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GAIL Q3 net rises to Rs 860 crore

Q3 turnover rose to Rs 6,187 cr ended Dec 31,against Rs 5,812 crore last fiscal.

State-run gas utility Gail (India) said its net profit jumped over three-fold to Rs 860 crore for the quarter ended December 31,2009,over the same period last year.

Turnover rose to Rs 6,187 crore for the third quarter ended December 31,against Rs 5,812 crore in the same period previous fiscal,Gail (India) Ltd said in a release.

Shares of Gail were trading at Rs 437.70 on the BSE,up 2.87 per cent from its previous close.

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