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GAIL Q3 profit rises multifold to 23,193 crore on cheaper LNG
Mint Mumbai
|January 30, 2024
Sate-run GAIL (India) on Monday reported a multifold jump in its consolidated net profit for the quarter ended December at 13,193.34 crore, buoyed by a fall in international prices of liquefied natural gas (LNG) and increase in transmission tariff.
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During the same period of the last fiscal year, the company had reported a net profit of ₹397.59 crore. Higher gas trading margins also bolstered profits of the state-run gas utility, which imports LNG and supplies to consumers through pipelines. On Monday, GAIL (India) said it has concluded a long-term pact t
Dit verhaal komt uit de January 30, 2024-editie van Mint Mumbai.
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