GAIL reports highest ever annual revenue in 2022-23 at Rs 144,302 cr
NEW DELHI:
GAIL (India) Ltd reported revenue from operations of Rs 144,302 crores in 2022-23 as against Rs 91,646 crore the previous fiscal, a 57 per cent year-on-year growth and its highest ever. Profit before Tax (PBT) in 2022-23 stood at Rs 6,584 crores as against Rs 13,590 crores in 2021-22. Accordingly, Profit after Tax (PAT) in 2022-23 stood at Rs 5,302 crores as against Rs 10,364 crores in 2021-22.
๐๐๐๐ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ต๐ถ๐ด๐ต๐ฒ๐๐ ๐ฒ๐๐ฒ๐ฟ ๐๐ป๐ป๐๐ฎ๐น ๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐ผ๐ณ โน1,44,302 ๐ฐ๐ฟ๐ผ๐ฟ๐ฒ (๐๐ฝ 57%) ๐ณ๐ผ๐ฟ ๐๐ฌ23.
— GAIL (India) Limited (@gailindia) May 18, 2023
GAIL (India) Limited reported Revenue from Operations of โน1,44,302 crore in FY23 as against โน91,646 crore in FY22. Profit after Tax (PAT) in FY23โฆ pic.twitter.com/3aWPkooHot
Sandeep Kumar Gupta, Chairman and Managing Director, GAIL said that the Company has incurred its highest ever capital expenditure of Rs 9,100 crore during 2022-23 mainly on Pipelines, Petrochemicals, Equity to JVs, which is 15 per cent higher than annual target of Rs 7,918 crore. He stated that the company has successfully implemented Unified Tariff effective April 1, 2023 which will help India to achieve the ‘One Nation One Grid One tariff’ model and also boost the gas consumption in distant areas.
GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain. GAIL is also expanding its presence in renewable energy like Solar, Wind and Biofuel. (ANI)
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