GAIL rises on inking pact with Tata Steel
GAIL (India) is currently trading at Rs. 181.80, up by 0.80 points or 0.44% from its previous closing of Rs. 181.00 on the BSE.
The scrip opened at Rs. 181.25 and has touched a high and low of Rs. 182.05 and Rs. 180.65 respectively. So far 101360 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. 182.95 and Rs. 177.70 respectively. The current market cap of the company is Rs. 119469.56 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) has entered into an agreement with Tata Steel for supply of natural gas to Tata Steel's Combi-Mill plant in Jamshedpur. As per the agreement, GAIL will supply 31,000 standard cubic metres per day (SCMD) of natural gas until March 2026, with volumes scaling up to 43,000 SCMD thereafter. Supply to Tata Steel's Combi-Mill plant under the City Gas Distribution project being implemented in East Singhbhum, will commence by the end of this September.
This agreement represents the largest industrial customer onboarding since the inception of GAIL's City Gas Distribution GAs located in Varanasi, Patna, Ranchi, East Singhbhum, Cuttack and Kordha.
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.
