GAIL (India) Limited shareholders approved the company’s financial statements for FY26 and declared a final dividend of ₹0.50 per equity share during its 42nd Annual General Meeting held on August 27, 2026.

The meeting, conducted via video conferencing, also saw the re-appointment of two directors retiring by rotation and the approval of new board members and related-party transactions with key subsidiaries.

Financial Performance

Chairman and Managing Director Deepak Gupta highlighted that GAIL delivered steady financial performance despite global geopolitical tensions affecting LNG supply chains. The company reported revenue from operations of ₹1,38,697 crore for FY26, an increase from ₹1,37,288 crore in the previous fiscal year.

Profit before tax stood at ₹8,964 crore, while profit after tax was recorded at ₹6,968 crore. The Comptroller and Auditor General of India conveyed nil comments on the financial statements for the seventeenth consecutive year, affirming the company’s governance standards.

Operational Highlights

GAIL transmitted an average of approximately 122 MMSCMD of natural gas through its pipeline network and marketed around 104 MMSCMD during the fiscal year. The National Gas Grid now extends over 18,690 kilometres, with nearly 1,500 kilometres under construction.

The company’s LNG sourcing portfolio stands at 16.56 MMTPA. During FY26, GAIL imported 132 LNG cargoes, including seven spot cargoes. Long-term charter agreements were concluded for two vessels, GAIL Bhuwan and Energy Fidelity, bringing the total accessible fleet to nine LNG vessels.

Strategic Expansions

Several infrastructure projects progressed during the year:

• The Dabhol LNG Terminal achieved year-round operability and received its 1000th LNG cargo. The Board approved a scheme to merge Konkan LNG Limited with GAIL.
• Capacity of the Jamnagar-Loni LPG Pipeline is being expanded from 3.25 MMTPA to 6.5 MMTPA.
• A 60 KTA Polypropylene Unit was commissioned at Pata, increasing integrated complex capacity to 870 KTA.
• Work continues on the 500 KTA PDH-PP Project at Usar, estimated at ₹11,256 crore, and a 1.25 MMTPA PTA plant at Mangalore.

The Board granted in-principle approval for two gas-based fertiliser plants in Maharashtra and Chhattisgarh, involving a combined investment of approximately ₹21,000 crore.

Governance and Appointments

Shareholders approved the following resolutions:

• Re-appointment of R K Singhal and Ayush Gupta as directors.
• Appointment of Rohit Mathur as a Government Nominee Director and Satish Kumar Sinha as Director (Finance).
• Ratification of remuneration for cost auditors.
• Approval of material related-party transactions with Petronet LNG Limited, Indraprastha Gas Limited, Mahanagar Gas Limited, and Ramagundam Fertilizers and Chemicals Limited.

What the Numbers Show

GAIL’s profit after tax of ₹6,968 crore represents approximately 5% of its total revenue from operations of ₹1,38,697 crore. This margin reflects the impact of volatile global LNG prices and freight rates mentioned by management, which pressured profitability despite a marginal increase in top-line revenue.

GAIL India is setting up a petrochemical plant with a capacity of 1.25 million tonnes per year in southern Karnataka, according to a company executive.

Plant details

The following details have been disclosed regarding the proposed facility:

The announcement was made by a GAIL India executive, confirming the company's plans to establish the petrochemical facility in the southern Karnataka region. No further details regarding the timeline, investment outlay, or specific products to be manufactured at the plant were disclosed in the available information.