Despite Gujarat State Petronet posting a net profit rise of 25 percent year-on-year, the company's volume growth is down on the back of low demand and disruptions in supplies.
Confirming the market buzz of bagging an order from MTPC, Ashok Punj, MD of PSL says the gas pipe industry may get a fillip in the near future with contracts coming from GSPL. Talking about the inflows, he says, "In the first quarter of the year 2011-12, we have added orders to the total of about Rs 1000 crore."