Thursday , October 28 2021

GAIL gains on adding 165 km Gorakhpur spur line section into Natural Gas Pipeline Project

GAIL (India) is currently trading at Rs. 306.95, up by 1.75 points or 0.57% from its previous closing of Rs. 305.20 on the BSE.

The scrip opened at Rs. 305.80 and has touched a high and low of Rs. 307.35 and Rs. 304.30 respectively. So far 21638 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 398.80 on 16-Aug-2018 and a 52 week low of Rs. 296.00 on 05-Oct-2018.

Last one week high and low of the scrip stood at Rs. 314.65 and Rs. 304.50 respectively. The current market cap of the company is Rs. 68824.76 crore.

The promoters holding in the company stood at 52.64%, while Institutions and Non-Institutions held 43.64% and 3.72% respectively.

GAIL (India) has successfully commissioned 165 km Gorakhpur spur line section under Pradhan Mantri Urja Ganga (PMUG) Natural Gas Pipeline Project. With this, the company has bring in Gorakhpur into the ranks of locations in India covered by natural gas infrastructure.

This marks the completion of the entire 750 km long trunk pipeline section-I of PMUG constituting 30% of the initially sanctioned project route. GAIL’s infrastructure at Gorakhpur is in readiness to commence gas supplies to the upcoming fertilizer plant and the city gas project in the city.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

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