Mumbai:
GAIL (India) Limited today announced its un-audited annual financial results
for the financial year 2004-2005. The company has recorded growth in all key
physical as well as financial parameters in the Financial Year 2004-05. According
to provisional figures, the highlights of GAIL''s financial and physical performance
in FY 2004-05 are: - Turnover
(excluding internal consumption and net of excise duty) up 15 per cent to
Rs12,435 crore from Rs10,827 crore in FY 2003-04
- Profit
After Tax up 4 per cent to Rs1,947 crore from Rs1,869 crore in the last year
- Gas Transmission
up 16 per cent to 72.86 MMSCMD from 62.84 MMSCMD in the previous financial
year
- Polymer
Sales up 17 per cent to 3,19,000 MT from 273, 000 MT in the last financial
year
- PG Transmission
up 16 per cent to 2.14 million MT from 1.84 million MT in FY 2003-04
The
increase in the turnover was due to increase in natural gas sales / transmission
on account of supply of R-LNG, increase in polymer sales and increase in LPG
transmission due to increase in throughput in the Jamnagar Loni LPG
Pipeline and commissioning of Vizag Secunderabad LPG pipeline. The
company expects that without the 166 per cent increase in sharing LPG and
kerosene subsidies to Rs1,138 crore (from Rs.428 crore in 2003-04), the PAT
would have registered an increase of 26 per cent over the last fiscal. The
subsidy burden due to kerosene subsidy alone has been Rs601 crore, which is
53 per cent of the total burden. GAIL,
is a natural gas major, focused on all aspects of the gas value chain including
exploration and production, gas marketing and transmission, gas processing,
LPG production, petrochemicals and telecom. It has equity participation in
three retail gas companies in Egypt Fayum Gas Company, NATGAS and Shell
CNG, Egypt and has acquired 10 per cent equity in China Gas Holdings in China
and is involved in exploration in Egypt, China, Iran, Myanmar, Russia,
Kazakastan, Bangladesh, Turkey, and Romania. GAIL Global (Singapore) Pte Ltd
in Singapore is a wholly-owned subsidiary company.
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