GAIL Limited

As of July 2020, GAIL remains on the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement In Iran because of oil-related investment of US $20 million since 1996.  (https://www.patreasury.gov/pdf/divestment/2020-Annual-Divestment-Report.pdf)

In 2016 Tennessee used the South Carolina list of "Entities Ineligible to Contract with the State of South Carolina or any Political Subdivision of the State per the Iran Divestment Act of 2014, S.C. Code Ann." as its list of persons it determines engage in investment activities in Iran. GAIL was included on this list in 2016. "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list." (https://www.tn.gov/content/dam/tn/generalservices/documents/cpo/cpo-library/public-information-library/List%20of%20persons%20pursuant%20to%20Tenn.%20Code%20Ann.%2012-12-106%20Iran%20Divestment%20Act.pdf)

In 2015, the North Carolina General Assembly enacted the Iran Divestment Act of 2015 to implement the authority granted by the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. The Act prohibits the North Carolina Retirement Systems or the Department from investing in funds with individuals or companies engaging in certain defined investment activities in Iran. In addition, State agencies, local government units, and other political subdivisions of the State are prohibited from contracting with companies on the Department’s “Final Divestment and Do-Not-Contract List-Iran.” As of August 30 2019, GAIL is listed as a restricted company.   (https://files.nc.gov/nctreasurer/documents/files/DivestmentandDoNotContract/iran-divestment-act-annual-report-2018-10-26-x.pdf)

On March 31, 2017, GAIL was removed from the Alaska Retirement Management Board's list of companies doing business with Iran. (http://treasury.dor.alaska.gov/Portals/3/docs/ARMB%20Iran%20Divestment%20List%203-31-17.pdf)

As of June 8, 2020, GAIL is listed on the Pennsylvania Department of General Services Iran Free Procurement List. Entities included on this list are ineligible to enter into a contract with the Commonwealth of Pennsylvania for goods and services worth at least $1,000,000 per sections 3501-3506 of the Commonwealth Procurement Code, 62 Pa. C.S. §§ 3501-3506.   (https://www.dgs.pa.gov/Documents/Procurement Forms/ProposedIranFreeProcurementList.pdf)

In 2017 the U.S. states of North Carolina and Pennsylvania listed GAIL on its list of companies engaged in investment activities in Iran rendering GAIL ineligible for investment and/or state contracting. (https://www.nctreasurer.com/inside-the-department/OpenGovernment/Reports/2017%20Iran%20Divestment%20Report.pdf) (https://www.patreasury.gov/pdf/divestment/2017-Annual-Divestment-Report.pdf)

On March 14, 2017, GAIL was removed from the Florida State Board of Investments Iran Continued Examination list. (https://www.sbafla.com/fsb/Portals/FSB/Content/GlobalGovernanceMandates/QuarterlyReports/2017/Global_Governance_Mandates_and_Florida%20Statutes_2017_03_14.pdf?ver=2017-03-14-132558-093)

In 2018 Tennessee used the New York list of “Entities determined to be non-responsive bidders/offerers pursuant to the New York State Iran Divestment Act of 2012.” BPCL was included on this ist in 2018. Tennessee states "Inclusion on this list would make a person ineligible to contract with the state of Tennessee, if a person ceases its engagement in investment activities in Iran, it may be removed from the list."

Gail is listed on the March 1, 2022 Report to the New Jersey Legislature Iran Divestment as a prohibited company. (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)

As of October 2019, GAIL remains on the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran for its oil-related investments of at least US $20 million since 1996.  (https://www.patreasury.gov/pdf/divestment/2019-Annual-Divestment-Report.pdf)

In 2011, GAIL was added to the Pennsylvania Treasury's List of Scrutinized Companies Determined as Having Involvement in Iran because of oil-related investment of US $20 million since 1996. (https://www.patreasury.gov/pdf/divestment/2011-Annual-Divestment-Report-print.pdf)

"The visit by a team comprising three gas buyers in India, including Gail and IOL, plans to discuss the cost of the gas that would be acquired through the pipeline and other modalities, people familiar with the developments..." (Economic Times, "GAIL, IOL team to visit Iran in March for $4.5-billion undersea gas pipeline," 2/29/2016). (https://economictimes.indiatimes.com/industry/energy/oil-gas/gail-iol-team-to-visit-iran-in-march-for-4-5-billion-undersea-gas-pipeline/articleshow/51183891.cms?from=mdr)