India's largest gas transmission and marketing company, Gas Authority of India Limited (GAIL), on Tuesday announced a 45 per cent increase in its net profit for the quarter.

This is inline with the whole sector which saw a growth rate of 28 per cent. But what is commendable is that GAIL managed to grow more than the sector average.

While the gas trading business increased by 3 per cent, gas transmission touched the level of 106.74 mmscmd.

Rise in the trading business is the outcome of increase in the sport cargo. Besides this, the LPG transmission segment also saw a healthy growth rate of 15 per cent for the whole year.

It was only the petrochemical business which showed a dip. But that too was by just 1 per cent along with shutting down on one plant during the quarter ending March 31,2010.

Talking about this, the Director (Finance), GAIL, New Delhi said that the company has been able to show good results thanks to the performance of the sector along with the effort of GAIL.

On the other hand, B C Tripathi, CMD, GAIL said that they plant to invest Rs. 80 billion in the current fiscal.