Page 54 - August-2020-Issue

GAIL Records 10% Increase in PAT

to ` 6,621 crore in FY 20

AIL (India) Limited re-
corded a profit after tax
G(PAT) of ` 6,621 cr. for
the financial year 2019-20, a rise
of 10 % from ` 6,026 cr. over the
previous financial year 2018-19.
The turnover for the year stood
at ` 71,730 cr. as against ` 74,808
cr. in the last fiscal year whereas
the profit before tax (PBT) in the
current year stood at ` 7,943 cr. as
against ` 9,085 cr. during the pre-
vious year. The increase in PAT is
mainly due to adoption of lower GAIL online press conference in progress.
tax regime.
The Earning per share in FY20 consolidated turnover of the group consolidated profit.
was ` 14.68 as against ` 13.36 (ad- GAIL group companies stood at Mr. Manoj Jain, CMD, GAIL
justed) in the previous year. ` 72,414 cr., down 5% from previ- said that the company had made
ous year while the group PAT was
On quarterly basis, GAIL record- ` 9,422 cr., up by 44% as compared Capex of ` 6,100 cr. in the current
ed a turnover of ` 17,709 cr., PBT to the last fiscal year. The group FY 2019-20, mainly in the on-go-
of ` 2,556 cr. and PAT of ` 3,018 companies mainly Indraprastha ing pipeline projects.
cr. in Q4 FY 19-20. The PBT and Gas Limited, Mahanagar Gas He further stated that conse-
PAT recorded an increase of 47% Limited, GAIL Gas Limited, quent upon debt resolution of
and 169% respectively vis-a-vis Petronet LNG Limited, Konkan KLL, GAIL’s equity in KLL has
the corresponding period in the LNG Limited and Brahmaputra increased from 40.92% to 69.06%.
last fiscal year. Cracker & Polymer Limited Accordingly, KLL has become
During the year 2019-20, the contributed to add to the GAIL’s subsidiary.

BHEL Commissions 270 MW Thermal

Power Plant in Telangana

harat Heavy Electricals Bhadradri in Kothagudem at this project and work on the
Limited has success- District of Telangana, the proj- balance three units is also in
Bfully commissioned one ect was awarded to BHEL an advanced stage. Significantly,
270 MW thermal unit at the by Telangana State Power following the commissioning
4x270 MW Bhadradri Thermal Generation Corporation Limited of the 1x800 MW Kothagudem
Power Project in Telangana. (TSGENCO). Notably, this is thermal power project, this is
Located at Manuguru in the first unit to be commissioned the second unit to have been
Conted... # 55

54 KaleidOscope August, 2020