GAIL tops carbon disclosure index list in PSUs

GN Bureau | November 18, 2015


#PSU   #GAIL   #Carbon Disclosure Leadership Index   #CDLI   #Carbon Disclosure Project   #CDP   #India  


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.

New contract
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.

Comments

 

Other News

The beginning of real loss

She is tall, skinny and dark-complexioned. She sports a tattoo of lines and dots on her forehead, as if displaying a hieroglyphic text. Her neck is laden with beaded jewellery and a thick, rusted iron chain while the ears are pierced at two spots. The white sari draped till her knees contrasts with green a

Do you think Rahul Gandhi`s elevation as president will change Congress` fortunes?

Do you think Rahul Gandhi`s elevation as president will change Congress` fortunes?

The three Es to end open defecation

Open defecation is an issue that plagues our country every morning between 2 am and 6 am! To get rid of this practise from Indian society, prime minister Narendra Modi on October 2, 2014 announced the Swachh Bharat Mission (SBM). The Swachh Bharat Mission is a spin-off from the Nirmal Bharat Abhi

Aadhaar data not leaked: UIDAI

 The Unique Identification Authority of India (UIDAI) on Monday said here that the Aadhaar data is fully safe and secure and there has been no data leak or breach. UIDAI said in a statement that data on government websites was placed in public domain as a measure of proactive disclosure unde

Aadhaar data not leaked: UIDAI

 The Unique Identification Authority of India (UIDAI) on Monday said here that the Aadhaar data is fully safe and secure and there has been no data leak or breach. UIDAI said in a statement that data on government websites was placed in public domain as a measure of proactive disclosure unde

Right of mother, child to good health, well-being non-negotiable

 The United Nations General Assembly recognized November 20, 1954 as Universal Children’s Day to promote and celebrate the rights of children. On this day in 1959, the UN adopted the Declaration of the Rights of the Child and in 1989, the Convention on the Rights of the Child. While the day is c



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter