Gujarat State Petronet has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit after for the quarter ended June 30, 2011 rose 30.70% at Rs 137.37 crore as compared to Rs 105.10 crore for the corresponding quarter last year. Its total income increased 14.75% at Rs 295.46 crore for the quarter under review from Rs 257.49 crore for the same quarter last year.
Gujarat State Petronet is a subsidiary Gujarat State Petroleum Corporation (GSPC). It has the taken initiative in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply sources and demand markets.
