GAIL (India) Limited (GAIL.NS)
- Bloomberg
Asian LNG Prices at Highest in 2024 on Resilient Summer Buying
(Bloomberg) -- Asian spot liquefied natural gas prices rose to the highest since late-December as the region’s importers continued to snatch up shipments for delivery over the summer months.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Tesla Shareholder Group Slams Elon Musk’s $56
- Reuters
GAIL India tops Q3 profit view on gas transmission growth
GAIL (India), the country's largest gas distributor, reported a better-than-expected rise in quarterly profit on Monday, helped by increased gas transmission volume and elevated demand for petrochemicals. Revenue from the natural gas transmission segment surged 61.3% from the previous year, while revenue from petrochemicals nearly tripled. The average natural gas transmission volume rose 17.2% to 121.54 million metric standard cubic meters per day.
- Reuters
GAIL India posts Q2 profit beat on gas transmission volume strength
India's largest gas distributor GAIL (India) on Tuesday posted a bigger-than-expected rise in quarterly profit, buoyed by a boost in its gas transmission volume. "During the quarter the company has performed well, specially on the strength in gas transmission segment which will continue to perform better," Chairman Sandeep Kumar Gupta said in a statement. The state-run company's revenue from natural gas transmission segment rose 56% year-on-year.
