GAIL rises on bagging pipeline laying work contracts for another 131 km in Kerala

GAIL (India) Ltd. | Gas Transmission/Marketing | Oil & Gas | BSE: 532155 | NSE: GAIL

02 May 2017 Evaluate

GAIL (India) is currently trading at Rs. 424.80, up by 1.05 points or 0.25% from its previous closing of Rs. 423.75 on the BSE.

The scrip opened at Rs. 423.75 and has touched a high and low of Rs. 426.45 and Rs. 419.70 respectively. So far 26361 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 426.45 on 02-May-2017 and a 52 week low of Rs. 266.85 on 29-Apr-2016.

Last one week high and low of the scrip stood at Rs. 426.45 and Rs. 399.40 respectively. The current market cap of the company is Rs. 71668.97 crore.

The promoters holding in the company stood at 54.97%, while Institutions and Non-Institutions held 39.74% and 5.29% respectively.

Carrying forward the momentum for Natural Gas pipeline works in Kerala, GAIL (India) has awarded Contracts for Pipeline Laying works of the Kochi - Koottanad - Mangaluru Pipeline for another 131 km section from Areacode (Malappuram) to Kurumathoor (Kannur) at a cost of approximately Rs 200 crore. The balance 111 km stretch in Malappuram, Kannur and Kasargod districts will be awarded by July 2017.

Construction works from both the ends of the Kochi - Koottanad Mangaluru Pipeline i.e., in the 91 km Kochi - Koottanad Section as well as in the 105 km Perole (Kasargod) - Mangaluru Section are already in full swing. With this award of contracts, over 75% of the Kochi - Koottanad - Mangaluru Pipeline will be in the Construction Phase.

GAIL (India) is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

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
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