GAIL India share gains 2% post strong Q4 earnings
The Petrochemical business has shown better performance with more than 100 per cent capacity utilization. The sales increased by 18% to 871 TMT, the Petrochemical plant recorded the highest ever production of 813 TMT
BusinessToday.In | June 10, 2021 | Updated 17:48 IST
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GAIL India share rose more than 2 per cent to hit an intraday high of Rs 166.05 after the company posted a 28.3 percent rise in net profit to Rs 1,908 crore for the quarter ended March 2021.
Profit in the previous quarter stood at Rs 1,487.3 crore.
Revenue from operations declined marginally to Rs 15,449 crore against Rs 15,454.3 crore. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew 28.4 percent to Rs 2,465 crore.
NEW DELHI: Five state-run oil and gas majors will redevelop the Himalayan pilgrimage of Badrinath in Uttarakhand as a ‘spiritual smart hill town, at an initial investment of nearly Rs 100 crore, a move that is expected to promote tourism and create livelihood opportunities while improving visitor experience.
Flagship explorer ONGC, refiner fuel retailers IndianOil, BPCL, HPCL and gas utility GAIL on Thursday signed an MoU with Shri Badrinath Utthan Charitable Trust for the project, the oil ministry said.
The first phase of redevelopment will include river embankment work, building all-weather pathways for vehicles and new bridges, creating toilets and drinking water facilities, beautification of existing bridges, establishing ‘gurukul’ facilities with accommodation, installing street lights and general beautification with murals.
Oil PSUs commit Rs 100 cr for redevelopment of Hindu shrine Badrinath Dham
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Last Updated: May 06, 2021, 04:48 PM IST
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Synopsis It is a matter of great pride for our oil PSUs to be associated with the redevelopment of one of the holiest shrines of Sanatan Dharma. We are committed to the development of Badrinath Dham in alignment with PM @narendramodi s vision of retaining the pilgrimages spiritual legacy, Oil Minister Dharmendra Pradhan tweeted. The holy Badrinath Dham is not only a centre of faith for crores of Hindus across the world it is also a major centre of India s pilgrimage economy
Shri Badrinath Dham In Uttarakhand To Be Developed As A Spiritual Smart Hill Town
by Swarajya Staff - May 6, 2021 11:27 AM
Shri Badrinath Temple in Uttarakhand (By Dinesh Valke Via Wikimedia Commons)
aShri Badrinath Dham, one of the four holy Himalayan shrines in Uttarakhand, will be developed as a Spiritual Smart Hill Town .
The oil and gas public sector undertakings (PSUs) including IndianOil, BPCL, HPCL, ONGC and GAIL have signed memoranda of understandings (MoUs) with Shri Badrinath Utthan Charitable Trust for construction and redevelopment of Shri Badrinath Dham as a Spiritual Smart Hill Town.
The MoUs were signed in the presence of Union Petroleum Minister Dharmendra Pradhan and Uttarakhand Chief Minister Tirath Singh Rawat.
Badrinath Dham ANI | Updated: May 06, 2021 16:56 IST
Dehradun (Uttarakhand) [India], May 6 (ANI): To redevelop Badrinath Dham in Uttarakhand as a Spiritual Smart Hill Town , a Memoranda of Understanding (MOU) was signed on Thursday by the Oil and Gas PSUs and Shri Badrinath Utthan Charitable Trust.
The Oil and Gas PSUs include Indian Oil, Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation (ONGC), and GAIL.
According to the MOU, the Oil and Gas PSUs will be contributing Rs 99.60 crore in the first phase of the developmental activities, including river embankment work, building all-terrain vehicular path, building bridges, beautifying existing bridges, establishing gurukul facilities with accommodation, creating toilet and drinking water facilities, installing streetlights and mural paintings.