GAIL
Gail India Buys 20% Stake in US Shale Gas Asset
Submitted by Manish Sood on Fri, 09/30/2011 - 05:45
In a strategic move, India's biggest gas transportation firm, GAIL (India) Ltd, has managed to sign a deal for 20% interest in Houston-based Carrizo Oil & Gas Inc.'s Eagle Shale Ford acreage, which affirms company’s first ever shale gas asset in the US.
Gail net profits falls by 27% in Q1
Submitted by Gurpreet Singh on Sun, 07/26/2009 - 06:45
GAIL (India) Limited has accounted a fall of 27% in its net profit at Rs 656 crore for the first quarter ending June 30, 2009.
However, its turnover rose by 5% to Rs 6,021 crore from Rs 5,731 crore in the same period last fiscal.
Mr. UD Choubey, GAIL CMD told that there was some good and bad news in the quarter passed by.
There was an increase of around 14% in gas transmission.
