1. PRESS CONFERENCE ON FINANCIAL RESULTS FY 2007-08
NG/LPG Transmission NG Trading LPG & OLHC Petrochemicals
E&P City Gas Power GAIL Tel

2. GAIL ¦ Management The Management Team that will deliver the Strategy
Dr. U D Choubey
Chairman & Management Director
Sh M R Hingnikar
Director (HR)
Sh R K Goel
Director (Fin)
Sh Santosh Kumar
Director (Projects)
Sh A K Purwaha
Director (BD)
Sh B C Tripathi
Director (Mktg)
Functional Directors
Sh Sundareshan
Sh D N Narsimha Raju
Dr. A K Kundra
Dr. U K Sen
Sh Amit Mitra
Independent / Government Nominee Directors

3. GAIL ¦ Overview Integrated Natural Gas Company
India’s Numero Uno Gas Company
Integrated Natural Gas Company
24 Years of History, Rich Experience & Expertise
Consistent Dividend Payer
Moody’s Intl. Rating – Baa2 (Foreign) & A3 (Local)
Government of India – Majority Stakeholder (57%)
Listed in BSE, NSE & London Stock Exchange
International Presence – China, Egypt, Oman, Singapore & Myanmar
10 Years Turnover CAGR – 13%
10 Years PAT CAGR – 10%
Employees – 3548

4. GAIL ¦ Overview – Now & Then
Emerged as a Truly Integrated Company
1998
WAS
2008 IS
Branded as
Gas Authority of India Ltd
GAIL (India) Ltd
NG Trans
55 MMSCMD
82 MMSCMD
NG Trading
69 MMSCMD
LHC Prod
659 TMT
1347 TMT
Polymer Prod -
386 TMT
GAIL Tel
13000 KM OFC
E&P Blocks
27(3-Overseas) & 3 CBM
JVs/Associates
12 (Domestic)
100% Subsidiary
GAIL Global Singapore
Global Ventures
4 (1 - China & 3 – Egypt)
Lines of Business
Ventures

5. GAIL ¦ Overview – Now & Then
Strong Financial Performance Delivered
(Rs in Crores)
1998
WAS
2008 IS
Share Capital
845
Reserves & Surplus
2568
12159
Loans
1478
1265
Gross Block
5183
16958
Turnover
5397
18008
Gross Margin
1706
4506
PBT
1390
3855
PAT
1020
2601

6. GAIL ¦ Business Overview
Business Portfolio
Core Business
NG Trans Cap ~ 150 MMSCMD (7000 KM)
LPG Trans Cap ~3.8 MMTPA (1927 KM)
Transmission
Gas Marketing
No. 1 company in terms of Market Share
Trading
Significant Player
Only Polymer Plant in North India
Production Cap TPA
Petrochemicals
7 Plant across India
Significant Player
Production Cap ~ 1.3 MMTPA
LHC

7. GAIL ¦ Business Overview
Business Portfolio
Securing Gas Supply
24 Domestic
3 Overseas (2-Myanmar & 1 Oman)
3 CBM (2Chatisgarh, 1Jharkhand)
E&P
Leveraging OFC
Countrywide Presence
Carriers Carrier Service Provider
13000 KM – OFC Network
GAILTel
High Growth Area
8 JVs (IGL, BGL, MGL, CUGL, GGL, TNGCL, MNGL, AGL)
230 Cities Planned
Retail
PLL LNG terminal (6.5 MMTPA)
RGPPL – Power (2184 MW) & LNG (2.5 MMTPA)
GSEG – Power (156 MW)
Diversification
Onboard Gasification

8. GAIL ¦ Wealth Creation Creating Value : More than 5 times since 2003
Grown more than 5 times

9. GAIL ¦ Segmental Physical Highlights – FY08
Significant Growth in Core Segments
Gas Transmission
MMSCMD 6%
Gas Trading 2%
LPG Transmission
‘000 MT
11%
Petrochemicals
‘000 MT
13%
Liquid HC
(1%)
GAILTel
MBPS
57%

