Friday, February 6, 2015

GAIL registers turnover of Rs 14,934 crores in third quarter of FY 2014-15

GAIL (INDIA) LIMITED

Net profit at Rs 604 crores

GAIL nine months Turnover (net of Excise) Rs 42,334 crores

New Delhi, February 6, 2015. GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 14,934 crores in the third quarter of Financial Year 2014-15 as against Rs.15,980 crores in the corresponding period of the last financial year. GAIL’s Net Profit for the third quarter of the FY 2014-15 stood at Rs 604 crores as against Rs. 1,679 crores in the corresponding period of the previous year. The Gross Margin was Rs. 1,126 crores in the third quarter of the current financial year as against Rs. 2,498 crores in the corresponding period last year while the Profit Before Tax was Rs. 853 crores in the third quarter as against Rs. 2,451 crores in the corresponding period last year.

The profit during the quarter was impacted mainly due to the subsidy burden of Rs. 500 crores pertaining to the second quarter of FY 2014-15 accounted for in the third quarter, lower off take of long-term contracted RLNG by power and fertilizer plants, reduction in domestic gas availability by over 5 MMSCMD and higher feedstock cost for petrochemicals.

Segment-wise Revenue

During the third quarter of the current financial year, the net sales from Petrochemicals business increased by 7 percent to Rs.1,246 crores as against Rs.1,164 crores in the corresponding period of last year. Revenues from LPG and Liquid Hydrocarbons business stood at Rs. 1,054 crores as against Rs. 1,933 crores in the corresponding period of last year. The sales from Natural Gas Marketing during the third quarter was Rs.13,167 crores as against Rs.13,287 crores in the corresponding period of the last year. During the third quarter of the current financial year, Natural Gas Transmission business stood at Rs. 995 crores as against Rs. 1,189 crores in the corresponding period of previous year. The Net sales of LPG transmission during the third quarter of the current financial year was Rs.107 crores as against Rs. 114 crores in the corresponding period last year.

Physical Performance

During the third quarter of the current financial year, the Natural Gas sales were 74.08 MMSCMD as against 79.74 MMSCMD during the corresponding period last year. During the third quarter of FY 2014-15, the petrochemical production was 119 TMT, as against 122 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 112 TMT, up by 3 percent from 109 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 773 TMT while it was 855 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the third quarter of the current financial year was 329 TMT against 330 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 330 TMT against 332 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year was 94.09 MMSCMD as against 95.70 MMSCMD in the corresponding period last year.

Nine months Results

GAIL (India) Limited registered a turnover (net of Excise Duty) of  Rs.42,334 crores in the first nine months of FY 2014-15 as against Rs.42,781  Crores in the corresponding period  of the last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2014-15 was Rs. 2,528 crores as against Rs. 3,403 crores in the corresponding period previous year. The Gross Margin was Rs.4,654 crores in the first nine months of the current financial year as against Rs. 5,749 crores in the corresponding period last year. The Profit Before Tax stood at Rs. 3,726 crores in the first nine months of the current financial year against Rs. 4,963 crores in the corresponding period last year.

Segment-wise Revenue

During the first nine months of the current financial year, revenues from Natural Gas Transmission stood at Rs. 2,422 crores as against Rs. 3,255 crores in the corresponding period in the previous year. The net sales from Petrochemicals business during the nine months have increased by 3 percent to Rs. 3,520 crores as against Rs. 3,401 crores in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the nine months of the current financial year have increased by 1 percent to Rs. 4,018 crores as against Rs. 3,976 crores in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year have increased by 4 percent to Rs. 316 crores as against Rs. 303 crores in the corresponding period last year. The revenues from Natural Gas Marketing during the nine months of the current financial year was Rs. 36,655 crores as against Rs. 36,724 crores in the corresponding period of the last year.

Physical Performance

The Natural Gas transmission during the nine months of the current financial year was 94.05 MMSCMD as against 96.74 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2014-15 were 73.18 MMSCMD as against 80.14 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 336 TMT as against 353 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 309 TMT as against 338 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,306 TMT, an increase of 1 percent as against from 2,283 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the nine month of the current financial year were 978 TMT as against 1,015 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 975 TMT against 1,019 TMT in the corresponding period last year.



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New Delhi, 5th February 2015

India Home Minister Mr. Rajnath Singh orders Delhi police to probe St Alphonsa Church desecration as hate crime

Earlier, Nuns, Priest and citizens brutalized in crackdown on peaceful protestors in New Delhi

The Home Minister of India, Mr. Rajnath Singh, today ordered the Delhi police to investigate as a hate crime the desecration earlier this week of the St Alphonsa Church in the Vasant Kunj area of South Delhi.

Mr. Singh’s assurance of adding relevant sections of the Indian penal Code to the probe came in a meeting with Christian leaders in his office after the Delhi police had brutalized women, Nuns, men and priests who were protesting the government apathy. They had demanded the government of India take urgent steps to assure the community of their security following a large number of attacks in various parts of the country, peaking during the Christmas reason. The National capital territory saw desecration and vandalizing in five Catholic churches since 1 December 2014.

Responding to the delegation’s fears that police and administrative apathy was encouraging non-state actors in persecuting the community, Mr. Rajnath Singh said the government would not discriminate on the basis of relgion, caste or community.

