New Delhi: GAIL’s quarterly profit more than doubled from a year earlier on booming global gas and oil prices.
GAIL’s profit in the October-December quarter rose 121 per cent to Rs 3,288 crore from Rs 1,487 crore in the year-earlier period, driven by spectacular gains in the natural gas marketing and LPG business. Revenue from operations rose 67 per cent to Rs 25,776 crore.
