GAIL (India) Ltd. recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional activity in the gas distribution major's shares. The transaction represents one of the notable block deals in the energy sector.

Block Trade Details

The block trade executed on NSE involved substantial volume and value, demonstrating strong institutional interest in the company's shares.

Market Significance

Block trades are typically executed by institutional investors, mutual funds, insurance companies, or other large market participants. These transactions allow large volumes to be traded without significantly impacting the stock's regular market price discovery mechanism. The execution of such trades often indicates strategic positioning by institutional investors.

The transaction price of ₹174.84 per share reflects the market valuation at which institutional participants were willing to transact in GAIL's shares. Block trades are conducted outside the regular trading mechanism to facilitate large volume transactions efficiently.

About the Transaction

The block trade mechanism enables large investors to execute substantial transactions without causing significant price volatility in the regular market. Such trades are pre-negotiated between parties and executed at agreed prices, providing liquidity for large volume requirements while maintaining market stability.

GAIL (India) Limited has announced a three-month extension in the completion schedule for two key pipeline sections, moving the target date from December 2025 to March 2026. The revision was formally approved by the company's Board of Directors during their meeting held on January 03, 2026, which commenced at 02:00 p.m. and concluded at 04:30 p.m.

Pipeline Projects Overview

The revision affects two significant pipeline sections under GAIL's major infrastructure development program. Both projects represent critical components of India's natural gas distribution network and are part of the company's broader pipeline expansion strategy.

Completion Schedule Revision Details

The company has revised the completion timeline for both remaining sections due to operational challenges. The Durgapur-Haldia section of the Integrated Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project and the Dhamra-Haldia Pipeline section will now be completed by March 2026 instead of the originally planned December 2025.

Reasons for Schedule Revision

The delay in both pipeline sections has been attributed to similar operational challenges. GAIL cited delays in obtaining Right of Use (RoU) permissions and issues related to fisheries front availability as the primary reasons for the schedule revision. These regulatory and environmental clearance processes are critical for pipeline construction activities, particularly in areas with significant fishing activities.

Project Progress Status

Despite the delays in the final sections, both pipeline projects have achieved substantial completion rates. The Jagdishpur-Haldia-Bokaro-Dhamra Pipeline has completed approximately 98.37% of its authorized length in terms of pipeline laying, with 94.34% already commissioned for operations. The Dhamra-Haldia Pipeline has achieved 90.42% completion in pipeline laying with 62.50% commissioned.

Regulatory Compliance

This disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires companies to inform stock exchanges about material events and information. The announcement continues from GAIL's previous communication dated April 09, 2025, providing updated information on the project timeline. The company has notified both the National Stock Exchange of India Limited and BSE Limited about this development, ensuring transparency with stakeholders and investors.