GAIL shines on inking interconnection agreement with Indradhanush Gas Grid
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GAIL (India) is currently trading at Rs. 120.85, up by 1.85 points or 1.55% from its previous closing of Rs. 119.00 on the BSE.
The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 122.35 and Rs. 117.25 respectively. So far 786898 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 122.35 on 1-Aug-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. 122.85 and Rs. 115.50 respectively. The current market cap of the company is Rs. 78243.69 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) and Indradhanush Gas Grid (IGGL) have signed an interconnection agreement to connect the North East Gas Grid (NEGG) of IGGL with the Barauni Guwahati Pipeline (BGPL) of GAIL. The interconnection agreement will facilitate connection of the NEGG with the BGPL at three locations - Jalpaiguri in West Bengal and Baihata and Panikhaiti in Assam.
The interconnection agreement will pave the way for making the NEGG a part of the National Gas Grid. The pipeline for interconnection will be laid by GAIL at an estimated cost of Rs 15.16 crore. The amount will be reimbursed by IGGL to GAIL.
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.
