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A S I A -PACIFIC SOUTH ASIA up by 44% as compared to the last fiscal year.
The group companies mainly Indraprastha Gas
KBR signs MoU with LTHE GAIL records 10% increase Limited, Mahanagar Gas Limited, GAIL Gas
Limited, Petronet LNG Limited, Konkan LNG
for downstream projects in PAT to Rs. 6,621 crore in Limited and Brahmaputra Cracker & Polymer
Limited contributed to add to the group
KBR has signed a memorandum of FY 20 consolidated profit.
understanding with L&T Hydrocarbon Mr. Manoj Jain, Chairman & Managing
Engineering Ltd (LTHE) for refinery and GAIL (India) Limited recorded a Profit after Director, GAIL said that the company had made
petrochemical projects. Tax (PAT) of Rs 6,621 crore for the financial Capex of Rs 6,100 crore in the current FY 2019-
Under the terms of the agreement, KBR year 2019-20, a rise of 10 % from Rs. 6,026 20, mainly in the on-going pipeline projects.
and LTHE will collaborate to develop business crore over the previous financial year 2018-19. He further stated that consequent upon debt
opportunities for which KBR will license The turnover for the year stood at Rs. 71,730 resolution of KLL, GAIL’s equity in KLL has
proprietary technology and engineering services crore as against Rs. 74,808 crore in the last increased from 40.92% to 69.06%. Accordingly,
and LTHE will be the EPC provider. LTHE will fiscal year whereas the Profit Before Tax (PBT) KLL has become GAIL’s subsidiary.
exclusively bid for projects globally, with specific in the current year stood at Rs. 7,943 crore GAIL (INDIA), June 24, 2020
focus in India, South East Asia, the Middle East as against Rs.9,085 crore during the previous
and Africa involving KBR’s solid acid alkylation year. The increase in PAT is mainly due to
technology (K-SAATTM), solvent de-asphalting adoption of lower tax regime. SOUTHEAST ASIA
technology (ROSE) and catalytic olefins The Earning per share in FY20 was Rs. 14.68
technology (K-COTTM). as against Rs. 13.36 (adjusted) in the previous Uzma wins Petronas
K-SAAT is KBR’s next generation solid acid year.
alkylation technology that provides high alkylate On quarterly basis, GAIL recorded a turnover Carigali PWIM contract
yield and high feed flexibility. KBR’s solvent of Rs. 17,709 crore, PBT of Rs. 2,556 crore and
de-asphalting technology, ROSE, has more than PAT of Rs. 3,018 crore in Q4 FY 19-20. The PBT The board of directors of Uzma is pleased
90% market share among solvent de-asphalting and PAT recorded an increase of 47% and 169% to announce that Uzma Engineering Sdn.
technologies. KBR’s K-COT is a catalytic olefins respectively vis-a-vis the corresponding period Bhd. (UESB), a wholly-owned subsidiary of
technology that convert low-value olefinic, in the last fiscal year. the company has received a letter of award
paraffinic or mixed streams into high-value During the year 2019-20, the consolidated from PETRONAS Carigali Sdn. Bhd. (PCSB)
propylene, ethylene and aromatics. turnover of the GAIL group companies stood for the provision of portable water injection
KBR, June 19, 2020 at Rs. 72,414 crore, down 5% from previous module (PWIM) for Sepat platform.
year while the group PAT was Rs. 9,422 crore, UESB’s scope includes design,

Week 25 25•June•2020 www. NEWSBASE .com P17