Annual (Director’s) Report 2012-2013 of GAIL (India) Limited

It is a broadly described annual (director’s) report of GAIL (India) Limited in the year of 2012-2013. The Company has contributed over Rs. 5,780 Crores in 2012-13 to the exchequer through dividend, duties, taxes, and others, as compared to Rs. 5,560 Crores in 2011-12. During the financial year, The Company’s Turnover (Net of ED) Rs. 47,333 Crores. Other income Rs. 954 Crore. Profit before tax Rs. 6,058 Cores. Provision for Tax for the year Rs. 2,036 Crores. During the year, foreign exchange earnings were Rs. 32.02 Crores. Expenditure in foreign currency was Rs. 1,708.92 Crores.

The Board of Directors of The Company had earlier approved payment of an interim dividend @ 40% on equity share of Rs. 10 each (Rs.4/- per equity share) amounting to Rs. 507 Crores, which was paid in February 2013. Further, the Board has recommended payment of final dividend@ 56% on equity share of Rs. 10 each (Rs.5.60/- per equity share) for 2012-13.

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