Annual (Director’s) Report 2013-2014 of GAIL (India) Limited

It is a broadly described annual (director’s) report of GAIL (India) Limited in the year of 2013-2014. The Company has contributed over Rs. 6,993 Crore in 2013-14 to the exchequer through dividend, duties, taxes, and others, as compared to Rs. 5.780 Crore in 2012-13. During the financial year, The Company’s Turnover (Net of ED) Rs. 57,245 Crores. Other income Rs. 1,162 Crores. Profit before tax Rs. 6,402 Crores. Profit after Tax for the year Rs. 4,375 Crores. During the year, foreign exchange earnings were Rs. 210.01 Crore and foreign currency outgo were Rs. 9,229.22 Crore.

The Board of Directors of The Company had earlier approved payment of an interim dividend @ 45% on equity share of Rs. 10 each (Rs.4.5/- per equity share) amounting to Rs. 571 Crore, which was paid in February 2014. Further, the Board has recommended the payment of final dividend @ 59% on the paid-up equity share capital of the Company of Rs. 10 each (Rs. 5.9/- per equity share) for FY 2013-14.

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