Annual Report 2016-2017 of GAIL (India) Limited

It is a broadly described annual report of GAIL (India) Limited in the year of 2016-2017. The Company has contributed over Rs. 5,909 Crores in 2016-17 to the exchequer through dividend, duties, taxes, and others, as compared to Rs. 4,929 Crores in 2015-16. During the financial year, The Company’s Gross sales Rs. 48,789 Crores. Other income (including other operating income) Rs. 1,271 Crore. Cost of sales Rs. 42,474 Crores. Profit before Tax (PBT) Rs. 5,411 Crores. Profit after Tax (PAT) for the year Rs. 3,503 Crores. During the year, foreign exchange earnings were Rs. 785.07 Crores and foreign currency outgo were Rs. 8711.71 Crores.

The Board of Directors of The Company had earlier approved payment of an interim dividend @ 85% on equity share of Rs. 10 each (Rs. 8.50/- per equity share) amounting to Rs. 1078 Crores on then paid-up equity share capital of the Company (Rs. 1268.48 Crores), which was paid in February 2017. Further, the Board has recommended payment of final dividend @ 27% on equity share of Rs. 10 each (Rs. 2.70/- per equity share on expanded equity post issue of Bonus shares i.e. Rs. 1691.30 Crores) for the FY 2016-17 amounting to Rs. 457 Crores.

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