GAIL (India) gains on signing MoU with Hindustan Copper
GAIL (India) is currently trading at Rs. 170.30, up by 0.75 points or 0.44% from its previous closing of Rs. 169.55 on the BSE.
The scrip opened at Rs. 169.25 and has touched a high and low of Rs. 171.10 and Rs. 168.25 respectively. So far 112289 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 245.10 on 30-Sep-2024 and a 52 week low of Rs. 150.60 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 175.45 and Rs. 167.30 respectively. The current market cap of the company is Rs. 112105.45 crore.
The promoters holding in the company stood at 51.88%, while Institutions and Non-Institutions held 41.46% and 6.66% respectively.
GAIL (India) and Hindustan Copper (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical mineral resources in India and overseas. This strategic partnership between Hindustan Copper and GAIL marks a significant development in India's critical minerals sector, potentially enhancing the country's self-reliance in these crucial resources and supporting its growing technology and clean energy industries. It also reflects India’s growing focus on sustainable development and the need to reduce dependence on imported resources by strengthening domestic capabilities in mining and mineral processing.
This MoU represents a forward-looking step toward unlocking the potential of India's mineral wealth while also exploring strategic opportunities abroad. The collaboration reaffirms the commitment of both companies to national development, technological progress, and sustainable resource management.
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.
