GAIL India Ltd. reported a 43% increase in net profit of Rs 1,954 crore in 2004-05. For 2006-07, Gail has earmarked a total of Rs 3,000 crore for expansion. Expansion on account of petrochemicals is slated to be Rs 600 crore. GAIL plans to use its cash surplus to fund acquisitions- mainly small and medium sized companies in Oman, Malaysia, Australia, Qatar and Abu Dhabi.
29-Sep-05 
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