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Net profit of Gujarat Gas rises 91%

Net profit of Gujarat Gas rises 91%

Net profit of Gujarat Gas rose 91.2 percent to Rs 101.13 crore during Apr-Jun 2013 compared to Rs 52.88 crore in the year-ago period. Gujarat Gas is a subsidiary of GSPC Distribution Network (GNDL), which recently acquired 73.70 percent stake in the firm. Consolidated profit after tax (PAT) of the firm during the quarter stood at Rs 100.6 crore as against Rs 59.50 crore in the preceding quarter. It may be recalled that this is the first time the firm is reporting the consolidated profit afte

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Petronet may commission Kochi terminal by end March 2014

Petronet may commission Kochi terminal by end March 2014

As many as three Re-gasified Liquefied Natural Gas (R-LNG) terminals exist now in the country while the fourth R-LNG terminal is under construction at Kochi (Kerala) by Petronet LNG (PLL). Giving this information in a written reply in the Lok Sabha recently, Panabaaka Lakshmi, Minister of State for Petroleum & Natural Gas informed that the Kochi RLNG terminal may be commissioned during 2013