10. GAIL ¦ Financial Performance – FY08
Top to Bottom Growth
(Rs in Crores)
Sales (Net of ED)
12%
Gross Margin (EBITDA)
27%
PBT
35%
PAT 9%

11. GAIL ¦ Financial Performance – FY08
Bottom Growth Excluding Abnormal Item
(Rs in Crores) 9%
25%
Excluding abnormal items PAT grew by 25%

12. Completed on – Phase I : July 07 Completion sch – Phase I : May 08
GAIL ¦ Pipeline Projects – Recently Completed
Pipeline Projects – Strengthened the Core Business
Vijaipur-Kota
LNTH – 192 Kms.
Cost – Rs. 141 Cr.
Cap. – 3.5MMSCMD
Completed on – Jan 07
Kelaras-Malanpur
LNTH – 85 Kms.
Cost – Rs. 60 Cr.
Cap. – 2MMSCMD
Completed on – July 06
Jagoti-Pitampur
LNTH – 180 Kms.
Cost – Rs. 95 Cr.
Cap. – 3MMSCMD
Completed on – March 07
THULENDI
KELARAS
KOTA
MALANPUR
PHOOLPUR
JAGOTI
VIJAYPUR
RAJKOT
PITAMPUR
DAHEJ
Dahej Uran (DUPL)
LNTH – 474 Kms.
Cost – Rs. 923 Cr.
Cap. – 12MMSCMD
Completed on – June 07
Thulendi-Phoolpur
LNTH – 139 Kms.
Cost – Rs. 142 Cr.
Cap. – 2.8MMSCMD
Completed on. – May 06
URAN
DABHOL
Dabhol Panvel (DPPL)
LNTH – 327 Kms.
Cost – Rs. 402 Cr.
Cap. – 12.5MMSCMD
Completed on – Phase I : July 07
Completion sch – Phase I : May 08
Pipeline Project

13. GAIL ¦ Segmental Financial Highlights
Growth in each Segment
(Rs in Crores)
Gas Transmission
11% contributor in Sale
40% contributor in GM
Challenge - Incremental Gas volumes
No. 1 by Mkt share
57% contributor in Sale
4% contributor in GM
Challenge – Sourcing
Gas Trading
Only company in this segment
2% contributor in Sale
7% contributor in GM
LPG Transmission 4% 8%
12%
(Net of ED)
Sales 2%
14%
15%
Margin (GM)
Gross

14. GAIL ¦ Segmental Financial Highlights
Growth in core Segments
(Rs in Crores)
14% contributor in Sale
31% contributor in GM
Challenge – Sourcing of Rich gas
Petrochemicals
15% contributor in Sale
22% contributor in GM
Challenge – Subsidy
Liquid HC
Inline with Corporate Strategy
<1% contributor in Sale
Higher E&P Activities
GAILTel & Others
18%
33%
75%
(Net of ED)
Sales
28%
422%
Margin (GM)
Gross

15. GAIL ¦ Breakup of Turnover
Balanced Mix of Business Segment Turnover
Turnover (FY 07-08) – Rs Cr
* % share excluding unallocated segment

16. GAIL ¦ Breakup of Gross Margin
Business Mix – Significant Gross Margin from Core Business Actives
Gross Margin (FY 07-08) – Rs.4506 Cr
* % share excluding unallocated segment

17. GAIL ¦ Key Financial Ratios
Ratios Depicts Consistent Performer
PAT TO NET WORTH(%)
ROCE (%)
DEBT EQUITY RATIO
EPS (Rs/Share)
MARKET CAP (Rs in Crore)

18. GAIL ¦ Financial Performance - Q4
Sustained Quarter on Quarter Performance
Growth in Q4 of FY over Q4 of FY
Financial Parameters (Rs. in Crs.)
4935
1260
1098
722
Turnover
(Net of ED)
27%
Gross
Margin
(EBITDA)
76%
PBT
101%
PAT 6%
3883
716
546
681
LPG Subsidy - Rs.387 Crs (Rs.502 Crs. Q4 of FY 06-07)

