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GAIL gains on signing heads of agreement with Rajasthan State Gas

28 May 2015 Evaluate

GAIL (India) is currently trading at Rs 383.20, up by 2.05 points or 0.54% from its previous closing of Rs 381.15 on the BSE.

The scrip opened at Rs. 372.00 and has touched a high and low of Rs. 385.00 and Rs. 372.00 respectively. So far 61691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 551.35 on 31-Oct-2014 and a 52 week low of Rs. 354.00 on 28-Apr-2015.

Last one week high and low of the scrip stood at Rs. 399.20 and Rs. 371.00 respectively. The current market cap of the company is Rs. 48652.45 crore.

The promoters holding in the company stood at 56.11% while Institutions and Non-Institutions held 40.22% and 2.26 % respectively.

GAIL (India) has signed Heads of Agreement (HoA) with Rajasthan State Gas (RSGL) to procure natural gas. RSGL is a joint venture company of GAIL Gas, a subsidiary of GAIL, and Rajasthan State Petroleum Corporation. The HoA will facilitate RSGL’s strategy to execute Phase-1 of its project comprising of construction of mega CNG station at Neemrana and daughter booster station at Kukas near Jaipur. The Government of Rajasthan had recently declared RSGL as a nodal agency for setting up retail infrastructure for gas distribution in the state after entering into a MoU with Rajasthan State Industrial Development and Investment Corporation (RIICO) for strategic tie up in promoting clean energy.

The CGD rights for the city of Kota, presently authorized to GAIL Gas, are in advance stage of being transferred to RSGL which will open many business streams to RSGL including setting up CNG highway from Kota to Jaipur. In a recently held Board Meeting, RSGL had accorded approval for enhancing authorized capital from Rs. 40 crore to Rs. 200 crore.  RSGL is also planning natural gas connectivity to Jhalawar, Baran and Ghillot to fuel industrialization in the areas.

GAIL is India’s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.

GAIL India Share Price

166.50 -0.95 (-0.57%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 166.50
Gujarat Gas 396.55
Indraprastha Gas 166.25
Mahanagar Gas 1171.95
Adani Total Gas 633.70
View more..

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