Gujarat Gas Company Ltd(GGCL), the country's largest private gas dictributor, posted a 12.62 per cent rise in profit after tax for the quarter ended Spetember 30 to Rs 44.6 crore on the back of higher retail sales. Net sales for the quarter was up by 19.27 per cent to Rs380.6 crore.

The retail volumes grew by 18 per cent, driven mainly by the industrial and CNG segments, while overall volume growth was 7 per cent.The CNG segment grew by 11 per cent over the corresponding quarter of the last year. Shaleen Sharma, managing director, GGCL said, "While we are happy to sustain growth in the immediate term through short term Reclassified Liquified Natural Gas(RLNG), we are working towards entering into term contracts for procurement of RLNG or any other indigenous source of natural gas."

Click here for Cloud Computing

Also Read   Related Stories News Now - Regasified LNG purchase to burden electricity boards: RIL - CERC proposes cap on power prices - NTPC invites bids for supply of 2.5 mmscmd of gas

Also Read   Related Stories News Now - Nifty ends above 5,500 - Indices surge 2%, Nifty tops 5,500 - Govt mulls options to allocate NTPC stake in ICVL - Social innovators seek to balance economic sustainability and impact - Future licences won't be linked to spectrum allocation: Sibal More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Nifty ends above 5,500 - Indices surge 2%, Nifty tops 5,500 - Govt mulls options to allocate NTPC stake in ICVL - Social innovators seek to balance economic sustainability and impact - Future licences won't be linked to spectrum allocation: Sibal

Tags : GGCL | RLNG | CNG |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...