19. CHAINSA-JHAJJHAR-HISSAR KOCHI-MANGALORE-BANGALORE
GAIL ¦ Upcoming Pipelines
Pipeline Projects – Strengthen the Core Business
CHAINSA-JHAJJHAR-HISSAR
LNTH – 450 Kms. #
Cost – Rs Cr.
Add. Cap. – 35MMSCMD
DADRI-BAWANA-NANGAL
LNTH – 640 Kms. #
Cost – Rs Cr.
Add. Cap. – 31MMSCMD
Phases
NANGAL
Phase I by 2011
BAWANA
DADRI
HISSAR
Phase II from 2012
JHAJJAR
CHAINSA
BAREILLY
AURAIYA
JAGDISHPUR
MALANPUR
KOTA
DAHEJ-VIJAIPUR /
GREP Upgradation
LNTH – 1115 Kms.
Cost – Rs Cr.
Add. Cap. – 66MMSCMD
GAYA
VIJAYPUR
RAJKOT
JAGDISHPUR-HALDIA
LNTH – 1690 Kms. #
Cost – Rs Cr.
Add. Cap. – 32MMSCMD
HALDIA
DAHEJ
DABHOL
KOLHAPUR
GADAG
DABHOL-BANGALORE
LNTH – 1480 Kms. #
Cost – Rs Cr.
Add. Cap. – 16MMSCMD
GOA
KOCHI-MANGALORE-BANGALORE
LNTH – 840 Kms.
Cost – Rs.3500 Cr.
Add. Cap. – 16MMSCMD
BANGLORE
MANGLORE
KANJIKKOD
KOCHI
# Including Spur lines

20. GAIL ¦ E&P Initiatives
E&P Activities – To Secure Future Gas Supplies
Total Blocks
Onshore Blocks
Offshore Blocks - Deep Water 13 & Shallow - 5
CBM Blocks
Major Operators ONGC, GSPC, OIL, Gazprom, Daweoo, Pertogas, Hardy, ENI, Jubilent, Arrow Energy
Net investment Rs.1152 Cr (upto )
Discoveries made in 5 Blocks - Cambay onland, A1 & A3 block – Myanmar, Cauvery offshore, Mahanandi offshore
Commercial Crude Oil Sales – started from 1st February 2008

21. GAIL ¦ International Rating
GAIL has been given Corporate Issuer Rating by Moody’s
Foreign currency – Baa2
(One notch above sovereign rating of Baa3)
Local Currency - A3
(Five notch above sovereign rating of Ba2)
Positive impact on debt raising capability

22. Conclusion Wrapping up with confidence Strong Financials
Strong GoI Support
Relatively New Asset
Strong Gas Demand
Dominant Position - Transmission
Large Capex Plans in Place

23. THANK YOU

24. GAIL ¦ Overview State of Art ‘Gas & Beyond’ Infrastructure
GAS PIPELINES
7000 KMS (150 MMSCMD)
11 States
LPG PIPELINES
1922 KMS
(3.8 MMTPA)
NATURAL GAS PIPELINE
GANDHAR
VAGHODIA
USAR
VIJAIPUR
LAKWA
TRIPURA
KG BASIN
VSPL
CAUVERY
BASIN
HVJ, DVPL
JLPL
RAJASTHAN
LPG PIPELINE
LPG PLANT
PATA
PETROCHEM PLANT
GAS PROCESSING
7 Plants
(1.3 MMTPA LPG)
PETROCHEMICALS
410,000 TPA

25. GAIL ¦ Overview State of Art ‘Gas & Beyond’ Infrastructure
OFC Connectivity
13,000 KMS
E&P
30 blocks (incl. 3 CBM Blocks)
R-LNG
PLL- Dahej (6.5 MTPA)
Gas Retailing (8 JV)
IGL,MGL,BGL,CUGL,GGL, MNGL,TNGCL,AGL
Power
156 MW GSEG, Hazira
2184 MW Ratnagiri (Dhabol)
Globalization
Subsidiary
100% subsidiary – GAIL Global
Retail Gas
Fayum Gas, Shell CNG, China Gas & NAT Gas
CITYGAS
OFC CONNECTIVITY
E&P BLOCKS
INDIA
DAHEJ LNG TERMINAL
MYANMAR BLOCK

