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Gail’s petrochemical business reports rise in sales

8:26 AM MDT | May 30, 2013 | Deepti Ramesh

The petrochemical business of state-owned natural gas company Gail India (New Delhi) reports a 25% increase in sales in its fiscal fourth quarter, ended 31 March, compared with the year-ago quarter, to 12.04 billion Indian rupees ($215 million). For the full fiscal year, ended 31 March, the petrochemical business reports a 10% increase in sales compared with the previous fiscal year, to Rs37.65 billion. Earnings figures for the business have not been disclosed. During the fourth quarter, Gail’s petrochemical production volume increased 16% compared with the...

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