GAIL doubles final quarter net profit

State-run GAIL India Ltd on Tuesday posted a net profit before tax at Rs 1,098 crore in the fourth quarter of 2007-08, against Rs 546 crore for the corresponding period in 2006-07. The profit before tax during the year 2007-08 rose 35 per cent to Rs 3,855 crore from Rs 2,860 crore in 2006-07. GAIL also said it plans to invest Rs 3,413 crore during financial year 2008-09 in pipeline project, petroleum chemicals, business development, projects related to telecom, and city gas.