GAIL gains on getting nod to increase capacity of Gurdaspur Jammu Natural Gas Pipeline
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GAIL (India) is currently trading at Rs. 117.85, up by 1.40 points or 1.20% from its previous closing of Rs. 116.45 on the BSE.
The scrip opened at Rs. 116.75 and has touched a high and low of Rs. 118.00 and Rs. 116.25 respectively. So far 227348 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 122.85 on 31-Jul-2023 and a 52 week low of Rs. 83.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 119.20 and Rs. 112.40 respectively. The current market cap of the company is Rs. 77553.30 crore.
The promoters holding in the company stood at 51.91%, while Institutions and Non-Institutions held 42.08% and 6.01% respectively.
GAIL (India) has received approval for increase in capacity of the Gurdaspur Jammu Natural Gas Pipeline. The approval is to add 2.66 MMSCMD capacity in three years with an investment of Rs 521.92 crore. The investment will be financed through debt and equity. The Board of Directors of the company at its meeting held on August 26, 2023, has approved the same.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
