Annual Report 2008-2009 of GAIL (India) Limited

It is a broadly described annual report of GAIL (India) Limited in the year of 2008-2009. During the financial year, The Company registered a turnover (net of Excise Duty) of Rs. 23,776 Crores in FY 2008-09, a 32% increase, as against Net Sales of Rs. 18,008 Crores in the previous year. The increase in turnover was achieved despite subsidy provision of Rs. 1,781 Crores during FY 2008-09 against Rs. 1,314 Crores during last year. The other income was Rs. 797 Crores as against Rs. 556 Crores in the last year. The total income was Rs. 24,578 Crores against Rs. 18,594 Crores during last year, registering a growth of 32%. The Net Profit of the Company during the current financial year 2008-09 was Rs. 2,804 Crores against Rs. 2,601 Crores during the previous year, an increase of 8%.

The Board of Directors of the company has recommended payment of final dividend @ 30% per equity share (Rs.3/- per equity share) amounting to Rs. 380.54 Crores. With this, the total dividend payment for the fiscal 2008-09 will be at 70 % (Rs.7/- per equity share) amounting to Rs. 887.93 cores.

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