Shares of Oil India Ltd and GAIL (India) Ltd were trading flat on 10th July. This came after the two companies announced a 15-year extension to their existing Gas Sale and Purchase Agreement (GSPA). The extension is for the supply of natural gas from OIL’s Rajasthan fields, signed on 9th July.

Under the renewed agreement, effective from 1st July, 2025, GAIL will source up to 900,000 standard cubic meters per day (SCMD) of natural gas from Oil India Ltd (OIL). The gas will be supplied to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to support cleaner power generation.

GAIL Q4 Results

GAIL reported a 2.1% year-over-year rise in revenue to Rs 35,685 crore. However, net profit fell sharply to Rs 2,049 crore—nearly half of what it was a year ago.

EBITDA for the quarter rose 13.3% year-over-year to Rs 3,215 crore, with margins improving to 9% from 8.1% in the previous quarter.

For FY26, GAIL has allocated a capex of Rs 10,000 crore. This will be used across petrochemicals, equity investments, pipelines, and its LNG business. The company also mentioned that a cut in gas supply has impacted profits. Although operations are continuing to use a mix of gas from both new and old wells.

At 11:47 AM, GAIL was down 0.34% at Rs 184.40, and OIL was down 0.99% at Rs 441 on NSE.

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