Top 10 Public Sector (PSU) Companies in India 2017

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6. Gas Authority of India Limited (GAIL)

The company was incorporated in 1984 with the view to explore, develop, create and maintain natural gas infrastructure in the country.


Image: company website

It came under the ministry of Petroleum and Natural Gas and the company’s first assignment was the Hazira Vijaypur Jagdhispur pipeline project, and then, they set up LPG plants and research facilities. Mahanagar gas was formed as a joint venture with British gas in 1994.

The company went for an initial public offering in 1996 and subsequently was conferred navaratna status by government of India in 1997. GAIL’s oil and gas exploration efforts were rewarded with a major breakthrough when they discovered gas in a block at Myanmar and Oil at Cambay. The company’s core vision is to optimize the use of natural gas and thus contribute to the nation building in an efficient as well as effective manner. They strive to hold highest standards of ethics, safety and safeguarding the interests of their shareholders in all their ventures and projects.

Shri B.C.Tripathi is the current chairman and managing director of GAIL. They operate in multiple verticals spanning across the natural gas value chain like Liquid hydrocarbons, Gas transmission, Petrochemicals, etc. Sustainability in operations is embedded in their DNA and the company aims to reduce its greenhouse gas emissions by 33% by 2020. Reducing water consumption and increasing the waste water recycling are other such targets set by the management in their plans to counter the climate change challenges. True to this, they were awarded by PetroFed in 2016 as ‘Company of the year’ in Environmental Sustainability category.

GAIL is ranked as Sixth best PSU in India with market capitalisation of Rs. 53,050 Crores and Net income and net profits of Rs. 46,448 crores and Rs. 4,077 crores respectively.

Market Capitalisation (INR Crores): 53050.70

Net Income (INR Crores): 46448.89

Net Profit (INR Crores): 4077.74



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