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GAIL (India) is currently trading at Rs. 121.80, up by 4.10 points or 3.48% from its previous closing of Rs. 117.70 on the BSE.

The scrip opened at Rs. 119.35 and has touched a high and low of Rs. 122.00 and Rs. 118.75 respectively. So far 1314529 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.45 on 18-Oct-2023 and a 52 week low of Rs. 87.90 on 14-Nov-2022.

Last one week high and low of the scrip stood at Rs. 122.05 and Rs. 116.20 respectively. The current market cap of the company is Rs. 80183.34 crore.

The promoters holding in the company stood at 51.91%, while Institutions and Non-Institutions held 41.80% and 6.30% respectively.

GAIL (India) has signed an agreement with Bharat Petroleum Corporation for 15-year supply of Propane for its upcoming petrochemical plant in Usar, Maharashtra. The 15-year supply contract, estimated at a value of over Rs 63,000 crore, will see GAIL procuring 600 KTPA of Propane from BPCL's LPG import facility at Uran, which is presently capable of handling 1 MMTPA of LPG imports and is undergoing expansion to accommodate 3 MMTPA of propane and butane imports.

The strategically positioned GAIL's PDH-PP project in Usar, Maharashtra, will be India's first propane dehydrogenation (PDH) plant, which is likely to commence operations in 2025. The PDH unit will boast a nameplate capacity of 500 KTP A, with propylene production seamlessly integrated into a polypropylene (PP) plant of equal capacity. This pioneering venture aligns perfectly with the surging demand for polypropylene, which is projected to reach 6.3 million tons by 2025, up from 4.9 million tons in 2020.

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.