GAIL (India) surges on signing MoU with Karnataka government
GAIL (India) is currently trading at Rs. 187.80, up by 6.10 points or 3.36% from its previous closing of Rs. 181.70 on the BSE.
The scrip opened at Rs. 186.75 and has touched a high and low of Rs. 188.75 and Rs. 186.10 respectively. So far 292244 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.35 on 31-Jul-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. 193.05 and Rs. 177.65 respectively. The current market cap of the company is Rs. 123447.50 crore.
The promoters holding in the company stood at 51.88%, while Institutions and Non-Institutions held 41.43% and 6.68% respectively.
GAIL (India) has signed a memorandum of understanding (MoU) with the Karnataka government to explore the setting up of renewable energy projects of up to 1 gigawatt (GW) in the state.
Under the MoU, the Government of Karnataka would facilitate GAIL to obtain necessary permissions/registrations/approvals/clearance/ incentives, etc., from the concerned departments of the state, as per the prevailing policies/rules and regulations of the state government. GAIL intends to set up renewable energy projects of up to 1 GW within a period of five years. The company is targeting net-zero carbon emissions for its operations by 2035, and renewable energy projects are part of the plan for achieving that goal.
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.
