India Business News: GAIL (India) Ltd, a state-owned gas utility, reported a 56% increase in net profit for the September quarter. GAIL saw pre-tax earnings from its mains
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In an interview with CNBC International, Nita Ambani talked about the company's succession plan and said her children are being groomed to take up new roles at the India's most-valued company.
Most analysts are confident about GAIL’s growth prospects due to rising domestic gas demand, strengthening infrastructure and preference for clean and affordable energy.
Sequentially, net profit increased 179 percent from Rs 643 crore in the quarter ended March 2023 amid softening in liquefied natural gas prices and resumption in gas supplies