Annual Report 2006-2007 of GAIL (India) Limited

It is a broadly described annual report of GAIL (India) Limited in the year of 2006-2007. During the financial year, The Company registered a turnover (net of Excise Duty) of Rs. 16,047 Gores in the financial year 2006-07, an 11% increase, as against Net Sales of Rs. 14,459 Crores in the previous year. The other income was Rs. 545 Crores as against Rs. 456 Crores in the last year. The total income was Rs. 16,667 Crores as against Rs. 14,940 Crores during last year registering a growth of 12%. The Net Profit of the company during the current financial year 2006-07 is Rs. 2,387 Crores against Rs. 2,310 Crores during the previous year. Debt Equity ratio stands at a very comfortable position of 0.12: 1. EPS has gone up to Rs. 28.22 from Rs. 27.32 per share for the period ended on 31^st March 2007.

The Board of Directors of the Company had earlier approved payment of an interim dividend @ Rs. 5.50 and special interim dividend @ Rs. 2.50 per equity share of Rs. 10 each for the year 2006-07 amounting to Rs. 465.11 Crores and Rs. 211.41 Crores respectively, which has since been paid to the members of the Company.

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