GAIL (India), country’s largest gas transmission and marketing company is evaluating the opportunities to enter into the business of fertilizer manufacturing. The company is exploring the possibility of supply of Ammonia Synthesis Gas (ASG) through coal gasification for production of fertilizer in FCIL, Talcher.
Besides, the company has been authorized to lay Jagdishpur-Haldia natural gas pipeline (JHPL) and Surat-Paradip natural gas pipeline. These pipelines will pass through the states of Jharkhand, Bihar, West Bengal and Odisha.
The company has reported 28.72% fall in its net profit at Rs 808.17 crore for first quarter ended June 30, 2013 as compared to Rs 1133.78 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 15.98% at Rs 12899.80 crore for quarter under review as compared to Rs 11122.35 crore for the quarter ended June 30, 2012.
