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.
𝗚𝗔𝗜𝗟 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗲𝘃𝗲𝗿 𝗔𝗻𝗻𝘂𝗮𝗹 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗼𝗳 ₹1,44,302 𝗰𝗿𝗼𝗿𝗲 (𝘂𝗽 57%) 𝗳𝗼𝗿 𝗙𝗬23.
— GAIL (India) Limited (@gailindia) May 18, 2023
GAIL (India) Limited reported Revenue from Operations of ₹1,44,302 crore in FY23 as against ₹91,646 crore in FY22. Profit after Tax (PAT) in FY23… 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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