iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

GAIL, ONGC, and SEI Join Forces to Explore Ethane Import Opportunities in Hazira

11 Mar 2024 , 11:38 AM

GAIL (India) Limited, Oil and Natural Gas Corporation (ONGC), and Shell Energy India (SEI) Private Limited recently signed a tripartite memorandum of understanding (MoU).

The agreement aims to explore opportunities for importing ethane and other hydrocarbons, along with the development of evacuation infrastructure at the Shell Energy Terminal in Gujarat's Hazira port.

Prior to this, GAIL and SEI had entered into a bilateral MoU to explore various facets of energy cooperation, leading to a feasibility study on developing ethane import infrastructure in the existing SEI terminal at Hazira.

ONGC, which already has a bilateral MoU with GAIL for various aspects, including importing and handling hydrocarbons, joined forces with GAIL and SEI due to the increasing demand for ethane in India and the proposed development of ethane infrastructure.

Rajeev Kumar Singhal, Director (Business Development) at GAIL, highlighted the significance of ethane as a preferred petrochemical feedstock in India, emphasizing the growing interest in importing ethane for domestic petrochemical plant requirements.

The MoU focuses on cooperation to develop ethane import facilities, assessing gaps in the existing Shell Hazira Terminal facilities, and utilizing existing pipeline routes and facilities.

The signed MoU is expected to enhance efficiency and facilitate rapid progress in the shared project by leveraging the collective strengths of GAIL, ONGC, and SEI.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Business news
  • Company news
  • GAIL (India) Limited
  • MOU
  • ONGC
  • Top News
sidebar mobile


Read More

Most Read News

NHPC net profit declines 18%, shares down
18 May 2024|10:24 AM
Indian markets end the day in Green
18 May 2024|12:12 AM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.