Mumbai– Natural gas utility major Gail (India) on Monday reported a rise of over 28 per cent in its net profit for the third quarter of 2017-18.

According to the company, its net profit increased to Rs 1,262.22 crore crore from Rs 982.92 crore reported during the corresponding period of FY17.

The company further said that its Board has recommended the “issuance of one bonus share of Rs 10 for existing three equity shares of Rs 10 each fully paid up, subject to the shareholders approval”. (IANS)