GN Bureau | November 18, 2015
State-owned natural gas processing and distribution company GAIL (India) Limited has topped the public sector undertakings in the Carbon Disclosure Leadership Index (CDLI) released by Carbon Disclosure Project (CDP)-India.
GAIL scored 98 out of maximum 100 in CDLI, an increase of 12 points from last year's score. A high disclosure score signals that a company provided comprehensive information about the measurement and management of its carbon footprint, its climate change strategy and risk management processes and outcomes.
CDP India's Climate Change 2015 report analyses the key trends coming out of the analysis of the responding Indian companies. The CDLI disclosure score assesses the completeness and quality of a company's response.
Santanu Roy, General Manager (Corporate Planning) says: "GAIL would like to play a leading role in collaborating with other Indian oil and gas players for making positiv impact of the sector specific sustainability and climate change."
Meanwhile, GAIL India 's July-September quarter earnings missed analysts' estimates on profit and operational front but revenue was ahead of expectations.
Profit grew by 3.9 percent sequentially to Rs 440.5 crore during the quarter, impacted by inventory loss despite strong other income. Revenue increased 12.7 percent to Rs 14,165 crore in September quarter compared to Rs 12,565 crore in preceding quarter.
Operating profit (earnings before interest, tax, depreciation and amortisation) during the quarter fell 19.2 percent to Rs 844 crore and margin contracted by 230 basis points to 6 percent on sequential basis. GAIL has reported an inventory loss of Rs 701.2 crore for the quarter against gain of Rs 383.3 crore in preceding quarter. Other income in same period shot up 284 percent to Rs 301.8 crore from Rs 78.6 crore.
Consortium of BPCL and Gail Gas has been awarded the authorization for laying, building, operating and expanding of a City Gas Distribution Network in the geographical area of Haridwar district by the Petroleum and Natural Gas Regulatory Board established under the PNGRB Act, 2006.
In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Mineral Exploration Corporation Limited (MECL), the CPSEs of ministry of mines have inked an agreement.
Social media giant Facebook has offered “tips for spotting false news” as part of its campaign to combat spread of misinformation. In a full-page advertisement in sections of print media, Facebook offered the tips, along with the tagline: “Together, we can limit the spread
The central government has agreed to transfer Hotel Jaipur Ashok at Jaipur and Lalitha Mahal Palace Hotel at Mysore of India Tourism Development Corporation Ltd (ITDC) to Rajasthan and Karnataka governments, respectively and disinvest ITDC shares in Donyi Polo Ashok Hotel Corporation. The ca
Rohingya people who have entered India are not refugees but illegal immigrants, home minister Rajnath Singh has said, as they have not followed the due procedure to acquire a refugee status. “By deporting Rohingyas from India, we are not violating any international law. India is not a
Lucknow, September 15 The Uttar Pradesh Police releases official data on crime control under the new dispensation of Chief Minister Yogi Adityanath. Reveals that in 180 days of the new government, 420 encounters have taken place leading to the elimination of 15 supposedl
Since the dawn of this century, owing to their growing interdependence, India’s ties with the African states have gradually been acquiring significance in a rapidly globalising world. Such interdependence is manifesting itself quite clearly in economic, developmental and politico-strategic spheres of