Annual Report 2015-2016 of GAIL (India) Limited

It is a broadly described annual report of GAIL (India) Limited in the year of 2015-2016. The Company has contributed over Rs. 4,929 Crore in 2015-16 to the exchequer through dividend, duties, taxes, and others, as compared to Rs. 5,788 Crore in 2014-15. During the financial year, The Company’s Turnover (net of excise) was Rs. 51,614 Crores compared to Rs. 56,569 Crores in the previous fiscal period. Other Income Rs. 1,158 Crores for the year 2016. Profit before Tax (RBI) for the year was Rs. 3,173 Crores as against Rs. 4,284 Crores, whereas Profit after Tax (PAT) clocked Rs. 2,299 Crores against Rs. 3,039 Crores in the previous fiscal year.

The Board of Directors of The Company had earlier approved payment of an interim dividend @ 25% on equity share of Rs.10 each (Rs. 2.5/- per equity share) amounting to Rs. 317.12 Crores, which was paid in February 2016. Further, the Board has recommended payment of final dividend @ 30% on equity share of Rs.10 each (Rs. 3.00/- per equity share) for FY 2015-16 amounting to Rs. 380.54 Crores.

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