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.
Struggling with rationing and prioritising available supplies amid the acute Covid-19 vaccine shortage, the BrihanMumbai municipal corporation (BMC) has floated a global tender for supply of 1 crore doses, even as it has announced a walk-in vaccination campaign next week for select categories of citizens.
Expressing regret that despite being the largest producer of vaccines in the world things have fallen apart in India, Ashok Seth, a Padma Bhushan awardee and chairman of Fortis Escorts Heart Institute, has said that the focus needs to be on percentage and not the number of population vaccinated.
In Maharashtra, the epicentre of India’s devastating second wave, several NGOs and civil society organisations have been at work to combat the pandemic – by spreading awareness about precautions, by helping the slum-dwellers book appointment for vaccine, by providing meals to the marginalised a
The cumulative number of Covid-19 vaccine doses administered in the country has crossed the landmark of 17 crore on Monday as the Phase 3 of the nationwide vaccination drive expands further. India is the fastest country to administer 17 crore Covid vaccine doses – China took 119 days and USA 115 days
India is battling the second wave of Covid-19 and infections are spreading into the interiors of the country, says Dr Anurag Bhadouria, National Spokesperson, Samajwadi Party. It is precipitated by the elections in five states, the Kumbh Mela in Haridwar and also panchayat elections in many states, he says
The CoWIN system, the overarching digital platform for citizens seeking appointment for the Covid-19 vaccine, is introducing a new four-digit security code” in the application from Saturday to minimise a peculiar error and subsequent inconvenience to citizens. “It has been notic