Gas Authority of India (GAIL) is eying at medium-term (for one to 12 months) imported contracts to meet the growing gas demand amidst limited domestic supplies. It is looking at Russia, West Asia, and South-East Asia for sourcing liquefied natural gas.
In the January-March quarter of the current fiscal, the company plans to acquire four spot cargoes. It is sourcing cargo from Marubeni (Japan), Sonatrach (Algeria), Rasgas (Qatar), as well as a US-based company. It is in discussion with five-six players, including Macquarie Energy, to source LNG.
The company has posted a surge of 12.79% in its net profit of Rs 1091.42 crore for the quarter ended December 31, 2011 as compared to Rs 967.63 crore for the same quarter in the previous year. Total income has increased by 31.97% from Rs 8,574.21 crore for Q3FY11 to Rs 11,315.50 crore in the quarter under review.
| Company Name | CMP |
|---|---|
| GAIL India | 158.80 |
| Gujarat Gas | 364.45 |
| Indraprastha Gas | 168.55 |
| Mahanagar Gas | 1140.00 |
| Adani Total Gas | 628.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: