GAIL (India) Limited

Ladies and gentlemen, good day and welcome to the Jail India Limited Q2 and H1 FI20 earnings conference call hosted by Antics Stock Broking Limited. As a reminder, all parts of the lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Tiwari from Antique Stock Broking Limited.

Thank you and over to you, sir. Thank you, Neelam. Good day. On behalf of Antique Stock Broking Limited, I welcome everyone to Gale India's second quarter earning call. We have the pleasure of having with us today the senior management team from Gale led by Mr. A.K. Tiwari, Director of Finance. Without much ado, I hand over the floor to Gale's management. Over to you, sir.

Thank you. Thank you, Nitin. A very good evening to everybody and related Deepavali and Chhatruja to all of you. The physical and financial performance for the quarter ended September 2019 are already with you, and the same has also been made available on the GAIL website. I presume that all of you have gone through the same. I would like to state that the management is concerned to maintain the profitability at its best and working regularly to arrest the lacunae to improve the operational efficiency. Various cost-cutting and efficiency measures, timely completion of project, retain and increase the customer base has been a continuous focus area, and GAID is also following highest standard for safety and upkeep of its assets. Further, I would like to emphasize that the company has taken various risk mitigation measures against challenges existing internal and external environment. Besides this, the GAIL management ensures that transparent corporate government principles to their stakeholders and shareholders. Now, let me give some insight for the quarter. There have been robust physical performance during Q2 in almost all segments as compared with the previous Q1. Polymer production increased by 93,000 metric tons from 1,35,000 metric tons to 2,28,000 metric tons. Polymer sales increased by 81,000 metric tons from 1,36,000 metric tons to 2,17,000 metric tons. LHC production increased by 31,000 metric tons from 2,98,000 to 3,29,000 metric tons. LHC cell increased by 33,000 metric tons from 2,96,000 metric tons to 3,29,000 metric tons. Gas transmission has increased by 3.29 mm SEMD from 105,000 105.41 mm CMD to 108.7 mm CMD. LPG transmission by 1,72,000 metric tons from 8,27,000 metric tons to 99,000 metric tons.