GAIL India, state-run gas utility firm is planning to enter into contract with a Pakistani firm to export natural gas through a pipeline from Punjab. It is likely to import gas in its liquid form, called liquefied natural gas (LNG), on a port in Gujarat or Maharashtra and after processing this again into gaseous state, it will transport the gas through cross-country pipeline network to Jalandhar. The company will transfer the gas from Jalandhar a 110-km line, which is proposed to be laid to international border near Atari for delivery to Pakistan.
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.
Company Name | CMP |
---|---|
GAIL India | 196.70 |
Petronet LNG | 307.00 |
Linde India | 8421.90 |
Confidence Petroleum | 87.29 |
Refex Industries | 155.75 |
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