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GAIL India profit jumps after impairment charges hurt year-earlier finances

Company to spend 240 billion rupees to expand gas pipeline, build more LNG terminals

GAIL plans to spend 240 billion rupees to expand its gas pipeline and build more LNG terminals over the next three years.   © Reuters

MUMBAI (NewsRise) - GAIL (India), the nation's largest natural gas distributor, said fourth-quarter net income almost quadrupled as its year-earlier profit was hurt by impairment charges on investments.

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