Dolat Capital: GAIL India - A Contributor To National Gas Grid

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.FY20 was a challenging year for both global economy and global energy sector.Global economy has shown signs of softening in the wake of rising tariffs, escalating trade tensions and policy uncertainty.Covid-19 has further aggravated the position as it resulted into a substantial economic crisis worldwide.Despite numerous challenges such as low oil and gas prices, limited economic growth and reduced petrochemical margins, GAIL India Ltd. delivered incredible results on several fronts with enduring spirit - highest ever profit.Physical performance remained positive in most areas including construction of natural gas pipelines, expansion of new gas markets in different parts of country, development of new gas markets, petrochemical production including new petrochemical grades, etc.GAIL India owns over 70% of India’s gas transmission network, operating around 12,426 km of natural gas trunk pipeline.As a part of providing natural gas across India, GAIL India is executing around 7,500 kms of pipeline projects in various parts..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dolat Capital: GAIL India - A Contributor To National Gas Grid

Despite Covid-19 crisis battering oil and gas prices, GAIL India recorded its highest ever profit in the June quarter of FY21.

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