troleum and Natural Gas. As against an excellent MoU target of Gas Transmission of around 81.5 MMSCMD of natural gas from domestic sources and through LNG route, the Company achieved natural gas transmission of 83.29 MMSCMD. Further, GAIL achieved natural gas sales of 79.06 MMSDMC against MoU target of around 70 MMSCMD. GAIL produced 420 TMT of polymers and 1,401 TMT of LPG and other liquid hydrocarbons against MoU ‘Excellent’ production target of 390 TMT of Polymers (HDPE & LLDPE) and 1,260 TMT of Liquid Hydrocarbons. The subsidy sharing in domestic LPG cent y-o-y to Rs. 651.1 crores. However,
Future Plans
revenue from LPG & Liquid Hydrocarbon segment declined by 3.0 percent y-o-y to Rs. 767.1 crores. In FY 2009 revenues increased by 31.3 percent y-o-y to Rs. 24857.5 crores. Growth in revenues is attributable to decent performance across segments. Revenue from Natural Gas Trading segment registered growth of 43.9 percent to Rs. 18665.0 crores. Revenue from LPG & Liquid Hydrocarbon segment increased by 12.2 percent y-o-y to Rs. 2964.1 crores, whereas revenue from Natural Gas Transmission services segment witnessed growth of 10.4 percent y-o-y to Rs. 2482.4 crores. Operating profit declined by 6.9percent y-o-y to Rs. 1087.1 crores in Q4 09. Decline in operating profit is attributable to increase in purchase cost. Purchase cost as a percentage of revenue increased from 58.5 percent to 64.8 percent as a percentage of revenue in 4Q 09. On a full year basis, operating profit witnessed a growth of 3.8 percent to Rs. 4596.7 crores. Interest expense increased by 56.5 percent to Rs. 30.6 crores. Whereas Depreciation expense declined by 1.0 percent Rs. 140.9 crores in the quarter of 2009.
92
and PDS kerosene was Rs. 1,781 crore in FY 2009 (against Rs. 1,314 crore in
GAIL plans to invest Rs. 5,558 crore
FY 2008). Without the subsidy element,
during FY 2009-10. Of these, Rs. 4,020
the PBT would have increased by 16
crore will be invested in pipeline projects,
percent to Rs. 5,985 crore and PAT would
Rs. 650 crore will be invested in E&P
have increased by 14 percent to Rs.
projects, Rs. 285 crore will be invested
3,991 crore. During FY 2009, natural
in Petrochemicals, Rs. 130 crore will be
gas sales have increased by 14 percent
invested in business development, Rs.
to 79.06 MMSCMD from 69.10
250 crore for equity investment in city
MMSCMD in the previous year. The Gas
gas projects, Rs. 200 crore in RGPPL
transmission has increased to 83.29
and rest in telecom.
MMSCMD from 82.10 MMSCMD in the
GAIL has set a target of transmitting
previous year.
94.8 MMSCMD of natural gas from do-
In FY 2009, total Liquid Hydrocarbon
mestic sources and through LNG route
production including LPG was 1.401
during FY 2009-10 under the Annual
million MT as compared to previous year’s
Memorandum of Understanding signed
production of 1.347 million MT. Produc-
with Ministry of Petroleum and Natural
tion of LPG was 1.088 million MT dur-
Gas for performance targets for the Fi-
ing the year against a production of 1.043
nancial Year 2009-10. During the FY
million MT in the last fiscal. The Pro-
2009-10, to achieve the Excellence in
pane production was 1,52,671 MT in
performance, the Company has also tar-
FY 2009 against the previous year’s pro-
geted for Gas Marketing target of around
duction of 155,873 MT. The Pentane
83.2 MMSCMD. The MoU also provides
production was 58,932 MT during FY
for an ‘Excellent’ production target of 400
2009 as against 73,505 MT produced
TMT of Polymers (HDPE & LLDPE) and
in FY 2008. LPG transmission through
1,260 TMT of Liquid Hydrocarbons.
pipelines was 2.744 million MT in FY
Achievements
2009 as against 2.754 million MT in FY 2008. In FY 2009, the production of
GAIL continued its excellent physical
polymers has increased by 9 percent to
performance as per its Annual Perfor-
4.20 lakh MT as against 3.86 lakh MT
mance MoU signed with Ministry of Pe-
in the previous year. DECEMBER - 2009