GAIL India is currently trading at Rs. 377.50, up by 3.40 points or 0.91% from its previous closing of Rs. 374.10 on the BSE.
The scrip opened at Rs. 374.00 and has touched a high and low of Rs. 379.50 and Rs. 374.00 respectively. So far 58,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 485.95 on 27-Apr-2011 and a 52 week low of Rs. 346.10 on 06-Mar-2012.
Last one week high and low of the scrip stood at Rs. 379.50 and Rs. 347.50 respectively. The current market cap of the company is Rs. 47,885.00 crore.
The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.65% and 3.19% respectively.
GAIL India, state owned gas utility is planning to commission the long-delayed LNG terminal at Dabhol in Maharashtra by month end or early April. The company has contracted a LNG cargo to commission the facility.
US energy major, Enron Corp was building the power plant and LNG terminal earlier, which is bankrupt by now. Ratnagiri Gas and Power Co (RGPPL) took over the project in 2005 after the Enron's bankruptcy. The LNG terminal was 70-80% complete when RGPPL took over the plant. GAIL mechanically completed the plant in late 2010 and dredging work of the sea-channel leading to the Dabhol port was completed last year.
The terminal will be commissioned through smaller ships thereby leading to only 30-40% capacity utilization. The construction of a breakwater that will guard ships against high tides was not likely before 2013-14. The LNG terminal will become fully operational only after the completion of the breakwater facilities. The firm is talking to suppliers for long-term LNG supply tie-up.
| Company Name | CMP |
|---|---|
| GAIL India | 158.80 |
| Gujarat Gas | 364.65 |
| Indraprastha Gas | 168.30 |
| Mahanagar Gas | 1143.30 |
| Adani Total Gas | 629.40 |
| View more.. | |
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