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GAIL soars as its arm eyeing to supply PNG in Dehradun

GAIL (India) is currently trading at Rs. 126.60, up by 0.65 points or 0.52% from its previous closing of Rs. 125.95 on the BSE.

The scrip opened at Rs. 127.95 and has touched a high and low of Rs. 127.95 and Rs. 125.40 respectively. So far 118273 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 183.20 on 19-Mar-2019 and a 52 week low of Rs. 119.60 on 14-Nov-2019.

Last one week high and low of the scrip stood at Rs. 128.40 and Rs. 121.50 respectively. The current market cap of the company is Rs. 57414.11 crore.

The promoters holding in the company stood at 52.66%, while Institutions and Non-Institutions held 43.24% and 4.09% respectively.

GAIL’s India subsidiary — GAIL Gas is eyeing to supply PNG to three lakh households in Dehradun district under the city gas distribution project. In coming five to six months, the company will start supplying piped natural gas to 5,000 households in Chakrata, Dehradun, Doiwala, Kalsi, Rishikesh, Tyuni and Vikasnagar areas of Dehradun district.

The company’s target is to cover three lakh households spread over an area of 3,088 square km in the district at a cost of Rs 1,500 crore in the next eight years.

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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