GAIL moves up on planning to lay pipeline to Srinagar
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
GAIL (India) is currently trading at Rs. 140.00, up by 0.60 points or 0.43% from its previous closing of Rs. 139.40 on the BSE.
The scrip opened at Rs. 140.20 and has touched a high and low of Rs. 142.35 and Rs. 139.80 respectively. So far 85972 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.35 on 06-Oct-2021 and a 52 week low of Rs. 125.20 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 142.75 and Rs. 134.20 respectively. The current market cap of the company is Rs. 61898.97 crore.
The promoters holding in the company stood at 51.80%, while Institutions and Non-Institutions held 42.88% and 5.32% respectively.
GAIL (India) is planning to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it doubles down on efforts to expand infrastructure to helm the government vision of a gas-based economy.
The company will complete a 700-km pipeline from Mumbai to Nagpur by May 2023, enabling the flow of gas to central India and is on track to meeting the target of mid-2022 for completing major portions of the ambitious Urja Ganga project, bringing eastern India on the energy map.
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.
