GAIL (India) Ltd, the country s largest gas distributor, on Thursday, reported a 77.5 per cent slump in its March quarter net profit after high gas prices and supply disruption from Russia impacted earnings across businesses.
Net profit of Rs 603.52 crore in January-March compared with Rs 2,683.11 crore in the same period a year back, according to the company's stock exchange filing.
The full volume of 2.85 million tonnes is to be reached in 2023.GAIL received one cargo of LNG in June 2022 and nothing after that.Company officials said Sefe was supplying cargoes from its non-Russian portfolio in Egypt, United Arab Emirates and the United States.