GAIL rises on signing MoU with Accelera
GAIL (India) is currently trading at Rs. 163.20, up by 0.80 points or 0.49% from its previous closing of Rs. 162.40 on the BSE.
The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 165.25 and Rs. 160.75 respectively. So far 354625 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. 155.60 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs. 171.40 and Rs. 155.60 respectively. The current market cap of the company is Rs. 106483.74 crore.
The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 41.26% and 6.84% respectively.
GAIL (India) and Accelera by Cummins have signed a Memorandum of Understanding (MoU) to collaborate broadly in sustainable, green energy and energy transition technologies in India. The collaboration will leverage Accelera's expertise in New Energy businesses and the company's established Natural Gas infrastructure to explore opportunities in new energy businesses such as hydrogen production, blending, transportation and storage. The company has already advanced its Scope 1 and Scope 2 “Net Zero” Targets from 2040 to 2035.
The MOU will help in exploring opportunities in areas such as application and adoption of hydrogen in various sectors such as transport, power, steel and other industry as mono fuel or dual feed such as LNG / Hydrogen/ CNG and blends, blending of hydrogen in natural gas pipeline, Infrastructure, production, transportation and storage of hydrogen
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.
