GAIL (India) Ltd has reported a Rs 2,872.62-crore net profit for the second quarter of 2021-22. This is 168 per cent higher than the Rs 1,068.16-crore bottom line written by the company in the same period of the previous financial year.

Total income also reported a significant rise to Rs 22,056.21 crore, up from Rs 14,104.80 crore during the comparable period.

• Vedanta Outlook for the Week (April 29, 2024 – May 03, 2024)
• Tata Steel Outlook for the Week (April 29, 2024 – May 03, 2024)
• PFC Outlook for the Week (April 29, 2024 – May 03, 2024)
• Piramal Enterprises Outlook for the Week (April 29, 2024 – May 03, 2024)
• MANAPPURAM Outlook for the Week (April 29, 2024 – May 03, 2024)

During the quarter, the physical performance improved across all segments. Natural Gas Transmission increased to 114.32 million standard cubic meters per day (MMSCMD) in the quarter under review as against 107.66 MMSCMD in the first quarter of the current financial year. Natural Gas Marketing increased to 97.72 MMSCMD during the quarter against 95.95 MMSCMD in the preceding quarter Chairman and Managing Director, GAIL, Manoj Jain, said that GAIL has incurred a capital expenditure of Rs 3,180 crore in the first half of the current financial year. This is mainly on pipelines, equity and petrochemicals.