26. GAIL ¦ Strategic Direction
GDP Growth underlies Energy Growth
Russia
$1.72T
Canada US
$13T
$1.16T
China
$10T
Mexico
Japan
$1.17T
$4.17T
India
Brazil
$4.16T
$1.70T
2006 GDP

27. GAIL ¦ Strategic Direction
GDP Growth underlies Energy Growth - India on Growth high Path
4.32%
1.77%
$4.95T
$1.8T
2.2%
Russia
$22.4T
$1.72T
Canada US
$13T
$1.16T
5.65%
$39.5T
3.08%
0.30%
$2.5T
$4.5T
5.31%
China
2.8%
$10T
$15.6T
Mexico
$3.4T
Japan
$1.17T
$4.17T
India
2030 GDP
Brazil
$4.16T
$1.70T
2006 GDP

28. GAIL ¦ Strategic Direction
Asia is the Fastest Growing Region
World Total Primary
Energy Consumption
Central & South America
Quadrillion Btu
Africa
Middle East
Asia
Europe
North America

29. GAIL ¦ Strategic Direction
China & India is the Fastest Energy Consuming Region
World Total Primary
Energy Consumption
Asia’s Total Primary
Energy Consumption
Quadrillion Btu
Other Asian
India
China
South Korea
Japan

30. GAIL ¦ Strategic Direction
Coal & Gas dominates India’s Total Primary Energy Consumption
World Total Primary
Energy Consumption
Asia’s Total Primary
Energy Consumption
India’s Primary
Energy Consumption
Quadrillion Btu
Other
Nuke
Gas
Coal
Liquid

31. GAIL ¦ Strategic Direction – Vision & Mission
Business Statement inline with Energy Dynamics of Indian Economy
VISION
Be the leading company in natural gas and beyond with global focus, committed to customer care, value creation for all stakeholders and environment responsibility
MISSION
To accelerate and optimise the effective and economic use of Natural Gas and its fractions to the benefit of the national economy

32. Trans National Pipeline International Opportunity
GAIL ¦ Strategy Implementation
Strategy inline with Business Statement
UPSTREAM
TRANSMISSION
MID STREAM
RETAIL &
DIVERSIFACTION
Telecom
City Gas
Power
E & P
LNG Import
Trans National Pipeline
Marketing &
Transmission
Gas processing
Petrochemical
Cross Country
Pipelines
Secure Gas From
Domestic Producers
Diversification 3
Move Upstream 2
Core Business 1
International Opportunity 4

33. Industry Attractiveness
GAIL ¦ Strategy Implementation
Strategy inline with Business Strength & Industry Attractiveness
Unattractive
Average
Attractive
Strong
Weak
Business Strength
Industry Attractiveness
E&P,
Power
NG Trading, NG Transmission
Retail & Petchem
Selective Investment
Subsidy
Liquid Hydrocarbon
Marginal Investment
Priority Investment
Telecom
Wait
& Watch

34. GAIL ¦ Strategy Implementation
Synergy in Thinking and Acting
Turk-Afg-Pak-India Pipeline
NANGAL
BHATINDA
Iran-Pak-India Pipeline
DELHI
BAREILLY
GURGAUN
AURAIYA
MATHANIA
AGRA
LUCKNOW
DISPUR
DAHEJ I & II
10 mmtpa*
JAGDISHPUR
BARMER
KANPUR
GWALIOR
PATNA
PHOOLPUR
KOTA
JHANSI
VARANASI
GAYA
AGARTALA
UJJAIN
VIJAYPUR
RAJKOT
BOKARO
BHOPAL
AHMEDABAD
DAMRA
LNG
HAZIRA
2.5 mmtpa
KOLKATA
PUNE
BHARUCH
CUTTACK
BARODA
Existing
SURAT
BHUBANESHWAR
Upcoming
MUMBAI
KRISHNAPATNAM
Transmission Pipelines
DABHOL
5 mmtpa
SOLAPUR
RAJAMUNDRY
KAKINADA
KOLHAPUR
HYDERABAD
Existing
VIJAYAWADA
GOA
GAIL’s Planned Pipeline
RIL’s East West Pipeline
RIL’s Planned Pipeline
GSPC’s Planned Pipeline
NELLORE
HASAN
BANGLORE
CHENNAI
TUTICORIN
TIRUCHCHIRAPALLI
MANGALORE
2.5 mmtpa
MANGLORE
City Gas/ CNG
Existing
KANJIKKOD
COIMBTORE
Planned
KOCHI
5 mmtpa
LNG Terminal

