State-owned gas utility GAIL India on Monday announced a 1:1 bonus, a record dividend payment and the biggest capital expenditure of Rs 54,000 crore, buoyed by record net profit numbers.
The transporter and marketer of natural gas reported that its net profit rose 10 per cent in the fourth quarter to Rs 1,122 crore and by 30 per cent to a record Rs 6,026 crore in the financial year ended March 31, 2019.
The GAIL board recommended a final dividend of Rs 1.77 per share to take the total dividend payout to Rs 8.02 per share in the fiscal, once again its highest.
