Who supplies India's gas
11 listed companies earned ₹469,543 crore from gas supply in FY25. GAIL (India) Ltd earned the most, 34.6% of it. Aegis Vopak Terminals Ltd earned the most on each rupee of sales: 76.0%.
The brands, and who owns them
HP Gas, APPU, Appu LPG are Hindustan Petroleum Corporation Ltd's; Aegis Puregas, Magna are Aegis Logistics Ltd's; My Adani Gas is Adani Total Gas Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
GAIL (India) Ltd had 34.6% of the listed companies' revenue from gas supply here, 1.6 times as much as Bharat Petroleum Corporation Ltd, the next largest. The two together sold 57%; the other 9 the rest.
How the sales have grown, and who sold them
The listed companies here earned ₹3.85 lakh Cr from gas supply in FY26. Counting only the companies with figures in both years, sales went from ₹40,726 Cr in FY19 to ₹49,903 Cr. The biggest rise was in FY22 (+66%) and the weakest year FY21 (-25%). Over three years Adani Total Gas Ltd grew fastest, +13.1% a year. Some companies are counted only from a later year (GAIL (India) Ltd from FY25; Bharat Petroleum Corporation Ltd from FY23; Hindustan Petroleum Corporation Ltd from FY23; Indian Oil Corporation Ltd from FY25; Reliance Industries Ltd from FY25; Oil & Natural Gas Corpn Ltd from FY25; Aegis Logistics Ltd from FY25; Oil India Ltd from FY25; Aegis Vopak Terminals Ltd from FY25).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of revenue from gas supply. GAIL (India) Ltd earned 8.0% on its sales in FY26, against 8.9% in FY25. Petronet LNG Ltd earned 12.3% on its sales in FY26, against 9.5% in FY17; its best year was FY21 at 15.0%. Indian Oil Corporation Ltd earned -0.6% on its sales in FY26, against 3.4% in FY25. Reliance Industries Ltd earned 63.1% on its sales in FY26, against 70.0% in FY25.
The companies, and their brands
| Company and brands | Sales FY25 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| GAIL (India) Ltd Sells in 26 states and 7 countries; exports 0.01% of turnover |
₹162,304 Cr | -18.9% | — | — | 8.9% | 32.5% | 17.4% | 11.2 | 9.6% | -4.0% |
| Bharat Petroleum Corporation Ltd Sells in 28 states and 7 countries; exports 1.23% of turnover |
₹103,977 Cr estimate |
+28.0% | — | — | — | — | — | 7.2 | 29.9% | -13.6% |
| Hindustan Petroleum Corporation Ltd HP Gas, APPU, Appu LPG Sells in 35 states and 30 countries; exports 2.32% of turnover |
₹60,625 Cr estimate |
-1.0% | — | — | — | — | — | 41.9 | 32.5% | -25.7% |
| Petronet LNG Ltd | ₹50,982 Cr | -14.7% | -10.4% | +10.5% | 10.8% | 12.4% | — | 10.3 | 18.7% | +4.8% |
| Indian Oil Corporation Ltd Sells in 36 states and 48 countries; exports 3.57% of turnover |
₹41,380 Cr | +5.4% | — | — | 3.4% | 3.2% | 9.5% | 5.2 | 19.2% | -17.4% |
| Reliance Industries Ltd Sells in 35 states and 112 countries; exports 50.98% of turnover |
₹22,636 Cr | -5.7% | — | — | 70.0% | 35.7% | 44.2% | 21.1 | 7.9% | -15.2% |
| Oil & Natural Gas Corpn Ltd | ₹11,618 Cr | +985.4% | — | — | 24.5% | 6.4% | 2.2% | 6.4 | 10.2% | -9.0% |
| Aegis Logistics Ltd Aegis Puregas, Magna Sells in 10 states; exports 0.36% of turnover |
₹6,114 Cr | +25.8% | — | — | 10.0% | 1.4% | 11.7% | 39.0 | 30.2% | +72.2% |
| Adani Total Gas Ltd My Adani Gas Sells in 26 states; exports 0.0% of turnover |
₹5,412 Cr | +18.4% | +13.1% | +29.8% | 17.7% | 2.2% | — | 99.5 | 14.1% | -7.2% |
| Oil India Ltd | ₹4,219 Cr | +3.7% | — | — | 60.8% | 5.8% | 21.9% | 8.7 | 9.5% | +7.5% |
| Aegis Vopak Terminals Ltd | ₹276 Cr | +74.7% | — | — | 76.0% | 0.5% | 7.9% | 124.6 | 8.1% | +2.1% |
Also sold by
See every one of these companies in Valarth
Questions people ask
Who supplies India's gas?
11 listed companies report their revenue from gas supply: GAIL (India) Ltd (GAIL), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HINDPETRO), Petronet LNG Ltd (PETRONET), Indian Oil Corporation Ltd (IOC), Reliance Industries Ltd (RELIANCE), Oil & Natural Gas Corpn Ltd (ONGC), Aegis Logistics Ltd (AEGISLOG). 1 more sell them but report them together with other products.
Which listed company earns the most from gas supply in India?
GAIL (India) Ltd, with revenue from gas supply of ₹162,304 crore in FY25: 34.6% of the listed companies' total here.
How much do listed companies earn from gas supply?
The listed companies here earned ₹469,543 crore from gas supply in FY25. Private makers are not included.
Which listed company makes the most profit from gas supply?
Aegis Vopak Terminals Ltd: its operating profit was 76.0% of its revenue from gas supply in FY25.
Who owns HP Gas?
HP Gas is a brand of Hindustan Petroleum Corporation Ltd, listed on the NSE as HINDPETRO.
Who owns APPU?
APPU is a brand of Hindustan Petroleum Corporation Ltd, listed on the NSE as HINDPETRO.
Who owns Aegis Puregas?
Aegis Puregas is a brand of Aegis Logistics Ltd, listed on the NSE as AEGISLOG.
Who owns Magna?
Magna is a brand of Aegis Logistics Ltd, listed on the NSE as AEGISLOG.
Who owns My Adani Gas?
My Adani Gas is a brand of Adani Total Gas Ltd, listed on the NSE as ATGL.