35. Funded Through a Mix of Internal Resources and Borrowings
GAIL ¦ Strategy Implementation
Segment wise Investments – Balanced Approach
Capex in :
Rs. 1,349 Cr
Rs in Cr
Funded Through a Mix of Internal Resources and Borrowings

36. Funded Through a Mix of Internal Resources and Borrowings
GAIL ¦ Strategy Implementation
Segment wise Investments – Balanced Approach
Total Capex in 5 years:
Rs. 28,835 Cr
Rs in Cr
Funded Through a Mix of Internal Resources and Borrowings

37. GAIL ¦ Strategy Implementation
Recent Accomplishments
MoU with RIL – International Petrochemical Plant
GTA signed with RIL
100% PMT Gas supply through GAIL’s infrastructure
MoU with HPCL, Mittal, TOTAL and OIL for integrated refinery project in Vizag
Feedstock Supply Agreements for Assam Gas Cracker Project signed - GAIL assures full support to the project
GAIL, ONGC sign MoU for formation of JV for monetizing the gas reserves discovered by ONGC in KG and Mahanadi basins
GAIL signs MoU with Transparency International India for Integrity Pact with Contractors
Petroleum Secretary compliments GAIL on Dahej – Dabhol pipeline completion
GAIL, Apollo Tyres sign accord for Steam Conversion Project through Waste Heat Recovery
GAIL bags National Award for Excellence in Cost Management
GAIL and China Gas to form Joint Venture Company
GAIL-HPCL sign JV agreement for city gas projects in Rajasthan
GAIL and Indian Oil ink MoU for JV in City Gas Distribution projects in West Bengal

38. Segment Turnover Particulars Q4 2006-07 2007-08 % Change over 2006-07
(Rs in Crores)
Particulars Q4
% Change
over
Transmission Services
a) Natural Gas
411
498 21
b) LPG Transmission 91
107 18
Gas Trading
2339
2769
Petrochemicals
633
741 17
LPG & OLHC
400
791 98
GAILTEL, CNG and E&P 9 29
222
Sales Turnover (net of ED)
3883
4935 27

39. Segment Gross Margin (EBITDA)
(Rs in Crores)
Particulars Q4
% Change
over
Transmission Services
a) Natural Gas
344
439 28
b) LPG Transmission 66 86 30
Gas Trading 36 72
100
Petrochemicals
337
404 20
LPG & OLHC
(51)
379
843
GAILTEL 3 -
Unallocated
(19)
(123)
Gross Margin (EBITDA)
716
1260 76

40. Segment PBT Particulars Q4 2006-07 2007-08 % Change over 2006-07
(Rs in Crores)
Particulars Q4
% Change
over
Transmission Services
a) Natural Gas
264
368 39
b) LPG Transmission 42 64 52
Gas Trading 36 72
100
Petrochemicals
300
366 22
LPG &OLHC
(75)
354
572
GAILTEL 1
0.17
(69)
Unallocated
(22)
(126)
Profit before Tax (PBT)
546
1098
101

41. Shareholding Pattern as on 31.03.08 Shareholders >1% or more
GAIL ¦ Overview
Shareholding Pattern - Strong Support from GoI
Shareholding Pattern as on
Shareholders >1% or more
President of India 57.34%
Life Insurance Corporation 5.94%
ONGC 4.83%
IOC 2.42%
Templeton Global Advisers 1.55%
Magellan 1.20%
Government of India (“GoI”) is GAIL’s majority shareholder
The administrative ministry is the Ministry of Petroleum & Natural Gas, GoI
GoI has no plans to reduce its shareholding in GAIL