Gujarat Energy revenue rises as board backs LNG sourcing deals
In short
Gujarat Energy said revenue rose 1.5% to ₹9,590 crore in the quarter.
The company’s board also approved long-term LNG sourcing deals for 0.8 MTPA, with contracts of up to 10 years, and it kept its ₹1,000 crore capex guidance.
What the reporting says
Gujarat Energy reported revenue up 1.5% to ₹9,590 crore and its board approved long-term LNG sourcing agreements for 0.8 MTPA with tenure of up to 10 years. CNBC TV18 said the company also reiterated ₹1,000 crore capex guidance and noted a sequential fall in net profit. The update points to steady sales growth alongside long-term fuel planning.
Why it matters
Gujarat Energy reported a 1.5% rise in revenue to ₹9,590 crore and saw its board approve long-term LNG sourcing agreements for 0.8 MTPA with a tenure of up to 10 years. CNBC TV18 also said the company reiterated ₹1,000 crore capex guidance and that net profit fell sequentially. The update is relevant for investors tracking earnings, fuel supply, and spending plans.