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GAIL surges on plan of investing Rs 12,940 crore for natural gas pipeline network

23 Oct 2017 Evaluate

GAIL (India) is currently trading at Rs. 438.25, up by 5.15 points or 1.19% from its previous closing of Rs. 433.10 on the BSE.

The scrip opened at Rs. 433.10 and has touched a high and low of Rs. 438.90 and Rs. 433.00 respectively. So far 33809 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.15 on 11-Oct-2017 and a 52 week low of Rs. 300.98 on 24-Nov-2016.

Last one week high and low of the scrip stood at Rs. 447.25 and Rs. 430.75 respectively. The current market cap of the company is Rs. 73377.19 crore.

The promoters holding in the company stood at 54.89%, while institutions and non-institutions held 40.26% and 4.86% respectively.

GAIL (India) is planning to invest Rs 12,940 crore to expand its natural gas pipeline network to 18,000 km, up from 11,000 km at present. Its envisaged pipeline network is expected to be completed by December 2020.

With over 11,000 km of natural gas network, GAIL meets the country's fuel requirement across sectors like power, fertilisers, industrial, automotive and even household consumers. It has a share of over 75 per cent in natural gas transmission.

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

154.05 1.90 (1.25%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 154.05
Gujarat Gas 323.70
Indraprastha Gas 161.35
Mahanagar Gas 1073.80
Adani Total Gas 580.70
View more..

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