure
GAIL, he said, is moving ahead in a time bound manner to complete the 8 new gas pipelines in two phases, targeting 100% completion by 2011. These will form part of an integrated gas grid in the country, spread over more than 5,000 Kms at an estimated capital expenditure of Rs 20,000 Crore. It would increase GAIL's Natural Gas Transmission capacity to around 300 MMSCMD and almost double GAIL's existing trunk pipeline network to nearly 12,000 Km.
Gas Sourcing
For ensuring gas availability beyond the present quantities, GAIL has entered into partnerships with the Oil and Gas fraternity and outside by signing MoUs/Contracts in critical business areas with IOCL, ONGC, HPCL, BPCL, RIL, Shell, Indian Institute of Petroleum and a host of other organizations. GAIL is also in active discussions with international suppliers for gas sourcing in addition to tying up domestic supply sources.
Gas Retailing
The next decade belongs to city gas distribution. GAIL was the first Company to introduce City Gas Projects in India for supply of PNG and CNG by forming Joint Venture Companies and has formed eight Joint Venture Companies for city gas projects in various parts of the country. GAIL has recently approached the Government with firm plans for granting approval to pursue city gas projects in 230 cities across the country.
Global Presence
On the global front, GAIL has initiated a series of dialogues for expansion in various countries in the areas of Transnational trunk pipelines, City Gas Distribution projects, gas based Petrochemicals in gas rich countries and LPG processing plants. GAIL is making active efforts towards establishing two gas based petrochemical plants outside India.
Petrochemicals
In the area of Petrochemicals also, GAIL proposes to add significant capacities through new plants in partnership with public / private sector, both in India and abroad. One of these, the Brahmaputra Cracker and Polymer Ltd in Assam, has been formed as a subsidiary of GAIL with 70% equity stake. GAIL is also expanding the capacity of the Pata Petrochemical plant to 410,000 TPA from the present 310,000 TPA.
(As Per BSE Announcement Website Dated on 03/09/2007)
Gail India Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 03, 2007, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007, audited Profit & Loss Account for the year ended March 31, 2007, Board's Report, Auditor's Report and the comments thereupon of Comptroller & Auditor General of India.
2. Declaration of dividend @ 100% on the paid-up Equity Share Capital of the Company for the financial year ended on March 31, 2007, including Final Dividend of 20%, Interim Dividend of 55%, already paid in December, 2006 and Special Interim Dividend of 25%, already paid in March 2007.
3. Re-appointment of Shri. M R Hingnikar & Dr. A K Kundra as Directors of the Company, liable to retire by rotation.
4. Authorized to decide and fix the remuneration of the Statutory / Branch Auditors of the Company for the Financial Year 2007-2008.
5. Appointment of Shri. A K Purwaha as a Director (Business Development) of the Company, liable to retire by rotation, on remuneration, terms & conditions.
6. Appointment of Shri. Santosh Kumar as a Director (Projects) of the Company, liable to retire by rotation, on remuneration, terms & conditions.
7. Appointment of Shri. D N Narasimha Raju & Shri. S Sundareshan as Directors of the Company, liable to retire by rotation.
8. Appointment of Shri. B C Tirupathi as a Director (Marketing) of the Company, liable to retire by rotation, on remuneration, terms & conditions.
(As Per BSE Announcement Website Dated on 18/09/2007) |