Gujarat State Petronet rises on getting nod from PNGRB for capacity expansion
Gujarat State Petronet is currently trading at Rs. 273.20, up by 0.70 points or 0.26% from its previous closing of Rs. 272.50 on the BSE.
The scrip opened at Rs. 279.80 and has touched a high and low of Rs. 281.00 and Rs. 272.25 respectively. So far 56451 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 469.60 on 02-Sep-2024 and a 52 week low of Rs. 260.15 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 294.20 and Rs. 271.00 respectively. The current market cap of the company is Rs. 15414.25 crore.
The promoters holding in the company stood at 37.63%, while Institutions and Non-Institutions held 42.48% and 19.89% respectively.
Gujarat State Petronet (GSPL) has received approval from Petroleum and Natural Gas Regulatory Board (PNGRB) for expansion of capacity of GSPL's High Pressure Gujarat Gas Grid by laying of Anjar Palanpur Pipeline.
The 274 km pipeline with the capacity of 12 MMSCMD (Million Metric Standard Cubic Meter Per Day) is to be built from Anjar to Palanpur in Gujarat. The expected capital expenditure for the expansion is Rs 2051.18 crore. The estimate period to complete the expansion is 3 years.
Gujarat State Petronet is a natural gas infrastructure and transmission company engaged in gas transportation business. The company is engaged in transmission of natural gas through pipelines on an open access basis from supply points to demand centers.
