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    GAIL   INE129A01019

GAIL INDIA LIMITED

(GAIL)
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Gail India issues tender to buy and sell LNG for Jan-Feb: sources

11/18/2020 | 12:22am EDT
Logo of India's state-owned natural gas utility GAIL (India) Ltd is pictured in New Delhi

SINGAPORE (Reuters) - Gail (India) has issued a tender seeking to buy a liquefied natural gas (LNG) cargo delivery into India and offering a cargo for loading from the United States, two industry sources said on Wednesday.

It is seeking the cargo for January delivery into India and has offered a cargo for loading from the Cove Point plant in the United States in February, one of the sources said.

The tender closes on Nov. 19, the source said.

The Indian importer has 20-year deals to buy 5.8 million tonnes a year of U.S. LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site in Louisiana.

(Reporting by Jessica Jaganathan; Editing by Tom Hogue)


ę Reuters 2020
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Financials
Sales 2021 592 B 8 042 M 8 042 M
Net income 2021 45 956 M 624 M 624 M
Net Debt 2021 58 014 M 788 M 788 M
P/E ratio 2021 16,0x
Yield 2021 2,60%
Capitalization 718 B 9 797 M 9 751 M
EV / Sales 2021 1,31x
EV / Sales 2022 1,06x
Nbr of Employees 4 682
Free-Float 41,2%
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Managers and Directors
NameTitle
Manoj Jain Chairman, MD & Director-Human Resources
A K Tiwari Chief Financial Officer & Finance Director
Anil Kumar Jha Secretary & Compliance Officer
Banto Devi Kataria Independent Director
Mahesh V. Iyer Executive Director & Director-Business Development
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