GAIL Full Form

GAIL Full Form: GAIL is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. GAIL is India’s largest natural gas processing and distribution company. It is headquartered in New Delhi. GAIL is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). GAIL in India is one of the top companies in India and is the biggest company in the field of Petrol and Gas.

GAIL was incorporated in 1984 to lay down the infrastructure of gas supply in India. The company has since become a significant player in the natural gas industry in India. It owns and operates a network of around 15,413 km of natural gas pipelines spread across the length and breadth of the country. It also has interests in liquefied natural gas (LNG), petroleum products, and city gas distribution.

What is the Full Form of GAIL?

The full form of GAIL is Gas Authority of India Limited. It is the largest natural gas refining business in India. GAIL is a state-owned natural gas processing and distribution company in India. It plays a significant role in the natural gas sector of the country, including the transmission, distribution, and marketing of natural gas, as well as the development of natural gas infrastructure and related activities.

Products and Services offered by GAIL

Here are some of the products and services that are offered by GAIL:

• Natural gas processing and distribution
• Liquefied natural gas (LNG)
• Petrochemicals
• City gas distribution
• Exploration and production
• Power generation
• Telecom

Brief History of GAIL

• 1984: GAIL was incorporated on August 16, 1984, as a central public sector undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoP&NG).
• 1986: the first cross-country natural gas pipeline in India   Hazira-Vijaypur-Jagdishpur (HVJ) pipeline was commissioned in 1986. This was one of the largest cross-country natural gas pipeline projects in the world.
• 1991: GAIL started city gas distribution operations in Delhi.
• 2002: GAIL’s name was changed to GAIL (India) Limited.
• 2011: GAIL India received an Award for the Outstanding PSU of the Year.

Contribution of GAIL to the Indian Economy

The Contribution and Impact of GAIL to the Indian Economy is as follows:

1. Increasing tax revenue: It generates significant tax revenue for the government which helped to fund important social and economic programs.
2. Generating employment: It employed over 20,000 people directly and indirectly which helped to boost economic activity and create jobs in rural and urban areas across India.
3. Industrial Development: Its’s reliable and affordable supply of natural gas supports industrial growth in India. Industries such as power generation, fertilizer manufacturing, petrochemicals, and steel production benefit from natural gas as a feedstock or fuel.
4. Fuel Diversity: Natural gas is cleaner and more environmentally friendly compared to coal and oil. Increased natural gas usage helps reduce greenhouse gas emissions, improve air quality, and address climate change concerns.

Reward and Achievements of GAIL

These are some of the Rewards and Achievements of GAIL:

1. Platts Global Energy Award: won the coveted “Platts Global Energy Award” in the “Energy Transition – Midstream” category in 2022.
2. Green ribbon award: It was awarded the Green Ribbon award for its sustainability and decarbonization initiatives by CNBC Network 18.
3. Excellence in Cost Management: GAIL received the 17th National Award for “Excellence in Cost Management 2019” by ICAI for JLPL in 2022.
4. Petroleum Rajbhasha Shield Scheme: In 2021-22, GAIL was awarded the 3rd prize under the Petroleum Rajbhasha Shield Scheme for its commendable performance in the field of official language.
5. Outstanding PSU of the Year: In 2011 GAIL India received an Award for the Outstanding PSU of the Year.

Conclusion – GAIL Full Form

GAIL is a leading natural gas company in India. It become a key player in the Indian natural gas industry. Overall, GAIL India Limited played a pivotal role in India’s natural gas industry and contributed to energy security, economic growth, and environmental sustainability.

FAQs on GAIL Full Form

1. What is the full form of GAIL?

The full form of GAIL is Gas Authority of India Limited.

2. What is GAIL company India?

GAIL (Gas Authority of India Limited) is a prominent state-owned natural gas company in India. It was established in 1984 and has since played a crucial role in the development and expansion of India’s natural gas sector.

3. What are the core businesses of GAIL?

The core businesses of GAIL are gas transmission, gas marketing, liquefied petroleum gas (LPG) production, and marketing.

4. When was GAIL (India) Limited incorporated?

GAIL (India) Limited was incorporated on 2nd October 1984.

5. What is the role of GAIL in India’s economy?

GAIL plays an important role in India’s economy. The company provides natural gas to power plants, industries, and households. GAIL also helps to reduce India’s dependence on imported oil and promote energy efficiency.