GAIL rises on commencing 100% construction work in Kerala stretch of KKMBPL Project

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

03 Aug 2017 Evaluate

GAIL (India) is currently trading at Rs. 373.50, up by 4.30 points or 1.16% from its previous closing of Rs. 369.20 on the BSE.

The scrip opened at Rs. 374.40 and has touched a high and low of Rs. 374.40 and Rs. 370.40 respectively. So far 3,739 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 433.50 on 03-May-2017 and a 52 week low of Rs. 269.25 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 386.50 and Rs. 367.20 respectively. The current market cap of the company is Rs. 31,585.00 crore.

The promoters holding in the company stood at 54.88%, while Institutions and Non-Institutions held 40.46% and 4.65% respectively.

GAIL (India) has commenced 100% construction work in Kerala stretch of KKMBPL Project. The company started its foray into the state of Kerala with Kochi – Koottanad – Mangaluru-Bangalore Pipeline (KKMBPL) with a total project cost of Rs 3,263 crore. Despite the initial hurdle, the Kerala stretch of the project will gain impetus with commencement of 100 % construction work.

The construction activities is under full swing and the momentum will gather new speed with the company awarding contracts for Pipeline Laying works of the remaining section of 111 km stretch falling in Malappuram, Kannur and Kasargod districts at a cost of around Rs 160 crore.

As a part of Phase-II of the project, the pipeline section from Kochi-Koottanad (in Kerala) to Mangaluru (in Karnataka) section of 438 km is being executed. With award of contracts, the entire stretch of 438 Km 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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