On 16th April 2025, GAIL (India) Limited, a Maharatna company owned by the Government of India, submitted a detailed report to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) regarding its listed debentures and bonds for the financial year ending 31st March 2025.
What Are These Debentures?
GAIL has issued 15,750 non-convertible debentures (NCDs), each with a face value of ₹10 lakh. These NCDs have been listed on both NSE and BSE and are identified by the ISIN number INE129A08014. The debentures were allotted on 20th December 2022 and were listed on the exchanges the next day, 21st December 2022. The total amount raised through this issue is ₹1,575 crore.
When Will Interest and Final Payment Be Made?
The debentures pay interest once a year. The first interest was already paid on 20th December 2023. The next interest payment is due on 20th December 2024, and this schedule will continue annually until the debentures mature on 20th December 2027. On that date, GAIL will repay the principal amount as well. To decide who is eligible for interest or repayment, a record date is fixed 15 days before each payment date, as per the company’s Placement Memorandum.
Are These Debentures Safe?
Yes. These debentures have been rated AAA/STABLE by two top credit rating agencies—India Ratings and Research and CARE Ratings—as of 30th November 2022. AAA is the highest rating, which means the investment is considered very safe and the company is expected to meet its repayment obligations on time.
Has GAIL Paid the Interest?
Yes. GAIL has clearly mentioned that it paid the full interest amount of ₹115.60 crore on 20th December 2024 without any delay. The previous year’s interest was also paid on time, and the company confirmed that interest is being paid once a year, without any changes to the schedule.
Any Missed Payments?
No. GAIL stated that there have been no defaults or delays in repayment of this or any other debt security issued by the company. This further builds trust among investors and shows GAIL’s strong financial position.
Trading Details for Investors
These debentures are listed for trading on BSE with the following details:
- Scrip Code: 974439
- Scrip ID: 734GIL27
- Security Name: GIL-7.34%-20-12-27-PVT
- Interest Rate: 7.34% per year
- Trading Mode: Only in dematerialised form
- Minimum Investment: ₹10 lakh
- Tick Size: 1 paise
This means that investors can buy and sell these debentures in electronic format with a minimum lot of ₹10 lakh, and the price can move in steps of 1 paise.
Conclusion:
With a solid AAA credit rating, timely interest payments, and no defaults, GAIL’s debentures offer a reliable investment option for those looking to invest in corporate debt. The listing on both NSE and BSE ensures easy trading access for investors across India.
