GAIL (India) Ltd sold 100% U.S. LNG till 2020, and about 80%-90% beyond 2020, Chairman B C Tripathi said. GAIL aims to import 75 LNG cargoes in FY20 Vs 62 in FY19.
GAIL aims to borrow 50 bln rupees in FY20. GAIL pegs FY20 capex at 70 bln rupees. GAIL has signed MoU with ExxonMobil to explore the use of LNG for transportation and bunkering
GAIL standalone net up 20 per cent in Q4
GAIL (India) Ltd. has reported a standalone net profit of ₹11.2223 billion for the fourth quarter ended March 31, 2019. This represents a 19.72 percent increase over the net profit of ₹10.2092 billion recorded in the same quarter of the previous financial year. Total income during the quarter under review rose by 24.98 percent to ₹196.2975 billion.
The company’s board has recommended the issuance of fully paid up bonus share in the ratio of 1:1. This means, the shareholders will get one more fully paid up share for each share held.
The board has also recommended a pre-bonus final dividend of 17.70 percent (₹1.77 on equity share of ₹10 each) for the fiscal year 2018-2019, a company statement said. This will amount to ₹3.9915 billion.
On a consolidated basis, in FY2018-19, the total income was ₹774.8844 billion as against ₹555.0703 billion during the previous year, registering an increase of 39.60 percent. For the GAIL (India) group, net profit for 2018-19 was ₹65.5277 billion to ₹ 48.0505 billion in the previous year, registering an increase of 36.37 percent.
