GAIL’s Net Profit Misses Estimates In March Quarter

State-owned gas utility GAIL India Ltd.’s quarterly profit slumped, missing analyst estimates in the quarter ended March.

Here are highlights from the GAIL’s press conference to announce fourth quarter earnings:

• The company achieved capital expansion of Rs 4,080 crore
• Targets capex of Rs 6,400 crore for the financial year 2018-19
• Supply from Gazprom is expected to land next month
• First supply will start in the month of June
• Executing 5000 km pipelines currently
• Considers listing city gas unit