GAIL (India) Limited has announced a significant collaboration with Rashtriya Chemicals and Fertilizers (RCF) to set up a gas-based fertiliser project in Maharashtra. This development was disclosed in a press release submitted to the National Stock Exchange of India Limited and BSE Limited on 30th October 2026. The memorandum of understanding (MoU) between the two companies marks a strategic move to enhance the production of fertilisers in the region, leveraging GAIL’s expertise in natural gas transmission and marketing.
In addition to this collaboration, GAIL reported its financial results for the second quarter of the fiscal year 2026-27. The company recorded a revenue from operations of ₹45,924 crore, reflecting an increase from ₹38,981 crore in the previous quarter. Profit before tax (PBT) for the quarter stood at ₹5,838 crore, while profit after tax (PAT) was reported at ₹4,650 crore, up from ₹4,292 crore in the first quarter. The results highlight GAIL’s resilience in its core business areas, particularly in natural gas transmission and marketing, despite ongoing geopolitical challenges.
On a consolidated basis, GAIL’s revenue from operations for the first half of FY27 reached ₹88,651 crore, compared to ₹71,086 crore in the same period of the previous year. The company’s PBT for this period was ₹12,368 crore, and PAT, excluding minority interest, was ₹9,385 crore, both showing significant growth over the previous year. The company also reported a capital expenditure of ₹7,600 crore for the first half of FY27, with ₹1,425 crore incurred in the second quarter, aligning with its long-term growth strategy.
Operationally, GAIL demonstrated robust performance across various segments in Q2 FY27. Natural gas transmission volumes increased to 130.10 MMSCMD from 122.36 MMSCMD in the previous quarter, while gas marketing volumes rose to 97.23 MMSCMD from 93.82 MMSCMD. The company also reported higher production figures in LHC and polymer production, indicating a strong operational quarter.
Analysts view GAIL’s financial performance and strategic initiatives, such as the collaboration with RCF, as positive indicators of the company’s commitment to growth and diversification. The increase in operational volumes and the focus on strategic projects underscore GAIL’s resilience and adaptability in a challenging market environment.