The delegation consisted of senior members who were also among those arrested in the aggressive police crackdown at the Sacred Heart Cathedral in New Delhi. Members of the delegation were  Fr Sebastian Susai, Vicar General, Delhi Archdiocese, Dr. John Dayal, Member, NIC, Govt. of India, Past President, All India Catholic Union, Mr. Jenis Francis, Advocate, President, FACAAD, Mr. A C Michael, Past Member, Delhi Minorities Commission, Mr. Vijayesh Lal, Director, Religious Liberty Commission – EFI, Fr Maria Susai, Parish Priest, Sacred Heart Cathedral, Fr Dominic Emmanuel, svd, and Mrs. Nisha Samuel.The arrested persons were released later in the afternoon. Police Commissioner Mr. Bassi also met the delegation later in the evening assuring security for  churches.
The community says it has lost faith in Delhi police which has failed to solve the conspiracy that has led to the vandalism, arson and desecration of churches. Instead of probing the crimes, the police consistently tried to minimize them. Despite detailed complaints, the effort has been to list them as minor thefts or short circuits.

The Christian community had come out in large numbers on 2nd December 2014 and had marched to the Delhi police headquarters after the St Sebastian Catholic Church, in East Delhi’s Dilshad Garden, was gutted in a fire he previous night. The police promised a through investigation, but more than two months on, has not announced any progress in the case.

The latest incident that shocked the community was the  desecration of the Holy Communion by persons who broke into the St. Alphonsa’s Church in Vasant Kunj on 2nd March 2015. The Parish priest pointed out that the attempt was to injured religious feelings of the community as nothing of substance was stolen from the church. Three donation boxes and other precious things were left untouched. The local police, apparently under orders of the senior officers, registered a case of theft.

Community representatives from all localities of the national capital gathered at the sacred Heart Cathedral at Gole Dak-khana and marched to the residence of Union Home Minister, Mr. Rajnath Singh before they were stopped by the police. In a memorandum to the Home Minister, community representatives  listed the five recent attacks in churches:

1. St Sebastian Church, Dilshad Garden [ 1 December 2014]:  The entire inferior burnt. Police action was promised. No information on the progress made by Delhi police.
2. Syro Malabar Catholic Church, Jasola [3 December 2014] Window smashed by rock during Holy Mass services, glass pieces on altar:  Police silent
3.  Church of Resurrection, Rohini, [3 January 2015] Crib with statues burnt to ashes. Effort to pass it off as short circuit
4. Our Lady of Grace, Vikaspuri, [14 January, 2015]  Grotto attacked. CCTV  captures images of vandals. Police arrest three men, claim they did it as a drunken prank.
5.  St. Alphonsa’s Church, Vasant Kunj [ 2 February 2015 Church broken into, Sacred Host [holy communion] desecrated. Despite detailed complaint, police trying to minimize crime as “theft” and “breaking into residential house”
 Elsewhere in the country, the targetted and communal violence continues with its vicious hate campaign, physical violence, police complicity, and State impunity in the persecution of the Christian community in many states of India. Human Rights and Civil Society groups have documented the death of two persons in 2014, killed for their Christian faith. The Persecution data lists 149 cases. An analysis of the data shows Chhattisgarh topping the list with 28 incidents of crime, followed closely by  neighbouring Madhya Pradesh with 26, Uttar Pradesh with  18 and Telengana, a  newly carved out of Andhra Pradesh, with  15 incidents.
Much of the violence has taken place after the new government of the National Democratic alliance headed by the Prime Minister, Mr. Narendra Modi, came into power on 26 Mary, 2014. The violence peaked between August and October with 56 cases, before zooming up to 25 cases during the Christmas season. The violence has continued well into the New Year 2015, with more Catholic churches in the city targetted as incidents continue in other states. Much of the violence,  54 percent, is of threats, intimidation, coercion, often with the police looking on.  The two cases of death in communal anti Christian violence were reported from Orissa and Andhra Pradesh.
The memorandum recalled that the President of India, Mr. Pranab Mukherjee, noted the rise of communalism and the targetting if religious minorities in his address to the Nation on 25th January 2015, the eve of Republic Day. President Mukherjee said “In an international environment where so many countries are sinking into the morass of theocratic violence … We have always reposed our trust in faith-equality where every faith is equal before the law and every culture blends into another to create a positive dynamic.  The violence of the tongue cuts and wounds people';s hearts. The Indian Constitution is the holy book of democracy. It is a lodestar for the socio-economic transformation of an India whose civilisation has celebrated pluralism, advocated tolerance and promoted goodwill between diverse communities. These values, however, need to be preserved with utmost care and vigilance.”

The memorandum demanded that the government take urgent and effective measures to restore the Rule of Law, curb the targetted and communal violence. The guilty must be traced, and action under the law should be taken. Police officers must be held accountable for communal crimes in their jurisdiction. “In Delhi, we demand a Special Investigating team be set up to investigate the five  acts of violence against the catholic Churches, monitored by the High Court of Delhi,” community leaders said.
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For more information, please contact:
Fr. Savarimuthu  Sankar  9968006616 frsankar@gmail.com
Mr. A C Michael  9999940633 acmichael60@gmail.com
Mr. Vijayesh Lal  9810176973 vijayeshl@gmail.com
Dr. John Dayal 9811021072  john.dayal@gmail.com
Adv. Jenis Francis: 9811064616 jenisfrancis@gmail.com

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