GAIL rises on signing MoU with Odisha government for production of eco-friendly fuels
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GAIL (India) is currently trading at Rs. 138.75, up by 2.75 points or 2.02% from its previous closing of Rs. 136.00 on the BSE.
The scrip opened at Rs. 136.50 and has touched a high and low of Rs. 139.00 and Rs. 134.65 respectively. So far 553928 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. 124.40 on 01-Feb-2021.
Last one week high and low of the scrip stood at Rs. 139.00 and Rs. 128.00 respectively. The current market cap of the company is Rs. 61676.95 crore.
The promoters holding in the company stood at 51.85%, while Institutions and Non-Institutions held 44.02% and 4.14% respectively.
GAIL (India) and Odisha government have signed a memorandum of understanding (MoU) for cooperation in the production of eco-friendly fuels in the state. The MoU seeks to prepare a feasibility study for setting up plants in areas of green hydrogen, green ammonia and renewable energy like solar and wind.
It emphasises promoting the production of eco-friendly fuels in the state. Green Hydrogen will help the industries cut aggregate emissions of greenhouse gases. The proposed plants will help Odisha-based heavy industries to supplement their growing power requirements.
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.
