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Gail posts robust sales

Calcutta, May 2: Gail (India) Ltd has reported a 15 per cent jump in turnover for the financial year ended March 31.

The company?s turnover (excluding internal consumption and net of excise duty) rose to Rs 12,435 crore from Rs 10,827 crore in the previous fiscal.

The state-owned natural gas major has reported a 4 per cent rise in profit after tax at Rs 1,947 crore for 2004-05 compared with Rs 1,869 crore a year ago.

The company has posted a robust growth in turnover due to the increase in sales of natural gas and transmission on account of the supply of R-LNG, polymer sales and LPG transmission.

Commissioning of the Vizag-Secundrabad pipeline and increase in throughput in the Jamnagar-Loni pipeline facilitated the growth of the LPG transmission business.

During the year, gas transmission was up by 16 per cent to 72.86 MMSCMD from 62.84 MMSCMD in 2003-04. Polymer sales went up by 17 per cent to 3,19,000 tonne from 2,73,000 tonne.

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