India’s Top 500 Companies 2022

INDIA’S TOP 500 COMPANIES 2022 51 Experts’ View and trading. Apart from key initiatives in core business of gas marketing and gas transmission business, the company is in process to build a strong business portfolio in renewable and alternate energy, Petrochemicals and specialty chemicals. In the current scenario of geopolitical volatility, how do you see the Gas Processing & Marketing sector evolve in the next few years in India? What is the company’s growth strategy over the next 3-5 years? During FY22, GAIL has achieved the highest ever yearly financial results on all three parameters i.e. turnover, PBT, and Profit after tax. This robust performance is primarily driven by improved physical performance in the natural gas marketing and transmission segment and better price realization across all business segments. India’s domestic gas production has experienced a renaissance since 2021, complementing India’s LNG demand growth which to enable India to usher towards a gas-based economy. GAIL’s robust growth is propelled by its ‘Strategy 2030’, prepared with an objective to take GAIL to the next level of growth and excellence. We aim to create a strong and balanced business portfolio and supporting organizational structure which is not only robust enough to respond to the fast-changing business scenario but also unlocks growth opportunities for the long-term growth of the Company and in turn, delivers long-term value to stakeholders. Several strategic initiatives were identified across various business verticals, primarily focusing on core areas like Gas Sourcing and Marketing, Expansion of the National Gas Grid (NGG), CGDs, expansion in Petrochemicals including PDHPP, etc. Apart from these, new potential growth drivers such as creating a sizable renewable energy portfolio, entering into specialty chemicals, investing in new technologies, and clean energy have also been analyzed. GAIL will continue to explore diverse business prospects, making seed investments in new emerging areas which can provide GAIL with the requisite experience to scout for scalable opportunities in the coming years to provide a strong foundation for driving the next phase of growth beyond 2030. For the next 3 to 5 years GAIL is building National Gas Grid (NGG), PDHPP & PP plants, while also sourcing for additional LNG. GAIL has aligned itself with Government priorities, supporting the development of the Indian gas market and working towards the completion of the NGG and is laying important sections of NGG i.e., Jagdishpur-Haldia-Bokaro- Dhamra Pipeline, Barauni-Guwahati Pipeline, Kochi-Koottanad-Bengaluru- Mangaluru Pipeline Phase-II, Vijaipur- Auraiya Pipeline, Mumbai-Nagpur- Jharsuguda Pipeline, North East Gas Grid (through Indradhanush Gas Grid Limited, JVC with IOCL, ONGC, OIL, NRL) and providing last-mile connectivity which will add another 5000 km in NGG with estimated capital expenditure of more than ` 25,000 crore. GAIL is also constructing the breakwater facilities at its Dabhol terminal in Maharashtra, after which, the terminal shall be able to operate throughout the year, utilizing its full capacity. GAIL is an integral part of the MoP&NG’s initiative – SATAT (Sustainable Alternative Towards Affordable Transportation) and is exploring various business opportunities in Compressed Bio Gas (CBG). GAIL has set a target of supporting 400 CBG plants through issuing LOIs and 255 LOIs have already been issued. Apart from these, a pilot 5 TPD CBG project at Ranchi is in the verse of completion and another waste- to-energy project is being envisaged in Bengaluru. GAIL India has decided to invest ` 6,000 crore in the next three years in green energy solutions. What are some of the other key ESG initiatives taken by your company in recent years? What impact did it have on society? GAIL is committed towards leading the Indian gas industry, with sustainability anchored at the core of its strategy and operations. Economic, environmental, and social concerns form the core of our business processes. Around 40% landholding of GAIL is covered by green belts and water bodies. In line with the COP21 Paris agreement’s 1.5-degree scenario, GAIL is formulating a detailed Science-based Net Zero target, and subsequently aligning our strategic initiatives to make the requisite investments in green energy solutions to achieve the Science-based Net Zero target. As a responsible corporate citizen and in line with the Government of India’s commitment to reduce carbon emissions, GAIL is targeting to decrease its carbon footprint in a phased manner and contribute toward a low carbon economy. In the last two years, five major GAIL sites have achieved GreenCo rating. GAIL’s Pata complex has been rated Gold category whereas GAIL’s Vijaipur, Gandhar, Vaghodia, and VSPL pipeline have been rated Silver category. GAIL has been included in the FTSE4Good Index Series for the fifth time in a row, affirming the company’s strong commitments toward Environmental, Social, and Governance (ESG) practices in the Oil and Gas sector. GAIL has commissioned India’s second- largest rooftop solar capacity at Pata and another rooftop solar PV plant of 2.64 MW capacity is underway. GAIL has commissioned a Heat-Recovery Steam Generator (HRSG) plant in GAIL Vijaipur for waste heat recovery. GAIL is currently in process of building India’s one of the largest green hydrogen plants and has undertaken a pilot project to analyze the feasibility of H-CNG (Hydrogen blended CNG). GAIL is setting up a pilot CBG Unit at Ranchi and is exploring possibilities of setting up another CBG unit at Bengaluru. GAIL has signed MoU with Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) for the setting up of green Hydrogen/green Ammonia plants along with the possibility of Renewable units and is exploring setting up Ethanol Plant for ethanol blending purposes through JV / partner mode. Dun & Bradstreet