GAIL (India) Limited, a Maharatna public sector company under the Government of India, has shared details of its listed debentures and corporate bonds with the National Stock Exchange (NSE) and BSE Limited. This disclosure, made on 16th April 2025, covers information relevant to the financial year ending 31st March 2025. The submission was made in accordance with SEBI regulations and provides a transparent view of GAIL’s financial instruments in the debt market.
GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) is an Indian state-owned energy corporation with primary interests in the trade, transmission and production distribution of natural gas. GAIL was founded as the Gas Authority of India Ltd. in August 1984 under the Ministry of Petroleum and Natural Gas to build, operate and maintain the HVJ Gas Pipeline.
According to the filed Annexure XIV-B, GAIL has listed 15,750 non-convertible debentures (NCDs), each with a face value of ₹10 lakh, under ISIN INE129A08014. These NCDs were issued on 20th December 2022 and listed on NSE and BSE on 21st December 2022. The total issue size stands at ₹1,575 crore. These debentures are traded in dematerialised format with a minimum lot size of ₹10 lakh and a tick size of 1 paise.
The NCDs carry an annual interest rate of 7.34%, with interest payments scheduled every year. The first interest payment was made on 20th December 2023, and the next is due on 20th December 2024. The final maturity and redemption of the debentures are set for 20th December 2027. GAIL has specified that the record date for each payment is 15 days prior to the due date, as per the terms outlined in the Placement Memorandum.
In terms of creditworthiness, the NCDs have been rated AAA/STABLE by both India Ratings and Research and CARE Ratings, as of 30th November 2022. This indicates a high level of safety and strong confidence in GAIL’s ability to meet its debt obligations on time. GAIL confirmed that it has made all interest payments without any delays or defaults. For the year 2024, the company paid ₹115.60 crore in interest on 20th December.
GAIL also clarified that there have been no defaults on any of its other debt securities. The transparency in reporting and timely interest payments reinforce GAIL’s reputation in the market. The BSE listing also includes key trading identifiers such as the scrip code 974439 and scrip ID 734GIL27.
This detailed disclosure reflects GAIL’s commitment to maintaining high standards of financial transparency and compliance, which is crucial for investors and stakeholders in the Indian debt market.
