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

Listening to tomorrow: The imperative for youth-driven data in India

Over a decade and a half ago when I was still a student, millennials felt the burning need to break down the barriers of gatekeeping in traditional media. Young voices, brimming with ideas and opinions, were often sidelined, their perspectives deemed too marginal or unrefined for mainstream discourse. This

Israel-Palestine War: Lessons from Past Peace Efforts

Israel-Palestine War: Give Peace a Chance By Dr. Joseph K. Thomas IndiePress, 243 pages, Rs 399 T

How inner work helps subvert painful narratives

Unashamed By Neha Bhat HarperCollins, 240 pages, Rs 499   * How do I connect better with my partner? *&nbs

Heatwave spikes power demand: measures taken to ensure supply

The Northern Region has been experiencing high power demand conditions due to a prevailing heat wave since May 17. Despite these challenging conditions, the highest ever peak demand of 89 GW in the Northern Region was successfully met on June 17. This achievement was made possible by import

PM to release 17th installment of PM-KISAN at Varanasi on Tuesday

Prime minister Narendra Modi will release the 17th instalment of the PM-KISAN scheme on Tuesday at Varanasi and more than 9.26 crore farmers will receive the benefits amounting to over Rs.20,000 crore. The PM will also distribute the certificates to more than 30,000 SHGs trained as Krishi Sakhis to work as

Taming turbulence in Indian aviation

The booming Indian aviation industry, among the fastest growing sectors in the world, is projected to be valued at $40 billion by 2027. But, despite robust demand for air travel across the country, more than 50 airlines have closed down in the last decade in India and most private airlines have closed with

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter